9-26-22. Compromise of judgment by delivery of bonds to creditor.
Any municipality may compromise and settle with any such judgment creditor by the delivery of any amount of judgment bonds less than the amount due upon such judgment that such creditor may be willing to accept in settlement of such judgment.
Source: SL 1905, ch 65, §4; RC 1919, §6426; SDC 1939, §45.2320.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 26 - General Obligation Bonds
Section 9-26-1 - Authorization--Issuance--Sale.
Section 9-26-20 - Judgment bonds authorized without submission to election.
Section 9-26-21 - Amount of judgment bonds--Issuance--Sale--Maximum levy in small municipalities.
Section 9-26-22 - Compromise of judgment by delivery of bonds to creditor.
Section 9-26-25 - Tax levy for retirement of general obligation bonds.