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C-37.2 - Act respecting the Communauté urbaine de Montréal

Section 231
Disposition versions

Full text
231. The Community and the municipalities whose territories are included in that of the Community are solidarily liable for any obligations contracted by the Community towards the holders of the securities issued by it or towards persons with whom it has debts arising from contracts.
1969, c. 84, s. 264; 1971, c. 90, s. 26; 1974, c. 82, s. 31; 1982, c. 18, s. 99; 1996, c. 2, s. 546.
231. The Community and the municipalities are jointly and severally liable for any obligations contracted by the Community towards the holders of the securities issued by it or towards persons with whom it has debts arising from contracts.
1969, c. 84, s. 264; 1971, c. 90, s. 26; 1974, c. 82, s. 31; 1982, c. 18, s. 99.
231. The municipalities shall be jointly and severally liable towards the holders of bonds, notes and other securities issued by the Community for the repayment of such bonds, notes and other securities, in principal, interest and other accessories, and of all other obligations contracted by the Community towards such holders.
1969, c. 84, s. 264; 1971, c. 90, s. 26; 1974, c. 82, s. 31.
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