South Dakota Statutes
§ 9-22-14 — Tax levy to retire bonds held by debt service fund.
If a municipal debt service fund is invested in other bonds of such municipality, there shall be a levy of a tax upon the taxable property of such municipality of sufficient amount to pay the interest and also the principal thereof when due, and such tax when collected shall be returned to the respective fund for that purpose.
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South Dakota § 9-22-14 (Tax levy to retire bonds held by debt service fund.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SL 1915, ch 277; RC 1919, § 6999; SL 1923, ch 264; SL 1927, ch 189; SL 1933, ch 164; SDC 1939, § 45.2310; SL 1941, ch 200; SL 1949, ch 190, § 5.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.