9-5-14. Bonded indebtedness of annexed municipality--Tax levy.
Except as otherwise provided in the plan for consolidation, the existing bonded indebtedness of the municipality annexed shall be paid by such municipality; and the governing body of the municipality as it exists after annexation is authorized, and it is made its duty, to provide for the payment of such existing bonded indebtedness by the levy of taxes upon the property subject to taxation within the limits of such municipality so annexed, and to continue such tax from year to year so long as the same shall be necessary.
Source: SL 1951, ch 249, §8; SDC Supp 1960, §45.29A08.
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.