C.R.S. Section 30-26-403
Resolution for issue

  • form of bonds
  • coupons
  • term

(1)

If the board of county commissioners determines to issue refunding bonds, such board shall thereupon adopt a resolution which shall not be subject to the referendum provisions of any statute providing for the issue of said refunding bonds in accordance with the provisions of this part 4. Such resolution shall fix the date of said refunding bonds, shall designate the denomination thereof, the rate of interest, the maturity date, which shall not be more than twenty-five years from the date of said refunding bonds, and the place of payment, within or without the state of Colorado, of both principal and interest, and shall prescribe the form of said refunding bonds.

(2)

Such refunding bonds shall be negotiable in form, shall recite the title of the act under which they are issued, shall be executed in the name of the county and signed by the chairman of the board of county commissioners and countersigned by the county treasurer, with the seal of the county affixed thereto and attested by the county clerk and recorder. The interest accruing on such refunding bonds shall be evidenced by semiannual interest coupons thereto attached, bearing the engraved facsimile signature of the county treasurer, and when so executed such coupons shall be the binding obligations of the county, according to their import.

(3)

In the adoption of said resolution providing for the issue of such refunding bonds, the board of county commissioners shall make the principal of the debt payable in equal annual installments during the currency of the period, not exceeding twenty-five years, within which the debt is to be discharged; but the date of maturity of the first installment of the debt shall be not more than five years from the date of said refunding bonds.

Source: Section 30-26-403 — Resolution for issue - form of bonds - coupons - term, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-30.­pdf (accessed Oct. 20, 2023).

30‑26‑101
Exchange of warrants for bonds - notice 30‑26‑102
Election on bond issue - duties of judges 30‑26‑103
Officers to proceed as authorized after election 30‑26‑104
Bonds - how executed 30‑26‑105
Form of bonds - redemption fund 30‑26‑106
Redemption - order of payment - notice 30‑26‑201
Fund or refund liabilities 30‑26‑202
County shall assume payment of bonds 30‑26‑301
Creation of debt for buildings, roads - election - definitions 30‑26‑302
Bond issue - limitation - interest - redemption 30‑26‑303
Redemption - notice - interest - order of payment 30‑26‑304
Bonds - signed - attested - sealed - denomination - amount 30‑26‑305
Sale of bonds - rate - redemption - cancellation 30‑26‑401
Refunding bonds authorized 30‑26‑402
Issuance - no election 30‑26‑403
Resolution for issue - form of bonds - coupons - term 30‑26‑404
Disposition of bonds - outstanding canceled 30‑26‑405
Interest - how paid - redemption fund 30‑26‑406
No repeal or alteration of resolution 30‑26‑501
Short title 30‑26‑502
Legislative declaration 30‑26‑503
Definitions 30‑26‑504
Authority for establishment of county capital improvement trust funds 30‑26‑505
Bonds - issuance - terms 30‑26‑506
Pledge of revenues, funds, or other property lien 30‑26‑507
Personal liability 30‑26‑508
Bonds - exempt from taxation 30‑26‑509
Annual audit 30‑26‑510
Bonds - eligible for investment 30‑26‑511
Agreement of counties 30‑26‑512
Effect on inconsistent acts and rules and regulations 30‑26‑513
Construction of this part 5
Green check means up to date. Up to date

Current through Fall 2024

§ 30-26-403’s source at colorado​.gov