7-7-4224. Petition to request election. (1) A petition asking that an election be held on the question of issuing bonds must be signed by not less than 20% of the qualified electors of the city or town. The petition must give the street and house number, if any, and the voting precinct of each person signing the petition.
(2) Each petition for the calling of an election to vote upon the question of issuing bonds must plainly and clearly state the purpose or purposes for which it is proposed to issue bonds and must contain an estimate of the amount necessary to be issued for the purpose or purposes. There may be a separate petition for each purpose, or two or more purposes may be combined in one petition if each purpose, with an estimate of the amount of bonds to be issued, is separately stated in the petition.
(3) The petition may consist of one sheet or of several sheets, identical in form and fastened together after being circulated and signed so as to form a single complete petition before being delivered to the city or town clerk as provided in this part.
(4) Only persons who are qualified to sign petitions are qualified to circulate the petitions, and there must be attached to the completed petition the affidavit of some person who circulated or assisted in circulating the petition that the person believes the signatures on the petition are genuine and that the signers knew the contents of the petition before signing the petition.
History: En. Sec. 6, Ch. 160, L. 1931; re-en. Sec. 5278.6, R.C.M. 1935; amd. Sec. 2, Ch. 108, L. 1937; amd. Sec. 2, Ch. 15, L. 1943; amd. Sec. 9, Ch. 158, L. 1971; amd. Sec. 2, Ch. 413, L. 1973; R.C.M. 1947, 11-2306(part); amd. Sec. 507, Ch. 61, L. 2007.
Structure Montana Code Annotated
Part 42. Municipal General Obligation Bonds
7-7-4201. Limitation on amount of bonded indebtedness
7-7-4202. Special provisions relating to water and sewer systems
7-7-4203. What constitutes a single purpose
7-7-4204. Nature of general obligation bonds
7-7-4205. Term of general obligation bonds
7-7-4208. Types of general obligation bonds
7-7-4211. Citizen bonds authorized
7-7-4212. Citizen bonds -- procedural requirements prior to issuance
7-7-4213. Citizen bonds -- procedure when issue not fully subscribed
7-7-4214. Zero-coupon and capital appreciation bonds
7-7-4215. through 7-7-4220 reserved
7-7-4221. Election on question of incurring indebtedness -- exception
7-7-4222. Election required for bond issue relating to water and sewer systems
7-7-4223. Procedure to call election on question of bonded indebtedness
7-7-4224. Petition to request election
7-7-4225. Presentation of petition to city or town clerk -- clerk's certificate
7-7-4226. Resolution to submit question of issuing bonds to voters
7-7-4235. Percentage of electors required to authorize issuing of bonds
7-7-4236. Resolution to sell bonds pursuant to public sale
7-7-4237. through 7-7-4250 reserved
7-7-4251. Form of notice of sale of bonds
7-7-4252. Publication of notice of sale
7-7-4254. Procedure for sale of bonds
7-7-4255. Form and execution of bonds
7-7-4257. Registration of bonds
7-7-4258. Copy of bond to be kept by city treasurer
7-7-4260. Disposition of sale proceeds
7-7-4261. Maintenance of accounts for bond issues
7-7-4262. Payment of principal and interest
7-7-4263. Interest on late payments of principal and interest
7-7-4264. Statement as to amount of principal and interest due and payable on bonds
7-7-4265. Tax levy for payment of bonds
7-7-4266. Procedure in case of insufficient tax levy -- individual liability of council members
7-7-4269. Order of redemption of bonds
7-7-4270. Authority to buy outstanding bonds
7-7-4272. Cancellation of bonds and coupons
7-7-4273. Cancellation of warrants and refunded general obligation bonds
7-7-4274. Closing of accounts and transfer of money to other funds
7-7-4275. Refunding of bond issue held by state by exchange for amortization bonds