Section 46A-6-19 - Payment of bonds and interest--Annual assessment upon real property ofdistrict. - South Dakota Statutes

46A-6-19. Payment of bonds and interest--Annual assessment upon real property of district. Such bonds, and the interest thereon, shall be paid by revenue derived from an annual assessment upon the real property of the district, and all real property of the district shall be and remain liable to be assessed for such payments as provided in chapter 46A-7, and for all payments due or to become due to the United States under any contract between the district and the United States, accompanying which contract bonds of the district have not been deposited with the United States.

Source: SDC 1939, § 61.0903; SDCL, § 46-14-18.