Municipal improvement bonds authorized in lieu of special assessment certificates

If the special assessments to be levied by any municipality for any local improvement or improvements are divided into installments pursuant to the provisions of chapter 9-43 , the governing body of the municipality, in lieu of issuing assessment certificates or bonds as provided in chapter 9-43 , may issue municipal improvement bonds. Source: SL 1947, ch 219 , § 1; SDC Supp 1960, § 45.21A01; SL 1984, ch 43 , § 85.