{"data":{"id":"us-mt/7-7-4206","jurisdiction":"us-mt","citation":"7-7-4206","heading":"Redemption of bonds.","body":"Other than refunding bonds, all bonds issued for a longer term than 5 years must be redeemable at the option of the city or town on any interest payment date after one-half of the term for which they were issued has expired, and the redemption option must be recited in the bonds.","path":["TITLE 7. LOCAL GOVERNMENT","CHAPTER 7. DEBT MANAGEMENT","Part 42. Municipal General Obligation Bonds"],"source_url":"https://mca.legmt.gov/bills/mca/title_0070/chapter_0070/part_0420/section_0060/0070-0070-0420-0060.html","current_through":"Montana Code Annotated 2025","vintage":"","retrieved_at":"2026-09-14T04:45:00Z","sha256":"498a3d9a763b31cc1771cc45dda2c64aeb21eb2fdb0409c32856c862dcebc722","source_id":"us-mt","stale":false,"prev":"us-mt/7-7-4205","next":"us-mt/7-7-4207"},"notice":"GroundRules: Original legal text. Not legal advice."}