Montana Code 85-7-1436. Sale of bonds
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85-7-1436. Sale of bonds. (1) Bonds authorized to be issued may be sold at a price not less than 97% of face value if the issuer determines that the sale is in the best interests of the irrigation district.
Terms Used In Montana Code 85-7-1436
- Irrigation district: means a district created pursuant to Title 85, chapter 7, part 1. See Montana Code 85-7-1402
- Issuer: means the board of commissioners of an irrigation district or a board of control created pursuant to Title 85, chapter 7, part 16. See Montana Code 85-7-1402
(2)The bonds may be sold at public or private sale as determined by the irrigation district pursuant to 17-5-107.