Section 9-48-44 - Municipal funds or general obligation bonds used for portion of cost of main or trunksewer--Means of specifying portion of cost assumed by municipality. - South Dakota Statutes

9-48-44. Municipal funds or general obligation bonds used for portion of cost of main or trunk sewer--Means of specifying portion of cost assumed by municipality. If the governing body by resolution so provides, any portion of the total cost of a main or trunk sewer 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. The sum so determined to be paid may be a specified amount or fraction of the total cost of all improvements directed by the resolution of necessity, or a specified amount or fraction of the cost of any one of such improvements, or a specified amount or fraction of the cost of the improvements as service sewers or of the cost of the improvements over and above their cost as service sewers.

Source: SDC 1939, § 45.1808 as added by SL 1949, ch 187, § 5.