Title 8 — TOWNSHIPS
11 chapters · 153 sections in this title.
SDCL § 8-11-3 Authorization, issuance and sale--Vote required
0.5K chars
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 to…
SDCL § 8-11-4 Refunding bonds issued on judgment against township--Compromise with judgment creditor
1.1K chars
If a judgment has been recovered, either upon the principal or a defaulted coupon of any bond issued by any civil township, establishing the validity thereof in a court of competent jurisdiction, the governing body of the civil township may, by resolution passed and entered upon …
SDCL § 8-11-7 Tax levy for retirement of bonds--Special fund
0.7K chars
It shall be the duty of the board of supervisors at or before the issuing of any such bonds to provide by resolution or bylaw for an annual tax sufficient to pay the interest and also the principal thereof, when due, which resolution or bylaw shall be irrepealable until such bond…
SDCL § 8-11-8 Investment of township debt service funds--Tax levy for bonds in debt service fund
1.7K chars
Every civil township maintaining a debt service fund for the payment of outstanding bonds, shall keep the accumulations in such debt service fund deposited with lawful depositories or invested in registered warrants or bonds of any municipal or public corporation of the State of …