23 chapters · 3,005 sections in this title.
Mont. Code Ann. § 7-12-4247 Details Relating To Bonds
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(1) The bonds may mature at one time, not exceeding the maximum maturity of the assessments to be levied for the improvement, or may mature in installments at various times during the term of the assessments, but the bonds may not mature later than 10 years from the date of issua…
Mont. Code Ann. § 7-12-4248 Operation And Use Of Supplemental Revolving Fund
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(1) Money in the supplemental revolving fund shall first be loaned to the various district funds whose bonds are guaranteed under 7-12-4241 through 7-12-4258 to make up any deficiency in such funds. (2) In event of any further deficiency in such funds, the money in the revolving …
Mont. Code Ann. § 7-12-4249 Meaning Of Term Deficiency
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A deficiency shall exist in any district fund whenever principal and interest is due and there is no money in the fund to pay the same.
Mont. Code Ann. § 7-12-4250 Obligations Of Municipalities To Bondholders
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All agreements, conditions, covenants, or restrictions in the ordinance creating the supplemental revolving fund, in the resolution determining that the improvement is of a character for which bonds may be issued under 7-12-4241 through 7-12-4258, and in the resolution authorizin…