23 chapters · 3,005 sections in this title.
Mont. Code Ann. § 7-14-2527 Amortization Bonds
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(1) The term "amortization bonds" means that form of bond on which a part of the principal is required to be paid each time interest becomes due and payable. (2) The part payment of principal increases with each following installment in the same amount the interest payment decrea…
Mont. Code Ann. § 7-14-2528 Serial Bonds
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(1) The term "serial bonds" means a bond issue payable in equal annual installments, one installment consisting of one or more bonds becoming due and payable each year. (2) The amount to be paid and redeemed each year shall be determined by dividing the total amount of the bonds …
Mont. Code Ann. § 7-14-2529 Payment Of Interest
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Interest shall be payable semiannually.
Mont. Code Ann. § 7-14-2530 Redemption Of Bonds Authorized
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(1) All bonds issued for a term longer than 5 years shall be redeemable, at the option of the county, 5 years after the date of issue and on any payment due date thereafter before maturity. (2) This statement shall appear on the face of each bond.