Montana § 85-7-1433 Liens Arising From Bonds

Montana Statutes

§ 85-7-1433 — Liens Arising From Bonds

Montana·Title 85 WATER USE·Ch. 7 IRRIGATION DISTRICTS·Part 14 Irrigation District Revenue Bond Act

85-7-1433 . Liens arising from bonds. The resolution authorizing the bonds must specify and define the revenues or portion of the undertaking's revenues that is appropriated and pledged for the security and payment of the bond principal and interest and the relative security of liens on the revenues in favor of bonds of one or more series or issues, whether issued concurrently or at different times.

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85-7-1433 . Liens arising from bonds. The resolution authorizing the bonds must specify and define the revenues or portion of the undertaking's revenues that is appropriated and pledged for the security and payment of the bond principal and interest and the relative security of liens on the revenues in favor of bonds of one or more series or issues, whether issued concurrently or at different times.

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