article-xxviii•Constitution of South Dakota — Article XXVIII: ARTICLE XXVIII COUNTY INVESTMENT OF PERMANENT SCHOOL AND ENDOWMENT FUNDS 1. School and governmental bonds--Farm loans.
Constitution of South Dakota — Article XXVIII: ARTICLE XXVIII COUNTY INVESTMENT OF PERMANENT SCHOOL AND ENDOWMENT FUNDS 1. School and governmental bonds--Farm loans.
article-xxviiiSouth Dakota Const. Article XXVIIIConstitution
Publisher edition notice: This collection preserves the complete captured Legislature compilation, including repealed provisions and publisher source notes. The exact current edition has not been independently verified.
Article XXVIII
ARTICLE XXVIII
COUNTY INVESTMENT OF PERMANENT SCHOOL AND ENDOWMENT FUNDS
1. School and governmental bonds--Farm loans.
§ 1. School and governmental bonds--Farm loans. The several counties of the state shall invest the moneys of the permanent school and endowment funds in bonds of school corporations, state, county and municipal bonds or in first mortgages upon good improved farm lands within their limits respectively, under such regulations as the Legislature may provide, but no farm loan shall exceed one thousand dollars to any one person, firm or corporation.
History: Section proposed by SL 1899, ch 63, adopted Nov., 1900.
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