Montana Statutes
§ 7-15-4502 — Powers Related To Loans
Montana·Title 7 LOCAL GOVERNMENT·Ch. 15 HOUSING AND CONSTRUCTION·Part 45 Municipal Housing Authorities Continued
7-15-4502 . Powers related to loans. An authority shall have power:
(1)to borrow money upon its bonds, notes, debentures, or other evidences of indebtedness and to secure the same by pledges of its revenues and (subject to the limitations hereinafter imposed) by mortgages upon property held or to be held by it or in any other manner;
(2)in connection with any loan, to agree to limitations upon its right to dispose of any housing project or part thereof or to undertake additional housing projects;
(3)in connection with any loan by a government, to agree to limitations upon the exercise of any powers conferred upon the authority by this part and part 44;
(4)to invest any funds held in reserves or sinking funds or any funds not required for immediate disbursement in property or securities
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Legislative History
En. Sec. 9, Ch. 140, L. 1935; re-en. Sec. 5309.9, R.C.M. 1935; amd. Sec. 2, Ch. 68, L. 1953; amd. Sec. 4, Ch. 193, L. 1957; amd. Sec. 1, Ch. 259, L. 1974; R.C.M. 1947, 35-109(part).
Nearby Sections
15
§ 7-15-2101
Findings And Policy§ 7-15-2103
Notice Of Hearing On Petition§ 7-15-2104
Hearing On Petition§ 7-15-2105
Decision Of Board Of County Commissioners§ 7-15-2107
Application For Incorporation§ 7-15-2109
Effect Of Filing And Recording Application§ 7-15-2112
Administration And Operation Of County Housing Authority -- Application Of Municipal Laws§ 7-15-2113
County Housing Authority To Be Nonprofit§ 7-15-2114
Certain Laws Controlling