Section 9-43-29 - Alternate plans for payment of assessments--Governing body to designate planand number of installments.
9-43-29. Alternate plans for payment of assessments--Governing body to designate plan and number of installments. All special assessments are payable under Plan One or Plan Two.
Plan One--Collection by county treasurer.
Plan Two--Collection by municipal treasurer.
Before any contract is let payable from assessment certificates or before bonds are issued in lieu of assessment certificates for any local improvement for which special assessments are to be levied, the governing body shall provide by resolution or ordinance whether the assessments and installments thereof shall be payable under Plan One or under Plan Two. The resolution or ordinance shall provide that the assessment shall be divided into any number of annual installments not exceeding twenty-five.
Source: SL 1901, ch 79, § 3; RPolC 1903, § 1543; SL 1913, ch 324, § 1; RC 1919, §§ 6401, 6406; SL 1919, ch 269; SL 1923, ch 227; SDC 1939, §§ 45.2106, 45.2111; SL 1949, ch 189, §§ 3, 4; SL 1951, ch 242, §§ 1 to 3; SL 1963, ch 283, § 7; SL 1990, ch 66.