85-9-630. Refunding bonds. (1) Refunding bonds may be issued in the same way as any other bonds authorized by this chapter.
(2) All bonds, original issue or refunding issue, shall be redeemable when one-half of the term or 10 years of the term for which they were issued, whichever may be the less, has expired. Redemption may be made on any interest due date of any bond prior to its maturity after the bond shall be subject to redemption as herein provided. The right of redemption, as herein provided, must be stated on the face of each bond.
History: En. Sec. 35, Ch. 100, L. 1969; R.C.M. 1947, 89-3435.
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