South Dakota Statutes

§ 9-5-12 — Assumption of municipal debts and obligations after annexation.

South Dakota·Title 9 MUNICIPAL GOVERNMENT·Ch. 9-5 ANNEXATION OF CONTIGUOUS MUNICIPALITIES
All debts and obligations of the municipalities as enlarged by such consolidation, other than existing bonded indebtedness, shall be assumed and be paid by the municipality as enlarged by such consolidation.

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South Dakota § 9-5-12 (Assumption of municipal debts and obligations after annexation.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

SL 1951, ch 249, § 10; SDC Supp 1960, § 45.29A10.

Nearby Sections

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