9-53-16. Charges for use of hall--Purposes to which applied.
In addition the governing body by resolution may impose and collect reasonable charges for the use of the public convention hall constructed under the provisions of this chapter. The money so received shall be deposited in the municipal treasury to the credit of the public convention hall fund and applied in order to the following purposes exclusively:
(1)The payment of necessary expenses of maintaining, insuring, and repairing such public convention hall;
(2)Annually on the first day of January of each year, the balance remaining to the credit of such public convention hall shall be applied to the payment of the principal and interest of the cost of acquiring and improving the public convention hall, and the retirement of any bonds issued therefor as soon as said bonds are callable;
(3)At the time all indebtedness has been paid in full, the balance, if any, after paragraph (1) herein is satisfied shall be transferred to the general fund of the municipality.
Source: SL 1967, ch 230, ยง11.
Structure South Dakota Codified Laws
Title 9 - Municipal Government
Chapter 53 - Public Convention Halls
Section 9-53-1 - Definition of terms.
Section 9-53-2 - Municipal power to acquire, build, improve and maintain convention halls.
Section 9-53-3 - Establishment of benefit district--Assessment of costs against property.
Section 9-53-4 - Feasibility survey conducted prior to establishment of district.
Section 9-53-5 - Plat showing district boundaries and location of hall.
Section 9-53-6 - Schedule of cost estimates and financing plan.
Section 9-53-7 - Preparation and filing of proposed resolution of necessity--Contents.
Section 9-53-8 - Costs of preliminary papers and resolution.
Section 9-53-9 - Mailing of notice of hearing on resolution of necessity.
Section 9-53-10 - Hearing and action by governing body on resolution of necessity.
Section 9-53-13 - Levy and collection of special assessments--Assessment bonds.
Section 9-53-15 - Supervision of operation of hall--Maintenance funds.
Section 9-53-16 - Charges for use of hall--Purposes to which applied.