Section 9-47-12 - Municipal funds used for purchase of pipes or mains. - South Dakota Statutes

9-47-12. Municipal funds used for purchase of pipes or mains. In the event that the entire water system of such municipality shall have theretofore been financed exclusively by general levy or taxation of all property within the municipality, then and in that case only the purchase authorized in § 9-47-9 may be financed by appropriation from the surplus, if any there be, in the water fund or general or both of said funds of the municipality, in the discretion of the governing body of the municipality.

Source: SL 1959, ch 278, § 3; SDC Supp 1960, § 45.1907.