South Dakota Codified Laws 9-51-10. Acquisition, improvement and operation of parking facilities–Traffic controldevices–Use of municipal funds
Current as of: 2023 | Check for updates
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Every municipality shall have power to acquire by gift, lease, purchase, or condemnation proceedings any property, whether real, personal, or mixed, deemed by its governing body to be needed for the municipality’s regulation and control of traffic on its streets, alleys, and public grounds by providing, regulating, and operating on–street or off–street parking lanes or areas and may acquire by purchase or lease parking meters or other traffic control devices and may construct or otherwise provide, equip, maintain, and operate automobile parking facilities and may expend municipal funds for these purposes.
Terms Used In South Dakota Codified Laws 9-51-10
- Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
- Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). Source: OCC
- Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2
Source: SL 1955, ch 216, § 3; SDC Supp 1960, § 45.02A03.