7-15-4307. Tax exemption for bonds. Bonds issued under the provisions of this part and part 42 are declared to be issued for an essential public and governmental purpose and, together with interest thereon and income therefrom, shall be exempted from all taxes.
History: En. Sec. 10, Ch. 195, L. 1959; amd. Sec. 11-109, Ch. 264, L. 1963; amd. Sec. 21, Ch. 234, L. 1971; amd. Sec. 4, Ch. 287, L. 1974; amd. Sec. 1, Ch. 532, L. 1977; R.C.M. 1947, 11-3910(part).
Structure Montana Code Annotated
Chapter 15. Housing and Construction
Part 43. Urban Renewal Continued
7-15-4302. Authorization to issue general obligation bonds
7-15-4303. Bonds to be fully negotiable
7-15-4304. Presumption of regularity of bond issuance
7-15-4305. Validity and sufficiency of signatures on bonds
7-15-4306. Bonds as legal investments
7-15-4307. Tax exemption for bonds
7-15-4308. through 7-15-4320 reserved
7-15-4321. Nature of urban renewal bonds
7-15-4322. Details relating to urban renewal bonds
7-15-4323. Redemption of urban renewal bonds
7-15-4324. Special bond provisions when tax increment financing is involved