SDCL § 46A-1-25: Registration of interim notes--Interest payment--Redemption prior to maturity.

The district may provide for the registration of the notes in the name of the owner either as to principal alone, or as to both principal and interest, on such terms and conditions as the district may determine by the resolution authorizing their issue. Interest on the notes may be made payable semiannually, annually, or at maturity. The notes may be made redeemable, prior to maturity, at the option of the district, in the manner and upon the terms fixed by the resolution authorizing their issuance.

Source: SL 1972, ch 241, § 29; SDCL Supp, § 46-17A-27.