Property and assets of every kind belonging to any municipality shall be exempt from taxation and levy and sale on execution. Source: SL 1890, ch 37 , art XXII, § 3; RPolC 1903, § 1382; RC 1919, § 6574; SDC 1939, § 45.1425.
Municipal property exempt from taxation and execution
SDCL § 9-24-6 — under ACTIONS AGAINST MUNICIPALITIES.
SDCL § 9-24-6