7-7-2272. Cancellation of bonds and coupons. (1) (a) All bonds and interest coupons paid by the county treasurer from time to time must be canceled by the treasurer, and after cancellation, the treasurer shall deliver the bonds and coupons to the county clerk, with a report showing the numbers of bonds and the amounts paid as principal and interest. The county treasurer shall enter on the record of the registration of the bonds the date of the payment of the bonds and the coupons attached to the bonds.
(b) The county clerk shall exhibit the bonds and coupons, with the report, to the board of county commissioners at its next regular meeting.
(2) (a) When any bonds have been or are purchased with any sinking and interest fund money under the provisions of 7-7-2270, the bonds, with attached interest coupons, if not in the possession of the county treasurer, must be immediately delivered to the treasurer. The county treasurer shall at once endorse across the face of each bond the word "Paid" and the date and shall sign the endorsement. The treasurer shall, without detaching the coupons, cancel each interest coupon attached to the bonds by endorsing across the face of the coupon the word "Canceled" and the date and shall sign the endorsement. After making the endorsements on the bonds and coupons, the county treasurer shall enter on the record of registration the date the bonds and coupons were endorsed as being paid and canceled, with the numbers and amounts of the bonds and coupons and the dates when the bonds and coupons would have become due and payable if they had not been purchased. The county treasurer shall then deliver the bonds, with the canceled coupons attached, to the county clerk, with a report showing the numbers of the bonds and amount paid on the purchase of the bonds.
(b) The county clerk shall exhibit the bonds, with attached coupons and report, to the board at its next regular session.
History: (1)En. Sec. 31, Ch. 188, L. 1931; re-en. Sec. 4630.31, R.C.M. 1935; Sec. 16-2045, R.C.M. 1947; (2)En. Sec. 30, Ch. 188, L. 1931; re-en. Sec. 4630.30, R.C.M. 1935; amd. Sec. 2, Ch. 46, L. 1939; amd. Sec. 1, Ch. 12, L. 1963; Sec. 16-2044, R.C.M. 1947; R.C.M. 1947, 16-2044(part), 16-2045(part); amd. Sec. 504, Ch. 61, L. 2007.
Structure Montana Code Annotated
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
7-7-2212. 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
7-7-2237. 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
7-7-2254. Procedure for sale of bonds
7-7-2255. Form and execution of bonds
7-7-2257. Registration of bonds
7-7-2258. Copy of bond to be kept by county treasurer
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
7-7-2269. Order of redemption of bonds
7-7-2270. Authority to purchase outstanding bonds
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