Montana § 85-9-623 - Issuance Of Bonds -- Resolution And Election
Full text of Montana Montana Code Annotated § 85-9-623 — Issuance Of Bonds -- Resolution And Election, with citation guidance and answers to common questions.
§ 85-9-623. Issuance Of Bonds -- Resolution And Election
Issuance of bonds -- resolution and election. When the directors find it necessary to issue bonds, the directors shall: (1) pass a resolution that includes: (a) the purpose or purposes for which the bonds will be issued; (b) the maximum amount and term of the bonds; (c) the maximum interest rate that the bonds will bear; and (d) whether the bonds will be repaid from revenue, assessments, or both; (2) give notice in accordance with 7-1-2121 that must include the resolution adopted by the directors and the location of polling places unless the election is conducted by mail ballot, as provided in Title 13, chapter 19; and (3) hold an election conducted in accordance with Title 13, chapter 1, part 5.
Source: official Montana text · Last verified 2026-08-27
Frequently Asked Questions About Montana § 85-9-623
What does Montana Code Annotated § 85-9-623 cover?
Section 85-9-623 ("Issuance Of Bonds -- Resolution And Election") 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 § 85-9-623?
A common citation format is "Montana Code Annotated § 85-9-623" (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 § 85-9-623 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.