Loading...
(A) All contracts into which the municipality enters shall be valid only upon being authorized by a vote of the governing body at a duly assembled meeting.
(B) All contracts of and conveyances by the municipality shall be executed in the name of the municipality by the Mayor or President of the Board of Commissioners, be countersigned by the Clerk, and have the corporate seal attached.
(Prior Code, § 34.30)
Statutory reference:
Related provisions, see SDCL § 9-1-5
(A) Whenever any contract for the construction of a public improvement is entered into, the contractor shall furnish surety in an amount not less than the contract price. The contractor shall also guarantee that he or she will promptly pay all persons supplying him or her with labor.
(B) The performance bond may be waived when the bid submitted does not exceed $25,000.
(C) The contractor shall also pay all taxes which may arise under SDCL Ch. 10-46.
(Prior Code, § 34.32)
Loading...