7-7-2311. Issuance of refunding general obligation bonds without election. Bonds may be issued without submitting the same to an election if the bonds are issued for the purpose of:
(1) refunding, paying, and redeeming optional, redeemable, or maturing bonds as set forth in 7-7-2301(1); and
(2) refunding any bonds for which the holders have agreed to accept less than the full amount of principal and interest in full payment and satisfaction as set forth in 7-7-2301(2).
History: En. Sec. 6, Ch. 188, L. 1931; re-en. Sec. 4630.6, R.C.M. 1935; amd. Sec. 4, Ch. 135, L. 1937; amd. Sec. 2, Ch. 33, L. 1943; R.C.M. 1947, 16-2013(part).
Structure Montana Code Annotated
Part 23. County Refunding General Obligation Bonds
7-7-2301. Authority to issue refunding general obligation bonds
7-7-2302. Applicability of certain other bond provisions
7-7-2303. Term of refunding general obligation bonds
7-7-2304. Interest rate on refunding general obligation bonds
7-7-2305. through 7-7-2310 reserved
7-7-2311. Issuance of refunding general obligation bonds without election
7-7-2312. Disposition of proceeds of refunding bonds