7-7-4431. Liens arising from bonds. The resolution or resolutions shall specify and define the revenues or portion thereof which are appropriated and pledged for the security and payment of the bond principal and interest and the relative security of liens on the revenues in favor of bonds of one or more series or issues, whether issued concurrently or at different times.
History: En. Sec. 7, Ch. 126, L. 1939; amd. Sec. 2, Ch. 52, L. 1949; R.C.M. 1947, 11-2407.
Structure Montana Code Annotated
Part 44. Municipal Revenue Bonds
7-7-4403. Interpretation of part
7-7-4404. Authority to acquire, construct, maintain, and operate various undertakings
7-7-4406. Cooperation among municipalities
7-7-4407. Role of state agencies
7-7-4408. through 7-7-4420 reserved
7-7-4421. Authority to issue revenue bonds
7-7-4422. Determination of cost
7-7-4423. Nature of revenue bonds
7-7-4424. Undertakings to be self-supporting
7-7-4425. Use of revenue from undertaking
7-7-4426. Authorization for undertaking and issuance of bonds
7-7-4428. Covenants in resolution authorizing issuance of bonds
7-7-4430. Presumptions of validity of bonds
7-7-4431. Liens arising from bonds
7-7-4432. Details relating to revenue bonds