South Dakota § 9-5-14 Bonded indebtedness of annexed municipality--Tax levy.

South Dakota Statutes

§ 9-5-14 — Bonded indebtedness of annexed municipality--Tax levy.

South Dakota § 9-5-14

Title 9MUNICIPAL GOVERNMENT

Ch. 9-5ANNEXATION OF CONTIGUOUS MUNICIPALITIES

This text of South Dakota § 9-5-14 (Bonded indebtedness of annexed municipality--Tax levy.) is published on Counsel Stack Legal Research, covering South Dakota primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

S.D. Codified Laws § 9-5-14 (2026).

Text

Except as otherwise provided in the plan for consolidation, the existing bonded indebtedness of the municipality annexed shall be paid by such municipality; and the governing body of the municipality as it exists after annexation is authorized, and it is made its duty, to provide for the payment of such existing bonded indebtedness by the levy of taxes upon the property subject to taxation within the limits of such municipality so annexed, and to continue such tax from year to year so long as the same shall be necessary.

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Except as otherwise provided in the plan for consolidation, the existing bonded indebtedness of the municipality annexed shall be paid by such municipality; and the governing body of the municipality as it exists after annexation is authorized, and it is made its duty, to provide for the payment of such existing bonded indebtedness by the levy of taxes upon the property subject to taxation within the limits of such municipality so annexed, and to continue such tax from year to year so long as the same shall be necessary.