85-9-624. Issuance of bonds -- approval and assessments. (1) For a bond issue to be approved, 40% of the qualified electors must vote thereon and 60% of those voting must approve the issue.
(2) Approval of the bond issue shall authorize the directors to make assessments necessary to pay the principal and interest on bonds issued, as provided in 85-9-601.
(3) The directors shall enter the results of the election in their records.
(4) If otherwise fairly conducted, no irregularities or informalities shall invalidate the election.
(5) Bonds for more than one purpose may be submitted to the electors as a single proposition.
History: En. Sec. 29, Ch. 100, L. 1969; R.C.M. 1947, 89-3429.
Structure Montana Code Annotated
Chapter 9. Conservancy Districts
85-9-602. Notice of public budget hearing
85-9-603. Directors to provide financial information
85-9-604. Collection and investment of assessments
85-9-605. through 85-9-610 reserved
85-9-612. through 85-9-620 reserved
85-9-621. Issuance of bonds -- term and multipurpose bonds
85-9-622. Issuance of bonds -- determination of amount
85-9-623. Issuance of bonds -- resolution and election
85-9-624. Issuance of bonds -- approval and assessments
85-9-625. Issuance of bonds -- details of sale
85-9-627. Interim receipts -- negotiability
85-9-628. Bond registration -- copy to county
85-9-629. Disposition and investment of sale proceeds