Montana Statutes

§ 7-15-4321 — Nature Of Urban Renewal Bonds

Montana·Title 7 LOCAL GOVERNMENT·Ch. 15 HOUSING AND CONSTRUCTION·Part 43 Urban Renewal Continued
7-15-4321 . Nature of urban renewal bonds. Bonds issued under 7-15-4301 shall not constitute an indebtedness within the meaning of any constitutional or statutory debt limitation or restriction and shall be subject only to the provisions of the Uniform Commercial Code and the limitations of this part and part 42.

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Legislative History

En. Sec. 10, Ch. 195, L. 1959; amd. Sec. 11-109, Ch. 264, L. 1963; amd. Sec. 21, Ch. 234, L. 1971; amd. Sec. 4, Ch. 287, L. 1974; amd. Sec. 1, Ch. 532, L. 1977; R.C.M. 1947, 11-3910(part).

Nearby Sections

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