Montana Code Annotated
Part 22. County General Obligation Bonds
7-7-2254. Procedure for sale of bonds

7-7-2254. Procedure for sale of bonds. (1) Any bonds issued under the authority of this part may be sold at public or private sale as determined by the board of county commissioners pursuant to 17-5-107. If the board of county commissioners conducts a public sale, it shall meet at the time and place fixed in the notice to consider bids for the bonds.
(2) The bonds may not be sold at less than the minimum bid specified for their sale with accrued interest to date of delivery, and each bidder shall specify the rate of interest and the purchase price at which the bidder will purchase the bonds. The board shall accept the bid that it judges most advantageous to the county. The board may reject any bids and sell the bonds at private sale if the board considers it in the best interests of the county.
(3) Consultant fees and attorney fees may be paid to any person or corporation for assisting in the proceedings, preparation of the bonds, or negotiating the sale of the bonds.
History: En. Sec. 18, Ch. 188, L. 1931; re-en. Sec. 4630.18, R.C.M. 1935; amd. Sec. 9, Ch. 234, L. 1971; R.C.M. 1947, 16-2032; amd. Sec. 3, Ch. 631, L. 1983; amd. Sec. 7, Ch. 423, L. 1995; amd. Sec. 6, Ch. 253, L. 2011.

Structure Montana Code Annotated

Montana Code Annotated

Title 7. Local Government

Chapter 7. Debt Management

Part 22. County General Obligation Bonds

7-7-2201. Purposes for which general obligation bonds of county may be issued

7-7-2202. Authority to issue general obligation bonds to satisfy judgments

7-7-2203. Limitation on amount of bonded indebtedness

7-7-2204. Effect of issuing bonds in excess of limitations on amount

7-7-2205. Nature of general obligation bonds

7-7-2206. Term of general obligation bonds

7-7-2207. Redemption of bonds

7-7-2208. Repealed

7-7-2209. Types of bonds

7-7-2210. Amortization bonds

7-7-2211. Serial bonds

7-7-2212. Citizen bonds authorized

7-7-2213. Citizen bonds -- procedural requirements prior to issuance

7-7-2214. Citizen bonds -- procedure when issue not fully subscribed

7-7-2215. Zero-coupon bonds and capital appreciation bonds

7-7-2216. through 7-7-2220 reserved

7-7-2221. Issuance of certain general obligation bonds without election

7-7-2222. Procedure to issue bonds without election

7-7-2223. Election required for issuance of certain bonds

7-7-2224. Form and contents of petition

7-7-2225. Filing of petition with election administrator -- certificate

7-7-2226. Delivery of certified petition to board of county commissioners

7-7-2227. Examination of petition -- resolution calling for election

7-7-2228. Repealed

7-7-2229. Notice of election

7-7-2230. Repealed

7-7-2231. Repealed

7-7-2232. Repealed

7-7-2233. Repealed

7-7-2234. Repealed

7-7-2235. Repealed

7-7-2236. Repealed

7-7-2237. Percentage of electors required to authorize bond issue

7-7-2238. Resolution to sell bonds pursuant to public sale

7-7-2239. Rescission of resolution authorizing bond issue

7-7-2240. through 7-7-2250 reserved

7-7-2251. Form of notice of sale of bonds

7-7-2252. Publication of notice of sale of bonds

7-7-2253. Repealed

7-7-2254. Procedure for sale of bonds

7-7-2255. Form and execution of bonds

7-7-2256. Printing of bonds

7-7-2257. Registration of bonds

7-7-2258. Copy of bond to be kept by county treasurer

7-7-2259. Delivery of bonds

7-7-2260. Disposition of sale proceeds

7-7-2261. Maintenance of accounts for bond issues

7-7-2262. Payment of principal and interest

7-7-2263. Interest on late payments of principal and interest on bonds held by state

7-7-2264. Statement as to amount of principal and interest due and payable on bonds

7-7-2265. Tax levy for payment of bonds

7-7-2266. Procedure in case of insufficient tax levy -- individual liability of county commissioners

7-7-2267. Repealed

7-7-2268. Redemption of bonds

7-7-2269. Order of redemption of bonds

7-7-2270. Authority to purchase outstanding bonds

7-7-2271. Repealed

7-7-2272. Cancellation of bonds and coupons

7-7-2273. Cancellation of warrants and refunded general obligation bonds

7-7-2274. Closing of accounts and transfer of money to other accounts

7-7-2275. Repealed