Article XXVIII, South Dakota Constitution

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South Dakota Constitution
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Article XXVIII of the South Dakota Constitution is entitled County Investment of Permanent School and Endowment Funds and consists of one section.

Section 1

Text of Section 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.

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