Montana § 7-7-4426 Authorization For Undertaking And Issuance Of Bonds

Montana Statutes

§ 7-7-4426 — Authorization For Undertaking And Issuance Of Bonds

Montana·Title 7 LOCAL GOVERNMENT·Ch. 7 DEBT MANAGEMENT·Part 44 Municipal Revenue Bonds

7-7-4426 . Authorization for undertaking and issuance of bonds.

(1)The acquisition, purchase, construction, reconstruction, improvement, betterment, or extension of any undertaking may be authorized under this part.

(2)Bonds may be authorized to be issued under this part by resolution or resolutions of the governing body of the municipality:

(a)without an election; or

(b)when authorized by a majority of the qualified electors voting upon the question at an election conducted in accordance with Title 13, chapter 1, part 4.

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7-7-4426 . Authorization for undertaking and issuance of bonds. (1) The acquisition, purchase, construction, reconstruction, improvement, betterment, or extension of any undertaking may be authorized under this part.
(2) Bonds may be authorized to be issued under this part by resolution or resolutions of the governing body of the municipality:
(a) without an election; or
(b) when authorized by a majority of the qualified electors voting upon the question at an election conducted in accordance with Title 13, chapter 1, part 4.

Montana § 7-7-4426 (Authorization For Undertaking And Issuance Of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

En. Sec. 4, Ch. 126, L. 1939; amd. Sec. 2, Ch. 145, L. 1951; amd. Sec. 2, Ch. 38, L. 1957; amd. Sec. 1, Ch. 52, L. 1963; amd. Sec. 11-106, Ch. 264, L. 1963; amd. Sec. 11, Ch. 158, L. 1971; amd. Sec. 5, Ch. 234, L. 1971; amd. Sec. 4, Ch. 413, L. 1973; R.C.M. 1947, 11-2404(part); amd. Sec. 36, Ch. 387, L. 1995; amd. Sec. 8, Ch. 234, L. 1997; amd. Sec. 109, Ch. 49, L. 2015.