C.R.S. Section 37-41-118
Sale of bonds

  • proceeds
The board may sell bonds from time to time in such quantities as may be necessary and most advantageous to raise the money for the construction or purchase of canals, reservoir sites, reservoirs, and water rights and works and otherwise to fully carry out the object and purposes of this article. Before making any sale, the board, at a meeting, by resolution, shall declare its intention to sell a specified amount of the bonds and the day and hour and place of such sale and shall cause such resolution to be entered in the minutes and notice of the sale to be given by publication thereof at least twenty days in a daily newspaper published in the city of Denver and in any other newspaper at its discretion. The notice shall state that sealed proposals will be received by the board at its office, for the purchase of the bonds, until the day and hour named in the resolution. At the time appointed, the board shall open the proposals and award the purchase of the bonds to the highest responsible bidder and may reject all bids. The board in no event shall sell any of said bonds for less than ninety-five percent of the face value thereof. In case no bid is made and accepted, the board of directors is hereby authorized to use said bonds for the purchase of canals, reservoir sites, reservoirs, and water rights and works, or for the construction of any canal, reservoir, and works; but such bonds shall not be so disposed of at less than ninety-five percent of the face value thereof.

Source: Section 37-41-118 — Sale of bonds - proceeds, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-37.­pdf (accessed Oct. 20, 2023).

37‑41‑101
Irrigation district - organization - purposes 37‑41‑102
Petition 37‑41‑103
Presentation and allowance of petition 37‑41‑104
Notice of election - qualifications of electors 37‑41‑105
Canvass of votes - proclamation 37‑41‑106
Directors - election - term 37‑41‑107
Office of board - elections 37‑41‑108
Directors - secretary - salaries 37‑41‑109
District treasurer - duties 37‑41‑110
Duties of election officers 37‑41‑111
Canvass of votes 37‑41‑112
Records - vacancy and term of office 37‑41‑113
Board of directors - duties - contracts - rules 37‑41‑114
Meetings - duties - eminent domain 37‑41‑115
Property - title 37‑41‑116
Conveyances - suits 37‑41‑117
Bonds - contract - purposes - election 37‑41‑118
Sale of bonds - proceeds 37‑41‑119
Bonds - payment - lien 37‑41‑120
Fiscal year - directors to fix levy 37‑41‑121
Assessor - assessment 37‑41‑122
Other taxes must be paid 37‑41‑123
Special tax levy 37‑41‑124
Assessment - collection - redemption - deed 37‑41‑125
Construction - contracts 37‑41‑126
Claims - audit - payment - financial report 37‑41‑127
Funds for expenses 37‑41‑128
Crossing streams, highways, railroads, state lands 37‑41‑129
Limit of indebtedness - emergency 37‑41‑130
Insufficient supply - distribution 37‑41‑131
Compensation for property taken 37‑41‑132
Boundaries - change - effect 37‑41‑133
Additional land admitted - petition 37‑41‑134
Notice of filing - costs 37‑41‑135
Hearing of petition - assent 37‑41‑136
Payment of pro rata assessments 37‑41‑137
Inclusion or rejection of lands - protest 37‑41‑138
Order - record - effect 37‑41‑139
Records - evidence 37‑41‑140
Legal representatives petitioners 37‑41‑141
Redivision of district - election of officers 37‑41‑142
Lands may be excluded from district 37‑41‑143
Petition for exclusion 37‑41‑144
Notice of filing petition 37‑41‑145
Hearing of petition 37‑41‑146
Order 37‑41‑147
Record - effect 37‑41‑148
Division of districts 37‑41‑149
Dissolution of district - election 37‑41‑150
Canvass - record 37‑41‑151
Judicial examination of bonds and contracts 37‑41‑152
Petition for judicial examination 37‑41‑153
Notice of hearing 37‑41‑154
Answer - pleading 37‑41‑155
Determination - costs 37‑41‑156
Sale of realty not needed 37‑41‑157
President to execute deeds 37‑41‑158
Proceeds - where paid 37‑41‑159
Findings of board conclusive 37‑41‑160
Single election precincts
Green check means up to date. Up to date

Current through Fall 2024

§ 37-41-118’s source at colorado​.gov