Montana Statutes
§ 7-7-4604 — Interpretation Of Part
Montana·Title 7 LOCAL GOVERNMENT·Ch. 7 DEBT MANAGEMENT·Part 46 Municipal Refunding Revenue Bonds Option 2
7-7-4604 . Interpretation of part. Nothing in this part shall in any way be deemed to:
(1)alter the terms of any agreements made with the holders of any outstanding notes, bonds, or other obligations of the municipality;
(2)authorize the municipality to alter the terms of any such agreements;
(3)impair or authorize the municipality to impair the rights and remedies of any creditors of the municipality;
(4)authorize any municipality to do anything in any manner or for any purpose which would result in the creation or incurring of a debt or indebtedness or the issuance of any instrument which would constitute a bond or debt within the meaning of any provision, limitation, or restriction of the constitution relating to the creation or incurring of a debt or indebtedness or the issuance of
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Legislative History
En. Sec. 8, Ch. 121, L. 1937; R.C.M. 1947, 79-1908(4), (5).
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Repealed§ 7-7-102
Repealed§ 7-7-103
Repealed§ 7-7-109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