7-7-4312. Disposition of proceeds of refunding bonds. Whenever bonds are issued for the purpose of funding outstanding warrants or refunding outstanding bonds, it shall be the duty of the city treasurer or town clerk to apply the proceeds derived from the sale of such bonds to the payment of such funded warrants or refunded bonds.
History: En. Sec. 28, Ch. 160, L. 1931; re-en. Sec. 5278.28, R.C.M. 1935; R.C.M. 1947, 11-2328(part).
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