<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 9-38-77 - Municipal borrowing power for recreation and playgrounds--Negotiable bonds. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2036884Normal { margin-top: 0; margin-bottom: 0; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2036884SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2036884CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2036884Normal-000000 { margin-top: 0; margin-bottom: 0; text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-left: 0; margin-right: 0; } span.s2036884DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2036884000001 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2036884SCL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2036884SCL-000002 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2036884Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=9-38-77"><span class="s2036884SENU">9-38-77</span></a><span xml:space="preserve" class="s2036884SENU">. </span><span class="s2036884CL">Municipal borrowing power for recreation and playgrounds--Negotiable bonds.</span></p><p dir="ltr" class="s2036884Normal-000000"><span xml:space="preserve" class="s2036884DefaultParagraphFont">Every municipality shall have the power to borrow money on the credit of the corporation for the purpose of acquiring sites, purchasing or constructing buildings and facilities for public recreation and playground purposes, and to issue its negotiable bonds therefor in the manner provided by §§ </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=9-38-60"><span class="s2036884DefaultParagraphFont">9-38-60</span></a><span xml:space="preserve" class="s2036884DefaultParagraphFont"> to </span><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=9-38-75"><span class="s2036884DefaultParagraphFont">9-38-75</span></a><span class="s2036884DefaultParagraphFont">, inclusive.</span></p><p dir="ltr" class="s2036884Normal"><span xml:space="preserve" class="s2036884000001"> </span></p><p dir="ltr" class="s2036884Normal"><span class="s2036884SCL">Source:</span><span xml:space="preserve" class="s2036884SCL-000002"> SL 1949, ch 202, § 22; SDC Supp 1960, § 45.3222; SL 1973, ch 55.</span></p></div></body></html>