Montana § 7-7-4423 Nature Of Revenue Bonds

Montana Statutes

§ 7-7-4423 — Nature Of Revenue Bonds

Montana § 7-7-4423

Title 7LOCAL GOVERNMENT

Ch. 7DEBT MANAGEMENT

Part 44Municipal Revenue Bonds

This text of Montana § 7-7-4423 (Nature Of Revenue Bonds) is published on Counsel Stack Legal Research, covering Montana primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Mont. Code Ann. § 7-7-4423 (2026).

Text

7-7-4423 . Nature of revenue bonds.

(1)No holder or holders of any bonds issued under this part shall ever have the right to compel any exercise of taxing power of the municipality to pay said bonds or the interest thereon.

(2)Each bond issued under this part shall recite in substance that:

(a)said bond, including interest thereon, is payable from the revenue pledged to the payment thereof; and

(b)said bond does not constitute a debt of the municipality within the meaning of any constitutional or statutory limitation or provision.

Free access — add to your briefcase to read the full text and ask questions with AI

7-7-4423 . Nature of revenue bonds. (1) No holder or holders of any bonds issued under this part shall ever have the right to compel any exercise of taxing power of the municipality to pay said bonds or the interest thereon.
(2) Each bond issued under this part shall recite in substance that:
(a) said bond, including interest thereon, is payable from the revenue pledged to the payment thereof; and
(b) said bond does not constitute a debt of the municipality within the meaning of any constitutional or statutory limitation or provision.