9-5-13. Bonded indebtedness of annexing municipality--Tax levy--Property in annexed municipality exempt.
Except as otherwise provided in the plan for consolidation, all existing bonded indebtedness of the municipality to which annexation is made shall be paid by such municipality by a tax to be levied exclusively upon the property subject to taxation within the limits of the same as it existed prior to such annexation or as such original limits are changed, and none of the real estate or property embraced within the limits of the annexed municipality shall ever be subjected, in any way, to the payment of any part of said bonded indebtedness.
Source: SL 1951, ch 249, §7; SDC Supp 1960, §45.29A07.
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.