Section 9-23-23 – Incidental account.
9-23-23. Incidental account. A municipality may establish an incidental account in an amount determined by the governing body by setting aside on an imprest basis money from the general fund. The incidental account shall be kept and used by the officer designated by the governing body for advanced payment or for claims requiring immediate payment, […]
Section 9-24-5 – Limitation of action against municipality, employee, official, or volunteer for personal injury or death.
9-24-5. Limitation of action against municipality, employee, official, or volunteer for personal injury or death. Any action for recovery of damages for personal injury or death caused by the negligence of a municipality or its employees, elected and appointed officials, and volunteers authorized by the municipality at the time of the alleged negligent act shall […]
Section 9-24-6 – Municipal property exempt from taxation and execution.
9-24-6. Municipal property exempt from taxation and execution. Property and assets of every kind belonging to any municipality shall be exempt from taxation and levy and sale on execution. Source: SL 1890, ch 37, art XXII, §3; RPolC 1903, §1382; RC 1919, §6574; SDC 1939, §45.1425.
Section 9-24-7 – Maximum liability–Municipal airport–Accidents or occurrences.
9-24-7 . Maximum liability–Municipal airport–Accidents or occurrences. The maximum liability of any municipality operating an airport shall be five million dollars for any accident or occurrence at or in connection with the operation of the airport resulting in bodily injury or death to any person, or damage to property, or any combination thereof. Source: SL […]
Section 9-25-1 – General bonding power of municipalities.
9-25-1. General bonding power of municipalities. Every municipality shall have power to borrow money on the credit of the municipality for any authorized corporate purpose within the constitutional limitations of municipal indebtedness and to issue its negotiable bonds therefor in such amounts, forms, and upon such conditions as it may lawfully prescribe and after authorization […]
Section 9-25-2 – Execution of bonds and coupons–Facsimile signatures.
9-25-2. Execution of bonds and coupons–Facsimile signatures. All bonds and coupons issued by the municipality shall be executed as contracts except that the facsimile signature of such officers to the coupons may be lithographed or engraved. Source: SL 1899, ch 51, §2; RPolC 1903, §1386; SL 1905, ch 155, §3; RC 1919, §6431; SDC 1939, […]
Section 9-25-12 – Promissory notes authorized–Sources of repayment–Recitals–Issuance and sale–Maximum term.
9-25-12. Promissory notes authorized–Sources of repayment–Recitals–Issuance and sale–Maximum term. A municipality may borrow money from any source willing to lend the money by issuing a promissory note subject to the limitations set in §§9-25-13 to 9-25-16, inclusive. Notes issued pursuant to this section are payable solely from the sources provided in §9-25-13 and do not […]
Section 9-25-13 – Maximum amount borrowed on promissory note.
9-25-13. Maximum amount borrowed on promissory note. The money borrowed pursuant to §9-25-12 may not exceed the sum of ninety-five percent of the amount of anticipated special assessment bond proceeds or may not exceed the sum of ninety-five percent of the amount of uncollected taxes levied by the municipality for the current fiscal year plus […]
Section 9-23-15 – Call of registered warrants for annual payment of interest.
9-23-15. Call of registered warrants for annual payment of interest. As soon as there is sufficient money in said special warrant interest fund to pay one year’s interest on one or more outstanding warrants, the treasurer shall notify the holder of the oldest registered warrant or warrants to present the same for payment of interest. […]
Section 9-23-16 – Loss of priority by failure to present warrant for annual interest–Name and address filed with treasurer.
9-23-16. Loss of priority by failure to present warrant for annual interest–Name and address filed with treasurer. Any warrant holder who shall fail to present his warrant to the treasurer within thirty days after the treasurer shall have mailed him notice to present the same, addressed to such holder’s last known address, shall lose his […]