The provisions of §§ 8-1-23 to 8-1-27 , inclusive, relating to abolishing of township organizations shall not apply to any township having an outstanding bonded indebtedness nor to any township owning any real property. Source: SL 1897, ch 117 , § 7; RPolC 1903, § 1169; RC 1919, § 6153; SDC 1939, § 58.0118.