Montana § 7-15-4508 Purchase Of Bonds By Housing Authority

Montana Statutes

§ 7-15-4508 — Purchase Of Bonds By Housing Authority

Montana·Title 7 LOCAL GOVERNMENT·Ch. 15 HOUSING AND CONSTRUCTION·Part 45 Municipal Housing Authorities Continued

7-15-4508 . Purchase of bonds by housing authority.

(1)The authority shall have power out of any funds available therefor to purchase any bonds issued by it at a price not more than the principal amount thereof and the accrued interest; provided, however, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased out of any such revenues available therefor. All bonds so purchased shall be canceled.

(2)This section shall not apply to the redemption of bonds.

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7-15-4508 . Purchase of bonds by housing authority. (1) The authority shall have power out of any funds available therefor to purchase any bonds issued by it at a price not more than the principal amount thereof and the accrued interest; provided, however, that bonds payable exclusively from the revenues of a designated project or projects shall be purchased out of any such revenues available therefor. All bonds so purchased shall be canceled.
(2) This section shall not apply to the redemption of bonds.

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