7-21-41 Resolution creating delinquent tax fund--Tax collections paid into fund.
Back to Chapter 7-21
Resolution creating delinquent tax fund--Tax collections paid into fund.
resolution must create a fund to be known as the "Delinquent tax fund for the fiscal year ending
December 31st, 20____," and shall provide that all delinquent taxes levied during such fiscal year
for the funds for which such money has been borrowed, together with all penalties, interest, and costs
added thereto, shall be, as fast as the same are collected, paid into and deposited to the credit of such
fund, and shall be used for the payment of principal of and interest on such certificates of
indebtedness and for no other purpose.
Source: SL 1927, ch 79, § 16; SDC 1939, § 12.2014.
Get Chapter 7-21