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