Montana § 7-7-4272 Cancellation Of Bonds And Coupons

Montana Statutes

§ 7-7-4272 — Cancellation Of Bonds And Coupons

Montana § 7-7-4272

Title 7LOCAL GOVERNMENT

Ch. 7DEBT MANAGEMENT

Part 42Municipal General Obligation Bonds

This text of Montana § 7-7-4272 (Cancellation Of Bonds And Coupons) 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. § 7-7-4272 (2026).

Text

7-7-4272 . Cancellation of bonds and coupons.

(1)All bonds and interest coupons paid by the city treasurer or town clerk from time to time must be canceled by the treasurer or clerk. After cancellation, the treasurer or clerk shall deliver the bonds and coupons to the city or town clerk, with a report showing the numbers of the bonds and the amounts paid as principal and interest. The city treasurer or town clerk shall enter on the records of the registration of the bonds the date of the payment of the bonds and the coupons attached to the bonds.

(2)The city or town clerk shall exhibit the bonds and coupons, with the report, to the city or town council at its next regular meeting.

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7-7-4272 . Cancellation of bonds and coupons. (1) All bonds and interest coupons paid by the city treasurer or town clerk from time to time must be canceled by the treasurer or clerk. After cancellation, the treasurer or clerk shall deliver the bonds and coupons to the city or town clerk, with a report showing the numbers of the bonds and the amounts paid as principal and interest. The city treasurer or town clerk shall enter on the records of the registration of the bonds the date of the payment of the bonds and the coupons attached to the bonds.
(2) The city or town clerk shall exhibit the bonds and coupons, with the report, to the city or town council at its next regular meeting.