Section 3.12.010 Purpose.
The purpose of these provisions is to create and establish
a special improvement district
revolving fund for the purposes and in order to secure prompt payment of special improvement
district bonds or warrants and the interest thereon of special improvement districts hereafter
created and for the purpose of purchasing property at sales of delinquent taxes or assessments or
both, or which may have been or may be struck off or sold to the county of Ravalli, Montana, for
delinquent taxes or assessments or both and against which there may be unpaid assessments or
taxes for special improvements on account whereof there are outstanding special improvement
district bonds or warrants, whenever there is an amount in excess of the amount which the
council deems necessary for the payment of redemption of such maturing bonds, or warrants or
interest thereon. (Prior code § 3.04.010)
