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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 230
Disposition versions

Full text
230. The securities issued by the Community are investments presumed sound as if they were mentioned in paragraph 2 of article 1339 of the Civil Code .
The commitments included in the securities issued by the Community and the contracts entered into by it constitute direct and general obligations of the Community and of the municipalities whose territories are included in that of the Community and rank concurrently and pari passu with all other general obligations of the Community and of the municipalities.
1969, c. 84, s. 263; 1971, c. 90, s. 25; 1974, c. 82, s. 30; 1982, c. 18, s. 99; 1996, c. 2, s. 546; 1999, c. 40, s. 68.
230. The securities issued by the Community are authorized investments as if they were mentioned in subparagraph a of the first paragraph of article 981o of the Civil Code of Lower Canada.
The commitments included in the securities issued by the Community and the contracts entered into by it constitute direct and general obligations of the Community and of the municipalities whose territories are included in that of the Community and rank concurrently and pari passu with all other general obligations of the Community and of the municipalities.
1969, c. 84, s. 263; 1971, c. 90, s. 25; 1974, c. 82, s. 30; 1982, c. 18, s. 99; 1996, c. 2, s. 546.
230. The securities issued by the Community are authorized investments as if they were mentioned in subparagraph a of the first paragraph of article 981o of the Civil Code of Lower Canada.
The commitments included in the securities issued by the Community and the contracts entered into by it constitute direct and general obligations of the Community and of the municipalities and rank concurrently and pari passu with all other general obligations of the Community and of the municipalities.
1969, c. 84, s. 263; 1971, c. 90, s. 25; 1974, c. 82, s. 30; 1982, c. 18, s. 99.
230. The bonds, notes and other securities issued by the Community shall be authorized investments within the meaning of paragraph a of article 981o of the Civil Code. Such bonds, notes and other securities shall constitute for the holders thereof direct and general obligations of the Community and of the municipalities and rank concurrently and paripassu with all other general bonds of the Community.
1969, c. 84, s. 263; 1971, c. 90, s. 25; 1974, c. 82, s. 30.
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