Section 9-26-27 – Tax proceeds placed in debt service fund–Application of debt service fund–Reduction of levy after transfers to debt service fund.
9-26-27. Tax proceeds placed in debt service fund–Application of debt service fund–Reduction of levy after transfers to debt service fund. All taxes so levied when collected shall be placed in a special debt service fund and no part thereof shall be used for any purpose other than to pay the interest and principal of the […]
Section 9-27-1 – Appropriation and condemnation of private property–Resolution of necessity.
9-27-1. Appropriation and condemnation of private property–Resolution of necessity. Except as otherwise specially provided, whenever the governing body of any municipality shall deem it necessary to appropriate or damage any private property, either within or without the corporate limits of the municipality, for any purpose authorized by law, it shall, by a resolution passed by […]
Section 9-27-2 – Acceptance of deed in satisfaction of tax or assessment lien–Freedom from other liens required.
9-27-2. Acceptance of deed in satisfaction of tax or assessment lien–Freedom from other liens required. Any municipality may accept, as herein provided, from the owner a deed to any real estate within the boundary of such municipality in cases where the municipality has a lien on said real estate for general taxes or special assessments. […]
Section 9-27-3 – Payment by municipality of prior lien–Foreclosure after municipal failure to pay.
9-27-3. Payment by municipality of prior lien–Foreclosure after municipal failure to pay. The governing body shall have power to pay a prior lien or liens out of any moneys in its general fund in order to protect its interests in property described by §9-27-2. The holder of a prior lien may foreclose or otherwise realize […]
Section 9-27-8 – Proceeds of sale applied to payment of liens–Cancellation of unpaid balance.
9-27-8. Proceeds of sale applied to payment of liens–Cancellation of unpaid balance. Such municipality shall hold real estate acquired pursuant to §9-27-2 as a trustee for itself and any other taxing unit having a lien thereon, and upon a sale of said real estate all such liens shall be paid in their order of priority. […]
Section 9-27-9 – Purchase of tax sale certificates authorized–Amount paid to county.
9-27-9. Purchase of tax sale certificates authorized–Amount paid to county. Every municipality shall have power to purchase the assignment of tax sale certificates as provided by this section. Whenever any county has bid in at tax sale any lot within the limits of any municipality, the governing body thereof may authorize by resolution the treasurer […]
Section 9-27-29 – Conveyance to school district of property not required for public purposes.
9-27-29. Conveyance to school district of property not required for public purposes. Every municipality may convey any real property which is now or may hereafter be held or owned by it, the title to which has been or may be obtained from any source and which is not held for public use or which is […]
Section 9-27-30 – Resolution for transfer to school district–Deed of conveyance.
9-27-30. Resolution for transfer to school district–Deed of conveyance. Whenever the governing body deems it advisable and to the best interests of the municipality to convey any property to a school district pursuant to §9-27-29, it shall by resolution direct that the property be so transferred and conveyed. Thereupon a deed of conveyance shall be […]
Section 9-26-20 – Judgment bonds authorized without submission to election.
9-26-20. Judgment bonds authorized without submission to election. Whenever any municipality has issued and delivered its bonds and a judgment has been regularly recovered either upon the principal or upon the defaulted coupons belonging to such bonds establishing the validity thereof in a court of competent jurisdiction of this state or of the United States, […]
Section 9-26-21 – Amount of judgment bonds–Issuance–Sale–Maximum levy in small municipalities.
9-26-21. Amount of judgment bonds–Issuance–Sale–Maximum levy in small municipalities. The principal of the judgment bonds may not exceed the amount due upon the judgment at the date which the bonds bear. All bonds shall be issued and sold as provided in chapter 6-8B. However, in municipalities with less than five hundred population the tax levy […]