Montana § 85-8-502 - Resolution For Issuance Of Notes Or Bonds
Full text of Montana Montana Code Annotated § 85-8-502 — Resolution For Issuance Of Notes Or Bonds, with citation guidance and answers to common questions.
§ 85-8-502. Resolution For Issuance Of Notes Or Bonds
Resolution for issuance of notes or bonds. Before the issuance of said notes or bonds, the commissioners shall pass a resolution providing for the issuance of such notes or bonds. Said resolution shall fix the rate of interest which said notes or bonds shall bear, the time of payment, and, if redeemable before maturity, the date thereof; shall prescribe the denominations, not exceeding $1,000, and form thereof; and may provide that both the principal and interest of said notes and bonds shall be payable at some convenient banking house or trust company's office, to be named in said notes or bonds. Such notes or bonds and the coupons attached thereto shall bear the signatures of the president and the secretary of the drainage district. The corporate seal of the drainage district shall be affixed to each of the notes or bonds.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 85-8-502
What does Montana Code Annotated § 85-8-502 cover?
Section 85-8-502 ("Resolution For Issuance Of Notes Or Bonds") is part of the Montana Code Annotated, the codified statutory law of Montana. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Montana § 85-8-502?
A common citation format is "Montana Code Annotated § 85-8-502" (Montana). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Montana law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Montana official source linked on this page or consult a licensed Montana attorney.
How does Montana § 85-8-502 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Montana can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Montana.