46A-11-8. Assessment certificates--Issuance--Form and contents--Rights of holder--Enforcement.
A board may issue separate assessment certificates against each tract assessed for the amount of its assessment and may sell them at not less than par value with accrued interest or may contract to pay for construction of the project with assessment certificates or with warrants. Any assessment certificate shall refer to the record, in the office of the county auditor, of the order of assessment and the copy in the county treasurer's office, shall transfer to the holder all interest, claim, or right in the assessment, and shall bear the same rate of interest, carry a property lien and be enforceable as provided by law.
Source: SDC 1939, §61.1008; SDCL, §46-21-8; SL 1985, ch 362, §105.
Structure South Dakota Codified Laws
Chapter 11 - Drainage Assessments And Bonds
Section 46A-11-3 - Matters considered in fixing and equalizing benefits.
Section 46A-11-4 - Hearing on equalization of benefits--Determination by board--Revision procedure.
Section 46A-11-5 - Assessment by board--Cost of establishment.
Section 46A-11-6 - Assessment--Certified copy filed with county treasurer--Notice.
Section 46A-11-9 - Assessments for further costs of construction.
Section 46A-11-12 - Assessments paid to county treasurer--Distribution.
Section 46A-11-18 - Payment of drainage assessments against townships--Unorganized townships.
Section 46A-11-19 - Assessments for drainage--Enforcement by county treasurer, sale of property.
Section 46A-11-25 - Drainage bonds--County not liable for payment--Payment from assessments.
Section 46A-11-28 - Separate accounts for drainage projects.
Section 46A-11-37 - Abandonment and abolition of drainage--Assessments and liens not affected.