South Dakota Codified Laws 9-51-26. Agreement to levy tax when bonds due–Certification to county auditor
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The municipality may agree, prior to the issuance or delivery of any bonds, to levy by ordinance an annual ad valorem tax upon all the taxable property within the municipality in such amount as will pay the annual interest thereon and the principal of said bonds at the time the same become due. Within thirty days after the adoption and publication of said ordinance, the auditor or clerk shall transmit to the county auditor a certified copy thereof.
Terms Used In South Dakota Codified Laws 9-51-26
- ordinance: as used in this title shall mean a permanent legislative act of the governing body of a municipality within the limits of its powers. See South Dakota Codified Laws 9-19-1
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1955, ch 216, § 6; SDC Supp 1960, § 45.02A06 (3).