Montana § 7-12-4245 Resolution For Issuance Of Bonds

Montana Statutes

§ 7-12-4245 — Resolution For Issuance Of Bonds

Montana § 7-12-4245

Title 7LOCAL GOVERNMENT

Ch. 12IMPROVEMENT DISTRICTS

Part 42Special Improvement Districts Continued

This text of Montana § 7-12-4245 (Resolution For Issuance Of Bonds) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 7-12-4245 (2026).

Text

7-12-4245 . Resolution for issuance of bonds.

(1)Whenever the council has been authorized to issue bonds under 7-12-4241 through 7-12-4258 , the council may by resolution determine to issue such bonds and provide for the guaranty thereof by the supplemental revolving fund.

(2)Such resolution shall fix the amount, maturity, and interest rate and provide for the sale of bonds in such manner as the council shall determine.

(3)The resolution providing for the issuance of bonds may also contain such reasonable covenants for the protection of the holders thereof as the council may determine.

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7-12-4245 . Resolution for issuance of bonds. (1) Whenever the council has been authorized to issue bonds under 7-12-4241 through 7-12-4258 , the council may by resolution determine to issue such bonds and provide for the guaranty thereof by the supplemental revolving fund.
(2) Such resolution shall fix the amount, maturity, and interest rate and provide for the sale of bonds in such manner as the council shall determine.
(3) The resolution providing for the issuance of bonds may also contain such reasonable covenants for the protection of the holders thereof as the council may determine.