7-7-4426. Authorization for undertaking and issuance of bonds. (1) The acquisition, purchase, construction, reconstruction, improvement, betterment, or extension of any undertaking may be authorized under this part.
(2) Bonds may be authorized to be issued under this part by resolution or resolutions of the governing body of the municipality:
(a) without an election; or
(b) when authorized by a majority of the qualified electors voting upon the question at an election conducted in accordance with Title 13, chapter 1, part 4.
History: En. Sec. 4, Ch. 126, L. 1939; amd. Sec. 2, Ch. 145, L. 1951; amd. Sec. 2, Ch. 38, L. 1957; amd. Sec. 1, Ch. 52, L. 1963; amd. Sec. 11-106, Ch. 264, L. 1963; amd. Sec. 11, Ch. 158, L. 1971; amd. Sec. 5, Ch. 234, L. 1971; amd. Sec. 4, Ch. 413, L. 1973; R.C.M. 1947, 11-2404(part); amd. Sec. 36, Ch. 387, L. 1995; amd. Sec. 8, Ch. 234, L. 1997; amd. Sec. 109, Ch. 49, L. 2015.
Structure Montana Code Annotated
Part 44. Municipal Revenue Bonds
7-7-4403. Interpretation of part
7-7-4404. Authority to acquire, construct, maintain, and operate various undertakings
7-7-4406. Cooperation among municipalities
7-7-4407. Role of state agencies
7-7-4408. through 7-7-4420 reserved
7-7-4421. Authority to issue revenue bonds
7-7-4422. Determination of cost
7-7-4423. Nature of revenue bonds
7-7-4424. Undertakings to be self-supporting
7-7-4425. Use of revenue from undertaking
7-7-4426. Authorization for undertaking and issuance of bonds
7-7-4428. Covenants in resolution authorizing issuance of bonds
7-7-4430. Presumptions of validity of bonds
7-7-4431. Liens arising from bonds
7-7-4432. Details relating to revenue bonds