South Dakota Codified Laws > Title 9 > Chapter 44 – Municipal Improvement Bonds


§ 9-44-1	Municipal improvement bonds authorized in lieu of special assessment certificates
§ 9-44-2	Authorization–Issuance–Sale–Maturity
§ 9-44-3	Amount of bond issue
§ 9-44-5	Covenants with bondholders authorized
§ 9-44-6	Agreement by municipality to pay part of bonds from tax proceeds–Constitutionallimitation–Irrepealable tax levy
§ 9-44-7	Municipal agreement as to water and sewer service charges–Adequacy of rates
§ 9-44-8	Tax levy to pay deficiency in improvement fund–Covenant to levy–Limitation oflevy
§ 9-44-9	Reduction of assessments on decision to pay bonds from taxes or service charges–Supplemental assessments on property benefited
§ 9-44-10	Bonds payable from improvement fund–Negotiability–Municipal obligation limited
§ 9-44-11	Assessments, taxes, and revenues paid into improvement fund–Use of fund–Unexpended balance

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Equitable: Pertaining to civil suits in "equity" rather than in "law." In English legal history, the courts of "law" could order the payment of damages and could afford no other remedy. See damages. A separate court of "equity" could order someone to do something or to cease to do something. See, e.g., injunction. In American jurisprudence, the federal courts have both legal and equitable power, but the distinction is still an important one. For example, a trial by jury is normally available in "law" cases but not in "equity" cases. ^{Source: U.S. Courts}
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
ordinance: as used in this title shall mean a permanent legislative act of the governing body of a municipality within the limits of its powers. See South Dakota Codified Laws 9-19-1
Property: includes property, real and personal. See South Dakota Codified Laws 2-14-2