Section 9-45-29 - Improvement costs payable from municipal funds or general obligation bonds. - South Dakota Statutes

9-45-29. Improvement costs payable from municipal funds or general obligation bonds. If the governing body by resolution so provides, any portion of the cost may be paid by the municipality out of its general funds appropriated for that purpose or out of the proceeds of general obligation bonds as authorized by chapter 9-43, and the proper deduction shall be made of the cost to be so paid before the cost to be assessed is distributed to the several lots as required. The sum so determined to be paid may be a fixed amount or fraction of the total cost of the improvement, or of a specified portion thereof on which the construction is substantially uniform, and such amount or fraction may be additional to any amounts assumed by the municipality in accordance with the provisions of §§ 9-45-33 to 9-45-35, inclusive, or the costs referred to in those sections may be paid therefrom, as determined by said resolution.

Source: SL 1915, ch 110, § 2; RC 1919, § 6365; SL 1929, ch 194; SDC 1939, § 45.1702 (3); SL 1949, ch 185, § 2.