Section 38-6-8 - Investment, transfer, and sale of securities and obligations--Purposes.
38-6-8. Investment, transfer, and sale of securities and obligations--Purposes. The secretary of agriculture, with the approval of the Governor, is authorized and empowered to negotiate, renegotiate, invest, reinvest, transfer, and sell securities, notes, bonds, mortgages, and other obligations, including funds and the proceeds of trust assets, in such manner and upon such terms, conditions and for such periods of time consistent with and for carrying out the purposes of this chapter and to do any and all things necessary to effectuate and carry out the purposes permissible under the charter of the now dissolved South Dakota Rural Rehabilitation Corporation.
Source: SDC Supp 1960, § 4.0119 (4) as added by SL 1961, ch 2, § 1.