Section 9-27-3 - Payment by municipality of prior lien--Foreclosure after municipal failure topay. - South Dakota Statutes

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 upon the same if such municipality shall fail to pay said lien either by a sale of such property or otherwise within ninety days after written demand shall have been made upon the governing body.

Source: SL 1935, ch 156, § 3; SDC 1939, § 45.2120.