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C-37.01 - Act respecting the Communauté métropolitaine de Montréal

Section 200
Disposition versions

Full text
200. 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 constitute direct and general obligations of the Community and of the municipalities whose territories are situated within the territory of the Community and rank concurrently and pari passu with all other general obligations of the Community and of the municipalities.
2000, c. 34, s. 200.
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