Montana Code > Title 7 > Chapter 15 > Part 45 – Municipal Housing Authorities Continued


§ 7-15-4501	Authorization to issue bonds
§ 7-15-4502	Powers related to loans
§ 7-15-4503	Nature of bonded indebtedness
§ 7-15-4504	Bonds and other obligations to be fully negotiable
§ 7-15-4505	Housing authority bonds as legal investments
§ 7-15-4506	Details relating to bonds
§ 7-15-4507	Sale of bonds
§ 7-15-4508	Purchase of bonds by housing authority
§ 7-15-4509	Interim certificates
§ 7-15-4510	Validity and sufficiency of signatures on bonds
§ 7-15-4511	Creation of special funds
§ 7-15-4512	Security for money deposited by housing authority
§ 7-15-4521	General powers related to bonds and lease obligations
§ 7-15-4522	Redemption of bonds
§ 7-15-4523	Amendment or abrogation of bond contracts
§ 7-15-4524	Bond provisions related to determination and use of rents and fees
§ 7-15-4525	Bond provisions related to management and use of property
§ 7-15-4526	Power to mortgage property when government financing involved
§ 7-15-4527	Provisions related to breach or default on bonds and bond covenants
§ 7-15-4528	Use of bond trustee
§ 7-15-4529	General remedies of an obligee of a housing authority
§ 7-15-4530	Special remedies of an obligee resulting from mortgage or trust indenture
§ 7-15-4531	Remedies of obligees to be cumulative
§ 7-15-4532	Limitations on remedies of obligees

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Terms Used In Montana Code > Title 7 > Chapter 15 > Part 45 - Municipal Housing Authorities Continued

Contract: A legal written agreement that becomes binding when signed.
Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
Escrow: Money given to a third party to be held for payment until certain conditions are met.
Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
Foreclosure: A legal process in which property that is collateral or security for a loan may be sold to help repay the loan when the loan is in default. ^{Source: OCC}
Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
Lien: A claim against real or personal property in satisfaction of a debt.
Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
Person: includes a corporation or other entity as well as a natural person. See Montana Code 1-1-201
Personal property: All property that is not real property.
Personal property: means money, goods, chattels, things in action, and evidences of debt. See Montana Code 1-1-205
Process: means a writ or summons issued in the course of judicial proceedings. See Montana Code 1-1-202
Property: means real and personal property. See Montana Code 1-1-205
State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Montana Code 1-1-201
Statute: A law passed by a legislature.
Trustee: A person or institution holding and administering property in trust.
United States: includes the District of Columbia and the territories. See Montana Code 1-1-201