Title 9 — MUNICIPAL GOVERNMENT
59 chapters · 1,226 sections in this title.
SDCL § 9-26-1 Authorization--Issuance--Sale
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All bonds which are a general obligation of the municipality shall be authorized, issued, and sold as provided in chapter 6-8B . Source: SL 1890, ch 37 , art V, § 5; RPolC 1903, § 1229, subdiv 5; SL 1911, ch 99 ; SL 1913, ch 119 , § 53, subdiv 5; RC 1919, § 6413; SL 1923, ch 228 …
SDCL § 9-26-13 Courthouse bonds authorized--Use of proceeds of sale--Contract with county for municipal use of courthouse
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If a county seat has been located at any municipality and the county has no courthouse, the municipality may borrow money on its credit to assist the county in building a courthouse and to issue bonds therefor. All bonds shall be authorized, issued, and sold as provided in chapte…
SDCL § 9-26-20 Judgment bonds authorized without submission to election
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Whenever any municipality has issued and delivered its bonds and a judgment has been regularly recovered either upon the principal or upon the defaulted coupons belonging to such bonds establishing the validity thereof in a court of competent jurisdiction of this state or of the …
SDCL § 9-26-21 Amount of judgment bonds--Issuance--Sale--Maximum levy in small municipalities
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The principal of the judgment bonds may not exceed the amount due upon the judgment at the date which the bonds bear. All bonds shall be issued and sold as provided in chapter 6-8B . However, in municipalities with less than five hundred population the tax levy for the bonds may …
SDCL § 9-26-22 Compromise of judgment by delivery of bonds to creditor
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Any municipality may compromise and settle with any such judgment creditor by the delivery of any amount of judgment bonds less than the amount due upon such judgment that such creditor may be willing to accept in settlement of such judgment. Source: SL 1905, ch 65 , § 4; RC 1919…
SDCL § 9-26-23 Agreement with judgment creditor for satisfaction of judgment on delivery of bonds--Filing of agreement
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No judgment bonds shall be issued and delivered to the judgment creditor until after the execution of an agreement between such municipality and such judgment creditor to the effect that upon the payment of the principal and interest upon said bonds according to the terms thereof…
SDCL § 9-26-24 Validity of bonds not impaired by misapplication of proceeds--Change of purpose by new election
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The validity of bonds which have been sold and the proceeds thereof received by the municipality shall not be impaired by the failure to use the proceeds for the authorized purpose or the insufficiency of the proceeds to accomplish such purpose in whole or in part, but the use of…
SDCL § 9-26-25 Tax levy for retirement of general obligation bonds
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Whenever any general obligation bonds are issued by a municipality, it shall be the duty of the governing body by ordinance to levy an annual tax upon the taxable property within the municipality of such an amount as will pay the annual interest thereon and the principal of said …
SDCL § 9-26-26 Transmission of tax levy to county auditor--Application to property within municipality
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Within thirty days after the adoption and publication of the ordinance required by § 9-26-25 the auditor or clerk shall transmit to the county auditor a certified copy thereof. Thereupon the county auditor shall spread the tax levied in said ordinance upon all of the taxable prop…
SDCL § 9-26-27 Tax proceeds placed in debt service fund--Application of debt service fund--Reduction of levy after transfers to debt service fund
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All taxes so levied when collected shall be placed in a special debt service fund and no part thereof shall be used for any purpose other than to pay the interest and principal of the bonds for which they were levied and collected; provided, that if any moneys shall upon the expi…