Section 40-23-16 - Directors' power to lease land.
40-23-16. Directors' power to lease land. The directors may enter into leases on behalf of the association with persons, corporations, limited liability companies, partnerships, or with the county or counties in which the district is located or with the state or the federal government for tracts of land within, contiguous to, or adjacent to such districts.
Source: SDC 1939, § 40.1806 (6); SL 1994, ch 351, § 97.