Montana § 7-2-4916 Payment Of Debts And Collection Of Receivables Of Disincorporated Municipality

Montana Statutes

§ 7-2-4916 — Payment Of Debts And Collection Of Receivables Of Disincorporated Municipality

Montana·Title 7 LOCAL GOVERNMENT·Ch. 2 CREATION, ALTERATION, AND ABANDONMENT OF LOCAL GOVERNMENTS·Part 49 Disincorporation of Municipalities

7-2-4916 . Payment of debts and collection of receivables of disincorporated municipality.

(1)The board of county commissioners of the county succeeding the disincorporated city or town shall provide for:

(a)the payment and discharge in good faith of all the indebtedness and obligations according to the tenor of the contract or indenture agreement by which they were contracted or the indebtedness incurred; and

(b)the collection of any indebtedness due the city or town.

(2)All instruments for the repayment of indebtedness are drawn by order of the board on the fund provided in 7-2-4912 .

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7-2-4916 . Payment of debts and collection of receivables of disincorporated municipality. (1) The board of county commissioners of the county succeeding the disincorporated city or town shall provide for:
(a) the payment and discharge in good faith of all the indebtedness and obligations according to the tenor of the contract or indenture agreement by which they were contracted or the indebtedness incurred; and
(b) the collection of any indebtedness due the city or town.
(2) All instruments for the repayment of indebtedness are drawn by order of the board on the fund provided in 7-2-4912 .

Montana § 7-2-4916 (Payment Of Debts And Collection Of Receivables Of Disincorporated Municipality) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.