7-3-1318. Additional or new deposit security. Whenever for any cause the commission shall deem the bonds or securities of any bank insufficient security for the municipal funds deposited or likely to be deposited therein, the commission shall require new bonds to be given or new securities to be deposited with the treasurer. If any bank shall fail promptly to execute and present such new bonds or deposit such new securities, the treasurer shall at once withdraw all deposits therefrom, and no further deposit of municipal funds shall be made therein until such bank shall have been redesignated by the commission as a depository.
History: En. Sec. 66, Ch. 121, L. 1923; re-en. Sec. 5520.67, R.C.M. 1935; R.C.M. 1947, 11-3507.
Structure Montana Code Annotated
Chapter 3. Alternative Forms of Local Government
Part 13. City-County Consolidation -- Option 2 Continued
7-3-1301. Department of finance
7-3-1303. Monthly financial statements
7-3-1304. Division of audit and accounts
7-3-1306. Division of treasury
7-3-1307. Division of purchases and supplies
7-3-1308. Procedure for purchase, sale, and supply
7-3-1309. Division of assessment
7-3-1310. Limitation on tax levy
7-3-1311. Authority for special taxes and special service districts
7-3-1313. Special taxing districts for indebtedness existing prior to consolidation
7-3-1314. Payment and investigation of claims -- use of warrants
7-3-1315. Certification of certain obligations by finance director
7-3-1316. Designation of depository banks
7-3-1318. Additional or new deposit security
7-3-1319. Deposit of funds with depository banks
7-3-1320. Liability for deposited funds
7-3-1321. Authorization to incur indebtedness -- limitation
7-3-1322. Investment of sinking funds
7-3-1323. Competitive, advertised bidding required for certain contracts
7-3-1324. Alteration of contracts
7-3-1325. Energy performance contracts exempt
7-3-1326. through 7-3-1330 reserved
7-3-1331. Department of public works
7-3-1332. Public works and improvements
7-3-1333. through 7-3-1340 reserved
7-3-1344. Prior rights of law enforcement officers
7-3-1346. Department of health