7-15-4321. Nature of urban renewal bonds. Bonds issued under 7-15-4301 shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction and shall be subject only to the provisions of the Uniform Commercial Code and the limitations of this part and part 42.
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