85-7-2022. Sale of bonds. Bonds issued under the provisions of this part must be issued, negotiated, and sold by or under the direction of the board of commissioners but may not be sold for less than 97% of par value and accrued interest to the date of delivery. The board may sell the bonds from time to time in quantities necessary and most advantageous to raise money for the purposes for which the bonds were issued.
History: En. Sec. 44, Ch. 146, L. 1909; amd. Sec. 13, Ch. 145, L. 1915; re-en. Sec. 7214, R.C.M. 1921; amd. Sec. 9, Ch. 157, L. 1923; re-en. Sec. 7214, R.C.M. 1935; R.C.M. 1947, 89-1707(1); amd. Sec. 27, Ch. 253, L. 2011.
Structure Montana Code Annotated
Chapter 7. Irrigation Districts
Part 20. Indebtedness, Bonds, and Bankruptcy
85-7-2001. Limitations on debt-incurring power
85-7-2002. through 85-7-2010 reserved
85-7-2011. Exemption of irrigation district property
85-7-2012. Purposes for which bonds may be issued
85-7-2013. Majority vote, petition, and protest requirements
85-7-2014. Procedure after election, petition, or resolution filed
85-7-2015. Effect of contracting with United States
85-7-2020. Details relating to bonds
85-7-2023. Notice of sale of bonds
85-7-2024. Issuance of bonds for direct contract payments
85-7-2025. Cancellation of unused bonds
85-7-2027. Disposition of bond proceeds
85-7-2028. through 85-7-2030 reserved
85-7-2031. Amending or supplementing United States contracts -- effect on indebtedness
85-7-2033. Private sale of bonds
85-7-2034. through 85-7-2040 reserved
85-7-2041. Bankruptcy proceedings by irrigation districts
85-7-2042. Levy of special taxes or assessments by resolution
85-7-2045. Right to protest levy of special taxes or assessments
85-7-2048. Resolution authorizing special taxes or assessments
85-7-2049. Adjournment of hearings on resolutions for special taxes or assessments
85-7-2050. Collection of special taxes or assessments by county treasurer -- delinquencies