Montana Statutes
§ 90-4-1217 — Presumptions Of Validity Of Bonds
Montana·Title 90 PLANNING, RESEARCH, AND DEVELOPMENT·Ch. 4 ENERGY DEVELOPMENT AND CONSERVATION·Part 12 Montana Clean Renewable Energy Bond Act
90-4-1217 . Presumptions of validity of bonds.
(1)Bonds issued under this part bearing the signatures of officers in office on the date of the signing of the bonds are valid and binding obligations even if, before bond delivery and payment, the persons whose signatures appear on the bonds are no longer officers of the governmental body issuing the bonds.
(2)The validity of the bonds is not dependent on or affected by the validity or regularity of any proceedings relating to the acquisition, purchase, construction, reconstruction, improvement, or extension of the project for which the bonds are issued.
(3)The resolution authorizing the bonds may provide that the bonds must contain a recital that they are issued pursuant to this part and that the recital is conclusive evidence of the bond
Free access — add to your briefcase to read the full text and ask questions with AI
Montana § 90-4-1217 (Presumptions Of Validity Of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 12, Ch. 378, L. 2007.
Nearby Sections
15
§ 90-4-1001
Repealed§ 90-4-1002
Repealed§ 90-4-1003
Repealed§ 90-4-1004
Terminated§ 90-4-1006
Through 90-4-1009 Reserved§ 90-4-101
Repealed§ 90-4-1010
Transportation Energy Policy§ 90-4-102
Repealed§ 90-4-103
Repealed§ 90-4-104
Repealed§ 90-4-105
Repealed§ 90-4-106
Repealed§ 90-4-107
Renumbered 90-4-111