7-31-114. Disposition of sale proceeds -- sanitary coupon bond fund. The proceeds of the sales of bonds:
(1) shall be paid over to the county treasurer, the city treasurer, or the town clerk, as the case may be, and kept as a separate and independent fund for the purposes herein provided, to be known as the sanitary coupon bond fund; and
(2) shall be deposited and kept in such a manner and at such bank or banks as the board of county commissioners of the county or council of the city or town owning such funds may direct.
History: En. Sec. 8, p. 145, L. 1893; re-en. Sec. 4838, Pol. C. 1895; re-en. Sec. 3437, Rev. C. 1907; re-en. Sec. 5296, R.C.M. 1921; re-en. Sec. 5296, R.C.M. 1935; R.C.M. 1947, 11-2508(part).
Structure Montana Code Annotated
Chapter 31. General Emergency and Protective Services
7-31-101. Authorization for smoke abatement program
7-31-102. Petition for smoke abatement program
7-31-103. Contract for smoke abatement
7-31-105. Modification of contract
7-31-106. Authorization for county to issue bonds -- election required
7-31-107. Authorization for municipality to issue bonds -- election required
7-31-111. Cost of election in case of voter disapproval
7-31-112. Details relating to bonds
7-31-113. Disposition of bonds
7-31-114. Disposition of sale proceeds -- sanitary coupon bond fund