Section 46A-11-8 - Assessment certificates--Issuance--Form and contents--Rights of holder--Enforcement. - South Dakota Statutes

46A-11-8. Assessment certificates--Issuance--Form and contents--Rights of holder--Enforcement. A board may issue separate assessment certificates against each tract assessed for the amount of its assessment and may sell them at not less than par value with accrued interest or may contract to pay for construction of the project with assessment certificates or with warrants. Any assessment certificate shall refer to the record, in the office of the county auditor, of the order of assessment and the copy in the county treasurer's office, shall transfer to the holder all interest, claim, or right in the assessment, and shall bear the same rate of interest, carry a property lien and be enforceable as provided by law.

Source: SDC 1939, § 61.1008; SDCL, § 46-21-8; SL 1985, ch 362, § 105.