85-7-2025. Cancellation of unused bonds. Any bonds which may have been authorized but which have not been sold or deposited as security for funds advanced or to be advanced and against which the state, United States, or any other person, firm, or corporation shall have no claim to or equity in may be canceled by the board of commissioners by appropriate resolution or order. After the cancellation of said bonds, the same shall not be sold or otherwise disposed of and shall be invalid and of no effect, and the board shall have no authority to replace such canceled bonds without an authorization from the members of the district similar to that which provided for their issuance.
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(4).
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