<html xmlns="http://www.w3.org/1999/xhtml"><head><meta charset="UTF-8" /><meta http-equiv='content-language' content='en-us'/><title>SDLRC - Codified Law 9-53-16 - Charges for use of hall--Purposes to which applied. </title><meta name="Generator" content="PowerTools for Open XML" /><style>span { white-space: pre-wrap; } p.s2037362Normal { text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2037362SENU { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } span.s2037362CL { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } p.s2037362Normal-000000 { text-indent: 0.50in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-left: 0; margin-right: 0; margin-bottom: .001pt; } span.s2037362DefaultParagraphFont { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } p.s2037362Normal-000001 { margin-left: 0.70in; text-indent: -0.45in; text-align: justify; font-family: 'Times New Roman', 'serif'; font-size: 12pt; line-height: 108%; margin-top: 0; margin-right: 0; margin-bottom: .001pt; } span.s2037362000002 { font-size: 12pt; font-style: normal; font-weight: normal; margin: 0; padding: 0; } span.s2037362DefaultParagraphFont-000003 { font-family: 'Times New Roman', 'serif'; font-size: 12pt; font-style: normal; font-weight: bold; margin: 0; padding: 0; } body { text-decoration-skip-ink: none; } </style></head><body><div><p dir="ltr" class="s2037362Normal"><a href="https://sdlegislature.gov/Statutes/Codified_Laws/DisplayStatute.aspx?Type=Statute&amp;Statute=9-53-16"><span class="s2037362SENU">9-53-16</span></a><span xml:space="preserve" class="s2037362SENU">. </span><span class="s2037362CL">Charges for use of hall--Purposes to which applied.</span></p><p dir="ltr" class="s2037362Normal-000000"><span class="s2037362DefaultParagraphFont">In addition the governing body by resolution may impose and collect reasonable charges for the use of the public convention hall constructed under the provisions of this chapter. The money so received shall be deposited in the municipal treasury to the credit of the public convention hall fund and applied in order to the following purposes exclusively:</span></p><p dir="ltr" class="s2037362Normal-000001"><span class="s2037362DefaultParagraphFont">(1)    The payment of necessary expenses of maintaining, insuring, and repairing such public convention hall;</span></p><p dir="ltr" class="s2037362Normal-000001"><span class="s2037362DefaultParagraphFont">(2)    Annually on the first day of January of each year, the balance remaining to the credit of such public convention hall shall be applied to the payment of the principal and interest of the cost of acquiring and improving the public convention hall, and the retirement of any bonds issued therefor as soon as said bonds are callable;</span></p><p dir="ltr" class="s2037362Normal-000001"><span class="s2037362DefaultParagraphFont">(3)    At the time all indebtedness has been paid in full, the balance, if any, after paragraph (1) herein is satisfied shall be transferred to the general fund of the municipality.</span></p><p dir="ltr" class="s2037362Normal"><span xml:space="preserve" class="s2037362000002"> </span></p><p dir="ltr" class="s2037362Normal"><span class="s2037362DefaultParagraphFont-000003">Source:</span><span xml:space="preserve" class="s2037362DefaultParagraphFont"> SL 1967, ch 230, § 11.</span></p></div></body></html>