Montana Statutes
§ 7-12-4245 — Resolution For Issuance Of Bonds
Montana·Title 7 LOCAL GOVERNMENT·Ch. 12 IMPROVEMENT DISTRICTS·Part 42 Special Improvement Districts Continued
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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Legislative History
En. Sec. 4, Ch. 260, L. 1947; amd. Sec. 19, Ch. 234, L. 1971; R.C.M. 1947, 11-2277(part).
Nearby Sections
15
§ 7-12-1101
Short Title§ 7-12-1102
Purpose§ 7-12-1103
Definitions§ 7-12-1104
Through 7-12-1110 Reserved§ 7-12-1111
Establishment Or Expansion Of District§ 7-12-1113
Protest Against Proposed District§ 7-12-1115
Resolution Creating Or Expanding District§ 7-12-1116
Through 7-12-1120 Reserved§ 7-12-1123
Removal Of Board Member§ 7-12-1124
Through 7-12-1130 Reserved§ 7-12-1131
Powers Of Board In Administering District