20-9-427. Notice of bond election by separate purpose.
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 or impact aid revenue) bonds of the school district in the amount of ______ dollars ($ _____), bearing interest at a rate not more than ______ percent (______%) a year, 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 or impact aid revenue bonds.
History: En. 75-7116 by Sec. 317, Ch. 5, L. 1971; amd. Sec. 40, Ch. 234, L. 1971; amd. Sec. 1, Ch. 176, L. 1973; R.C.M. 1947, 75-7116; amd. Sec. 13, Ch. 500, L. 1981; amd. Sec. 1, Ch. 11, L. 1983; amd. Sec. 42, Ch. 423, L. 1995; amd. Sec. 8, Ch. 492, L. 2003.