9-5-12. Assumption of municipal debts and obligations after annexation.
All debts and obligations of the municipalities as enlarged by such consolidation, other than existing bonded indebtedness, shall be assumed and be paid by the municipality as enlarged by such consolidation.
Source: SL 1951, ch 249, §10; SDC Supp 1960, §45.29A10.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 05 - Annexation Of Contiguous Municipalities
Section 9-5-2 - Publication of resolutions of annexation--Approval of voters required.
Section 9-5-3 - Notice, conduct, and canvass of elections on annexation.
Section 9-5-4 - Waiting period after rejection of annexation by voters.
Section 9-5-5 - Submission of question to voters of municipality to be annexed--Date of election.
Section 9-5-6 - Form of ballot on question of annexation.
Section 9-5-9 - Effective date of annexation--Implementing ordinance.
Section 9-5-11 - Title to municipal property after annexation.
Section 9-5-12 - Assumption of municipal debts and obligations after annexation.
Section 9-5-14 - Bonded indebtedness of annexed municipality--Tax levy.
Section 9-5-16 - School districts consolidated on annexation.
Section 9-5-19 - Bonded indebtedness of annexed school district--Tax levy.