7-15-4508. Purchase of bonds by housing authority. (1) The authority shall have power out of any funds available therefor to purchase any bonds issued by it at a price not more than the principal amount thereof and the accrued interest; provided, however, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased out of any such revenues available therefor. All bonds so purchased shall be canceled.
(2) This section shall not apply to the redemption of bonds.
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).
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