7-13-2321. Procedure to incur bonded indebtedness. (1) Whenever the board of directors considers it necessary for the district to incur a bonded indebtedness, other than for indebtedness to refund bonded indebtedness as provided for in 7-13-2332 or revenue or special indebtedness incurred pursuant to 7-13-2333, it shall by resolution state the purpose for the proposed debt, the land within the district to be benefited, the amount of debt to be incurred, the maximum term for the proposed bonds before maturity, and the proposition to be submitted to the qualified electors.
(2) If no qualified electors reside in the district at the time of adoption of the resolution or if the proposition is approved by all of the real property owners in the district to be benefited in a certificate of approval to be presented to the board of directors, the board of directors may incur the bonded indebtedness without an election. The board of directors may by resolution, at times that it considers proper, provide for the form and execution of the bonds and for their issuance.
History: En. Sec. 17, Ch. 242, L. 1957; amd. Sec. 26, Ch. 234, L. 1971; R.C.M. 1947, 16-4517(part); amd. Sec. 5, Ch. 518, L. 1995; amd. Sec. 8, Ch. 341, L. 2005; amd. Sec. 137, Ch. 49, L. 2015.
Structure Montana Code Annotated
Part 23. County Water and/or Sewer Districts Continued
7-13-2301. Establishment of charges for services -- payment of charges
7-13-2302. Levy of taxes to meet bond obligations and other expenses
7-13-2303. Methods of assessment
7-13-2304. Notice of intention to levy tax
7-13-2305. Legal sufficiency of notice
7-13-2306. Contents of notice -- hearing and protest
7-13-2307. Hearing on protest to levy of tax
7-13-2308. Payment of tax under protest -- action to recover
7-13-2309. Collection of taxes
7-13-2311. Designation of fund depositary
7-13-2312. through 7-13-2320 reserved
7-13-2321. Procedure to incur bonded indebtedness
7-13-2323. Election on question of incurring bonded indebtedness
7-13-2324. Notice of election on incurring bonded indebtedness
7-13-2325. Qualifications to vote on question of incurring bonded indebtedness
7-13-2327. Entry of bond election results
7-13-2328. Sufficient vote required to issue bonds
7-13-2330. Status of bonds -- tax exemption
7-13-2331. Issuance of general obligation bonds
7-13-2332. Issuance of refunding bonds without election
7-13-2333. Issuance of revenue or special assessment bonds without election
7-13-2334. through 7-13-2339 reserved
7-13-2340. Correction of erroneous property description
7-13-2341. Addition of land to district -- election required -- effect on land and district
7-13-2342. Consolidation of county water and/or sewer districts -- election required
7-13-2343. Exclusion of land from district -- initiated by petition
7-13-2344. Details relating to petition to exclude land from district
7-13-2345. Hearing and notice on petition to exclude land
7-13-2346. Decision on petition to exclude land
7-13-2347. Effect of order excluding land
7-13-2348. Exclusion of land from district -- initiated by board of directors
7-13-2349. Establishment of subdistricts