Montana Statutes
§ 7-7-4430 — Presumptions Of Validity Of Bonds
7-7-4430 . Presumptions of validity of bonds.
(1)Said bonds bearing the signatures of officers in office on the date of the signing thereof shall be valid and binding obligations, notwithstanding that before the delivery thereof and payment therefor, any or all the persons whose signatures appear thereon shall have ceased to be officers of the municipality issuing the same.
(2)The validity of said bonds shall not be dependent on or affected by the validity or regularity of any proceedings relating to the acquisition, purchase, construction, reconstruction, improvement, betterment, or extension of the undertaking for which said bonds are issued.
(3)The resolution authorizing said bonds may provide that the bonds shall contain a recital that they are issued pursuant to this part, which re
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Montana § 7-7-4430 (Presumptions Of Validity Of Bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
En. Sec. 6, Ch. 126, L. 1939; R.C.M. 1947, 11-2406.
Nearby Sections
15
§ 7-7-101
Repealed§ 7-7-102
Repealed§ 7-7-103
Repealed§ 7-7-109
Definitions -- Sale Of Notes In Anticipation Of Federal Or State Revenue Or Issuance Of Bonds§ 7-7-110
Authorization Of Bonds§ 7-7-111
Bond Election -- Impact On Value§ 7-7-112
Through 7-7-120 Reserved§ 7-7-121
Misconduct In Relation To Bond Funds§ 7-7-122
Prosecution For Misconduct