7-14-4646. Series or divisions of bonds permitted. (1) The commission may issue revenue bonds in series or may divide any issue into one or two or more divisions and fix different maturities or dates of such bonds, fix different rates of interest, or prescribe different terms and conditions for the bonds of the several series or divisions.
(2) It is not necessary that all bonds of the same authorized issue be of the same kind or character, have the same security, or be of the same interest rate, but the terms thereof shall in each case be provided for by the commission at or prior to the issue thereof.
(3) The commission may provide for successive issues or may provide for one maximum issue.
History: En. Sec. 16, Ch. 223, L. 1951; R.C.M. 1947, 11-3716.
Structure Montana Code Annotated
7-14-4601. Findings and purpose
7-14-4603. Creation of parking commission authorized
7-14-4604. Public nature of parking commission
7-14-4605. Determination of need to create parking commission
7-14-4606. Resolution of need required
7-14-4607. Resolution for parking commission to function
7-14-4608. Adoption of resolutions -- jurisdictional area
7-14-4609. Appointment of commission
7-14-4611. Removal of parking commission member
7-14-4612. Organization and operation of commission
7-14-4613. Funds for administrative purposes of parking commission
7-14-4614. Annual audit of financial affairs of parking commission
7-14-4615. Reports on commission transactions
7-14-4616. Termination of parking commission due to inaction -- windup of commission affairs
7-14-4617. through 7-14-4620 reserved
7-14-4621. General powers of parking commission
7-14-4622. Powers of parking commission related to provision of parking services
7-14-4623. Transfer of parking commission property to municipality
7-14-4624. Powers of commission related to financial management
7-14-4625. Limitation on employment powers
7-14-4626. Limitation on power of eminent domain
7-14-4627. Leasing of surplus or uneconomical space for incidental purposes
7-14-4628. Nature of onstreet parking regulations
7-14-4629. Manner of operating parking facility
7-14-4630. Notice for bids to lease parking facility
7-14-4631. Compliance with land use laws required
7-14-4632. Cooperation with other municipal offices
7-14-4634. Charges for use of parking facilities
7-14-4635. Authority to establish lien on charges for payment of bonds
7-14-4636. through 7-14-4640 reserved
7-14-4641. Authority to issue revenue bonds
7-14-4642. Election required to issue revenue bonds
7-14-4643. Sources of revenue for payment of revenue bonds
7-14-4644. Restrictions on use of reserve to make payments on revenue bonds
7-14-4645. Power to determine terms and conditions of revenue bonds
7-14-4646. Series or divisions of bonds permitted
7-14-4647. Interest on revenue bonds
7-14-4648. Payment of principal and interest
7-14-4649. Maturity dates of revenue bonds
7-14-4650. Signatures on bonds
7-14-4651. Redemption of revenue bonds
7-14-4652. Details relating to sale of revenue bonds
7-14-4653. Temporary or interim bonds
7-14-4654. Exemption from certain state taxes
7-14-4655. Authorization to enter into indentures
7-14-4656. Contents of indenture
7-14-4657. Special provisions relating to indenture clause dealing with amendment and modification
7-14-4658. Incorporation by reference of indenture in all contracts
7-14-4659. Funding and refunding bonds authorized
7-14-4660. Expenses which may be paid by means of funding or refunding bonds
7-14-4661. Bonds to be negotiable
7-14-4662. Bonds as legal investments
7-14-4663. Authorization to designate trustee for bondholders
7-14-4665. Role of appointed receiver
7-14-4666. Exemption from execution for property of parking commission -- exception