7-19-7. School mortgage obligation to state unimpaired.
Nothing contained in §§7-19-3 to 7-19-6, inclusive, shall in any way relieve any county from paying the full amount of principal and interest due to the State of South Dakota on any school fund loan mortgage compromised.
Source: SL 1935, ch 81, §4; SDC 1939, §12.1916.
Structure South Dakota Codified Laws
Chapter 19 - Prosecution Of Claims By County
Section 7-19-1 - Circuit court authorization for commencement and prosecution of action.
Section 7-19-2 - County purchase of real estate sold on execution.
Section 7-19-3 - Compromise of mortgage indebtedness authorized on refinancing.
Section 7-19-4 - Resolution for compromise of mortgage indebtedness.
Section 7-19-5 - Circuit court hearing and confirmation of mortgage indebtedness compromise.
Section 7-19-6 - Validation of prior mortgage compromises by county commissioners.
Section 7-19-7 - School mortgage obligation to state unimpaired.
Section 7-19-8 - Action to set aside mortgage compromise prohibited.
Section 7-19-9 - Action to set aside county conveyance after mortgage compromise prohibited.