Montana Statutes
§ 7-13-155 — Limitation On Repayment Of Loan To Reserve Fund
Montana·Title 7 LOCAL GOVERNMENT·Ch. 13 UTILITY SERVICES·Part 1 Metropolitan Sanitary and/or Storm Sewer District
7-13-155 . Limitation on repayment of loan to reserve fund. Nothing in 7-13-151 through 7-13-156 permits the repayment of any loan to the reserve fund at any time unless all interest theretofore accrued on the bonds has been fully paid and all principal theretofore agreed to be paid in accordance with such redemption schedule as may be provided in the resolution or resolutions authorizing such bonds has been paid.
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Legislative History
En. 16-4417 by Sec. 4, Ch. 165, L. 1965; R.C.M. 1947, 16-4417(part); amd. Sec. 19, Ch. 251, L. 1979.
Nearby Sections
15
§ 7-13-106
Resolution Of Concurrence§ 7-13-108
Right To Protest§ 7-13-109
Sufficient Protest To Bar Proceedings§ 7-13-110
Hearing On Protest§ 7-13-113
Change Of Boundaries -- Limitations§ 7-13-115
Adequate Records To Be Maintained