7-7-4621. Resolution for issuance of refunding revenue bonds. (1) The refunding bonds shall be authorized by resolution of the governing body of the municipality. Such resolution may be adopted at a regular or special meeting and at the same meeting at which they are introduced by a majority of all the members of the governing body then in office. Such resolution shall take effect immediately upon the adoption thereof.
(2) No other proceedings or procedure of any character whatever shall be required for the issuance of refunding bonds by the municipality.
History: En. Sec. 4, Ch. 121, L. 1937; R.C.M. 1947, 79-1904.
Structure Montana Code Annotated
Part 46. Municipal Refunding Revenue Bonds Option 2
7-7-4604. Interpretation of part
7-7-4605. Authorization for refinancing and refunding revenue bonds
7-7-4606. Nature of refunding revenue bonds
7-7-4607. Exemption from certain taxes for refunding revenue bonds
7-7-4608. Refunding revenue bonds to be fully negotiable
7-7-4609. Presumptions of validity of refunding revenue bonds
7-7-4610. Details relating to refunding revenue bonds
7-7-4611. through 7-7-4620 reserved
7-7-4621. Resolution for issuance of refunding revenue bonds
7-7-4622. Permissible covenants for refunding revenue bonds
7-7-4623. Security for refunding revenue bonds
7-7-4625. Sale or exchange of refunding revenue bonds
7-7-4626. Details relating to sales of refunding revenue bonds
7-7-4627. Details relating to exchanges of refunding revenue bonds
7-7-4629. Management of enterprise
7-7-4630. Right to receivership upon default
7-7-4632. Procedure to return enterprise from receiver to municipality