8-10-22. Tax levy for annual payment of interest on warrants.
The board of supervisors of any organized township may determine by resolution that interest shall be paid annually on all outstanding registered warrants of such township. When it has been so determined said board shall, at the time and in the manner provided for the levy of taxes, make a separate and special levy of a tax sufficient to pay one year's interest on each township warrant, which according to the computation of the board will be outstanding and unpaid on the anniversary of the date thereof during the next calendar year. Such levy may be made in addition to the maximum levy otherwise allowed by law, and shall be certified by the county auditor, placed on the tax roll, and collected by the county treasurer as other taxes, which funds derived from such levy shall be kept separate and apart from other tax collections and shall be used for the purpose of paying interest on warrants as provided in §8-10-23.
Source: SL 1933, ch 160, §§1, 2; SDC 1939, §58.0709.
Structure South Dakota Codified Laws
Chapter 10 - Township Fiscal Affairs
Section 8-10-1 - Property tax levy.
Section 8-10-2 - Notice to county auditor of township tax levy--Entry on tax list.
Section 8-10-3 - Township funds remitted by county treasurer.
Section 8-10-6 - Purposes for which township funds expended.
Section 8-10-8 - Township expenditures limited by annual tax levy.
Section 8-10-9 - Proration of appropriations for more than one year.
Section 8-10-12 - Examination and allowance of verified claims by township board.
Section 8-10-13 - Verification not required for salaries and jurors' and witnesses' claims.
Section 8-10-14 - Allowance of claim without verification as misdemeanor.
Section 8-10-15 - Auditing of accounts payable--Clerk of the township replacing absent supervisor.
Section 8-10-16 - Time of meetings for allowance of accounts--Statement of amount allowed.
Section 8-10-17 - Warrants for accounts allowed.
Section 8-10-18 - Endorsement of warrant for payment by depository.
Section 8-10-19 - Register of warrants not paid on presentation--Data entered.
Section 8-10-21 - Call of registered warrants for payment--Termination of interest.
Section 8-10-22 - Tax levy for annual payment of interest on warrants.
Section 8-10-23 - Call of warrants for annual payment of interest.
Section 8-10-24 - Loss of priority by failure to present warrant for annual interest.
Section 8-10-27 - Accounts maintained by treasurer--Exhibition to township board.
Section 8-10-28 - Examination by board of accounts of treasurer and officers handling money.
Section 8-10-29 - Report of fiscal affairs by board--Reading and publication of report.
Section 8-10-30 - Treasurer's annual financial statement--Contents--Filing.
Section 8-10-31 - Forfeiture by treasurer for neglect of duty.