7-7-4311. Procedure to issue refunding general obligation bonds. In order to issue bonds to refund bonds theretofore issued and outstanding, it shall only be necessary for the council, at a regular or duly called special meeting, to pass and adopt a resolution setting forth the facts with regard to the indebtedness to be refunded, showing the reason for issuing such refunding bonds and fixing and determining the details thereof, including whether the bonds will be sold at a private negotiated sale or public sale.
History: En. Sec. 1, Ch. 160, L. 1931; amd. Sec. 1, Ch. 100, L. 1933; ; re-en. Sec. 5278.1, R.C.M. 1935; amd. Sec. 1, Ch. 12, L. 1937; amd. Sec. 1, Ch. 108, L. 1937; amd. Sec. 1, Ch. 15, L. 1943; amd. Sec. 1, Ch. 62, L. 1945; amd. Sec. 1, Ch. 413, L. 1973; R.C.M. 1947, 11-2301(part); amd. Sec. 3, Ch. 647, L. 1983.
Structure Montana Code Annotated
Part 43. Municipal Refunding General Obligation Bonds
7-7-4301. Authorization to issue refunding general obligation bonds
7-7-4302. Applicability of certain other bond provisions
7-7-4303. Term of refunding general obligation bonds
7-7-4304. Interest rate on refunding general obligation bonds
7-7-4305. through 7-7-4310 reserved
7-7-4311. Procedure to issue refunding general obligation bonds
7-7-4312. Disposition of proceeds of refunding bonds