The governing body of the township, if authorized by law, may authorize, issue, and sell bonds as provided in chapter 6-8B, except that the election shall be conducted by a two-thirds vote of the registered voters present and voting at any annual township meeting or special township meeting called for that purpose.

Source: SL 1883, ch 112 , subch 1, § 116; CL 1887, § 830; RPolC 1903, § 1137; SL 1911, ch 250 , § 1; RC 1919, § 6133; SDC 1939, § 58.1101; SL 1963, ch 451 , § 1; SL 1984, ch 43 , § 66.