Montana Statutes
§ 85-7-2025 — Cancellation Of Unused Bonds
85-7-2025 . Cancellation of unused bonds. Any bonds which may have been authorized but which have not been sold or deposited as security for funds advanced or to be advanced and against which the state, United States, or any other person, firm, or corporation shall have no claim to or equity in may be canceled by the board of commissioners by appropriate resolution or order. After the cancellation of said bonds, the same shall not be sold or otherwise disposed of and shall be invalid and of no effect, and the board shall have no authority to replace such canceled bonds without an authorization from the members of the district similar to that which provided for their issuance.
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Legislative History
En. Sec. 44, Ch. 146, L. 1909; amd. Sec. 13, Ch. 145, L. 1915; re-en. Sec. 7214, R.C.M. 1921; amd. Sec. 9, Ch. 157, L. 1923; re-en. Sec. 7214, R.C.M. 1935; R.C.M. 1947, 89-1707(4).
Nearby Sections
15
§ 85-7-1001
Proceedings For Dissolution Of District§ 85-7-1003
Contents Of Petition§ 85-7-1005
Hearing On Petition, Notice, And Order§ 85-7-1006
Court's Authority At Hearing§ 85-7-1007
Court Decree And Sale Of Assets§ 85-7-1008
Final Decree Of Dissolution -- When Made§ 85-7-102
Evidence Of Title§ 85-7-104
Petition For Organization§ 85-7-105
Order And Notice Of Hearing On Petition§ 85-7-106
Hearing On Petition