South Dakota Statutes
§ 9-26-25 — Tax levy for retirement of general obligation bonds.
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 bonds at the time they become due.
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South Dakota § 9-26-25 (Tax levy for retirement of general obligation bonds.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
SD Const, art 13, § 5; RC 1919, § 6998; SL 1919, ch 270; SL 1931, ch 188; SDC 1939, § 45.2303; SL 1949, ch 190, § 3.
Nearby Sections
15
§ 9-1-1
Definition of terms.§ 9-1-9
Repealed.