§ 7-7-4201 Limitation on amount of bonded indebtedness
§ 7-7-4202 Special provisions relating to water and sewer systems
§ 7-7-4203 What constitutes a single purpose
§ 7-7-4204 Nature of general obligation bonds
§ 7-7-4205 Term of general obligation bonds
§ 7-7-4206 Redemption of bonds
§ 7-7-4207 Repealed
§ 7-7-4208 Types of general obligation bonds
§ 7-7-4209 Amortization bonds
§ 7-7-4210 Serial bonds
§ 7-7-4211 Citizen bonds authorized
§ 7-7-4212 Citizen bonds — procedural requirements prior to issuance
§ 7-7-4213 Citizen bonds — procedure when issue not fully subscribed
§ 7-7-4214 Zero-coupon and capital appreciation bonds
§ 7-7-4221 Election on question of incurring indebtedness — exception
§ 7-7-4222 Election required for bond issue relating to water and sewer systems
§ 7-7-4223 Procedure to call election on question of bonded indebtedness
§ 7-7-4224 Petition to request election
§ 7-7-4225 Presentation of petition to city or town clerk — clerk’s certificate
§ 7-7-4226 Resolution to submit question of issuing bonds to voters
§ 7-7-4227 Notice of election
§ 7-7-4228 Repealed
§ 7-7-4229 Repealed
§ 7-7-4230 Repealed
§ 7-7-4231 Repealed
§ 7-7-4232 Repealed
§ 7-7-4233 Repealed
§ 7-7-4234 Repealed
§ 7-7-4235 Percentage of electors required to authorize issuing of bonds
§ 7-7-4236 Resolution to sell bonds pursuant to public sale
§ 7-7-4251 Form of notice of sale of bonds
§ 7-7-4252 Publication of notice of sale
§ 7-7-4253 Repealed
§ 7-7-4254 Procedure for sale of bonds
§ 7-7-4255 Form and execution of bonds
§ 7-7-4256 Printing of bonds
§ 7-7-4257 Registration of bonds
§ 7-7-4258 Copy of bond to be kept by city treasurer
§ 7-7-4259 Delivery of bonds
§ 7-7-4260 Disposition of sale proceeds
§ 7-7-4261 Maintenance of accounts for bond issues
§ 7-7-4262 Payment of principal and interest
§ 7-7-4263 Interest on late payments of principal and interest
§ 7-7-4264 Statement as to amount of principal and interest due and payable on bonds
§ 7-7-4265 Tax levy for payment of bonds
§ 7-7-4266 Procedure in case of insufficient tax levy — individual liability of council members
§ 7-7-4267 Repealed
§ 7-7-4268 Redemption of bonds
§ 7-7-4269 Order of redemption of bonds
§ 7-7-4270 Authority to buy outstanding bonds
§ 7-7-4271 Repealed
§ 7-7-4272 Cancellation of bonds and coupons
§ 7-7-4273 Cancellation of warrants and refunded general obligation bonds
§ 7-7-4274 Closing of accounts and transfer of money to other funds
§ 7-7-4275 Refunding of bond issue held by state by exchange for amortization bonds
lawyer at desk

Ask a legal question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

Terms Used In Montana Code > Title 7 > Chapter 7 > Part 42 - Municipal General Obligation Bonds

  • Amortization: Paying off a loan by regular installments.
  • amortization bonds: as used in this part , means that form of bond on which a part of the principal is required to be paid each time that interest becomes due and payable. See Montana Code 7-7-4209
  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Interest rate: The amount paid by a borrower to a lender in exchange for the use of the lender's money for a certain period of time. Interest is paid on loans or on debt instruments, such as notes or bonds, either at regular intervals or as part of a lump sum payment when the issue matures. Source: OCC
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
  • Property: means real and personal property. See Montana Code 1-1-205
  • serial bonds: as used in this part , means a bond issue payable in annual installments of principal commencing not more than 2 years from the date of issue, any one installment consisting of one or more bonds, with the principal amount of bonds maturing or subject to mandatory sinking fund redemption in each installment, commencing with the installment payable in the fourth year after the date of issue, not exceeding three times the principal amount of the bonds payable in the immediately preceding installment. See Montana Code 7-7-4210
  • Several: means two or more. See Montana Code 1-1-201
  • State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
  • Statute: A law passed by a legislature.
  • Writ: A formal written command, issued from the court, requiring the performance of a specific act.
  • Writ: means an order in writing issued in the name of the state or of a court or judicial officer. See Montana Code 1-1-202