Montana Statutes
§ 7-14-4646 — Series Or Divisions Of Bonds Permitted
7-14-4646 . Series or divisions of bonds permitted.
(1)The commission may issue revenue bonds in series or may divide any issue into one or two or more divisions and fix different maturities or dates of such bonds, fix different rates of interest, or prescribe different terms and conditions for the bonds of the several series or divisions.
(2)It is not necessary that all bonds of the same authorized issue be of the same kind or character, have the same security, or be of the same interest rate, but the terms thereof shall in each case be provided for by the commission at or prior to the issue thereof.
(3)The commission may provide for successive issues or may provide for one maximum issue.
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 7-14-4646 (Series Or Divisions Of Bonds Permitted) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 16, Ch. 223, L. 1951; R.C.M. 1947, 11-3716.
Nearby Sections
15
§ 7-14-1001
Purpose§ 7-14-1002
Transportation Improvement Authority§ 7-14-1003
Commissioners§ 7-14-1004
Cooperation Of County And Municipality§ 7-14-1005
General Powers Of The Authority§ 7-14-1006
Rules§ 7-14-1007
Tax Exemption§ 7-14-102
Repealed§ 7-14-104
Costs Of Discontinuation Of Trafficway§ 7-14-105
Through 7-14-109 Reserved§ 7-14-1101
Local Port Authority§ 7-14-1102
Regional Port Authority