7-15-4507. Sale of bonds. (1) Any bonds issued by the authority may be sold at public or private sale as determined by the authority pursuant to 17-5-107. If the authority conducts a public sale, the bonds may be sold after notice published once at least 10 days prior to the sale in a newspaper having a general circulation in the city and in a financial newspaper.
(2) The bonds may be sold at private sale pursuant to 17-5-107 without any public advertisement.
(3) The bonds may be sold at a price or prices as determined by the authority.
History: En. Sec. 15, Ch. 140, L. 1935; re-en. Sec. 5309.15, R.C.M. 1935; amd. Sec. 37, Ch. 234, L. 1971; R.C.M. 1947, 35-115(part); amd. Sec. 19, Ch. 253, L. 2011.
Structure Montana Code Annotated
Chapter 15. Housing and Construction
Part 45. Municipal Housing Authorities Continued
7-15-4501. Authorization to issue bonds
7-15-4502. Powers related to loans
7-15-4503. Nature of bonded indebtedness
7-15-4504. Bonds and other obligations to be fully negotiable
7-15-4505. Housing authority bonds as legal investments
7-15-4506. Details relating to bonds
7-15-4508. Purchase of bonds by housing authority
7-15-4509. Interim certificates
7-15-4510. Validity and sufficiency of signatures on bonds
7-15-4511. Creation of special funds
7-15-4512. Security for money deposited by housing authority
7-15-4513. through 7-15-4520 reserved
7-15-4521. General powers related to bonds and lease obligations
7-15-4522. Redemption of bonds
7-15-4523. Amendment or abrogation of bond contracts
7-15-4524. Bond provisions related to determination and use of rents and fees
7-15-4525. Bond provisions related to management and use of property
7-15-4526. Power to mortgage property when government financing involved
7-15-4527. Provisions related to breach or default on bonds and bond covenants
7-15-4528. Use of bond trustee
7-15-4529. General remedies of an obligee of a housing authority
7-15-4530. Special remedies of an obligee resulting from mortgage or trust indenture