7-34-2415. Details of bonds. (1) The bonds may be sold at public or private sale and bear interest at a rate or rates as provided in 17-5-102. The bonds may be for a 40-year period.
(2) Except as otherwise provided in 7-34-2411 and 7-34-2413 through 7-34-2418, any bonds issued pursuant to 7-34-2411 and 7-34-2413 through 7-34-2418 by a county must be payable as to principal and interest solely from revenue of the county and must state on their face the applicable limitations or restrictions regarding the source or sources from which the principal and interest are payable.
History: En. 16-1045 by Sec. 1, Ch. 511, L. 1975; amd. Sec. 1, Ch. 513, L. 1977; R.C.M. 1947, 16-1045(part); amd. Sec. 9, Ch. 500, L. 1981; amd. Sec. 1, Ch. 11, L. 1983; amd. Sec. 29, Ch. 370, L. 1987; amd. Sec. 14, Ch. 520, L. 1995.
Structure Montana Code Annotated
Chapter 34. Medical Services and Boarding Homes for the Aged
Part 24. Financing of County-Operated Health Care Facilities
7-34-2401. Depletion allowance reserve fund authorized
7-34-2402. Sources of money for depletion allowance reserve fund
7-34-2403. Accumulation of reserve fund
7-34-2404. Investment of reserve fund
7-34-2405. through 7-34-2410 reserved
7-34-2411. County health care facility bonds authorized
7-34-2413. Limitations on bond authority
7-34-2414. Election required on question of issuance of bonds
7-34-2416. Tax-exempt status of bonds