20-9-427. Notice of bond election by separate purpose.

282 words·~1 min read·/mt/title-20/chapter-9/part-4/20-9-427

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

20-9-427 . Notice of bond election by separate purpose.

(1)A school district bond election must be conducted in accordance with the school election provisions of this title, except that the election notice must be in substantially the following form:

NOTICE OF SCHOOL DISTRICT BOND ELECTION

Notice is hereby given by the trustees of School District No. .............. of.............. County, state of Montana, that pursuant to a certain resolution adopted at a meeting of the board of trustees of the school district held on the.............. day of.............., .............., an election of the registered electors of School District No............... of.............. County, state of Montana, will be held on the.............. day of.............., .............., at.............. for the purpose of voting upon the question of whether or not the trustees may issue and sell (state here: general obligation, oil and natural gas revenue, oil and natural gas revenue for which a tax deficiency is pledged, or impact aid revenue) bonds of the school district in the amount of.............. dollars ($..............), payable semiannually, for the purpose of..............

(here state purpose). The bonds to be issued will be payable in installments over a period not exceeding.............. (state number) years.

The polls will be open from.............. o'clock ......m. and until.............. o'clock ......m. of the election day.

Dated and posted this....... day of.............

.......................................................

Presiding officer, School District No...............

of................... County

Address.............................

(2)If the bonds proposed to be issued are for more than one purpose, then each purpose must be separately stated in the notice, together with the proposed amount of bonds for each purpose.

(3)The notice must specify whether the bonds will be general obligation bonds, oil and natural gas revenue bonds, or impact aid revenue bonds.