Watertown Independent School District No. 1 v. Codington County Board of Education

ROBERTS, Judge.

This appeal presents the question whether property brought within the corporate limits of an independent school district by annexation is subject to taxation to discharge a bonded indebtedness of the independent school district previously incurred and existing at the time of annexation.

The facts are not in dispute. On August 25, 1964, Watertown Independent School District levied an "annual irrepealable ad valorem tax" on all of the taxable property in the district sufficient in amount to pay the principal and interest on bonds issued on October 1, 1964, in the total principal…