C.R.S. Section 37-44-113
Sale of bonds


(1)

The board may sell bonds so issued from time to time in such quantities as necessary and most advantageous to raise the money for the construction of reservoirs or canals, or the purchase of reservoir sites, reservoirs, water rights and works, and otherwise to carry out the objects and purposes of this article. Before making any sale, the board at a meeting shall declare by resolution its intent to sell a specified amount of bonds and the day and hour and place of such sale and shall cause such resolution to be entered in its minutes and a notice of the sale to be published 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 or may reject any and all bids; but said board shall, in no event, sell any of said bonds for less than ninety-five percent of the face value thereof.

(2)

The bonds and the interest thereon shall be paid by revenue derived from an annual assessment upon the real property of the district, and the real property of the district shall be and remain liable to be assessed for such payments as provided in this article.

Source: Section 37-44-113 — Sale of bonds, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-37.­pdf (accessed Oct. 20, 2023).

37–44–101
Liberal construction
37–44–102
Petition - establishment of an internal improvement district
37–44–103
Powers of district
37–44–104
Presentation and allowance of petitions
37–44–105
Notice of election - voters - ballots
37–44–106
Canvass of votes
37–44–107
Plans for improvements
37–44–108
Directors - powers and duties
37–44–109
Meetings of board - records
37–44–110
Title - tax exemption
37–44–111
Conveyances - power to sue
37–44–112
Bonds
37–44–113
Sale of bonds
37–44–114
Classification of lands
37–44–115
Objections to classifications
37–44–116
Conduct of appeals
37–44–117
Appeal not to delay
37–44–118
Modification of classification
37–44–119
Apportionment of levy
37–44–120
Assessment
37–44–121
Assessment list - collection
37–44–122
Assessment book
37–44–123
Assessments affect land benefited
37–44–124
District treasurer
37–44–125
Where office of district kept
37–44–126
Election of officers - oath or affirmation - bond
37–44–127
Notices of election of officers
37–44–128
Judges and clerk of election
37–44–129
Voters to appoint judges if necessary
37–44–130
Administration of oath
37–44–131
Hours polls open
37–44–132
Count of ballots - certificate of returns
37–44–133
Canvass of returns - result
37–44–134
Procedure in case of tie
37–44–135
Certificate of election
37–44–136
Filling vacancy
37–44–137
Collection of assessments
37–44–138
Construction contract - bond
37–44–139
Claims - audit - payment
37–44–140
Expenses of organization
37–44–141
Works may cross other lands
37–44–142
Officers’ compensation
37–44–143
Limit of indebtedness
37–44–144
Insufficient supply
37–44–145
Judicial action on bonds
37–44–146
Petition for confirmation
37–44–147
Notice of hearing
37–44–148
Answer or pleading
37–44–149
Determination
Green check means up to date. Up to date

Current through Fall 2024

§ 37-44-113’s source at colorado​.gov