7-15-4523. Amendment or abrogation of bond contracts. In connection with the issuance of bonds and/or the incurring of any obligation under a lease and in order to secure the payment of such bonds and/or obligations, the authority shall have power to prescribe the procedure, if any, by which the terms of any contract with bondholders may be amended or abrogated, the amount of bonds the holders of which must consent thereto, and the manner in which such consent may be given.
History: En. Sec. 16, Ch. 140, L. 1935; re-en. Sec. 5309.16, R.C.M. 1935; R.C.M. 1947, 35-116(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