C.R.S. Section 37-46-125
Lawful contracts


(1)

When the petition for the organization of a subdistrict and the decree for such organization so provide, it is lawful for any said subdistrict to make contracts as follows:

(a)

A water users’ association may bind itself to levy an annual assessment for the use of water and to secure same by liens on land and water rights or in such manner as may be provided by law.

(b)

Any person or corporation landowner may create a mortgage lien upon lands or give other security satisfactory to the board or any other contracting agency, and all such contracts shall provide for forfeiture of the use of water for nonpayment of assessments or installments in the same manner and procedure as provided by statute for forfeiture of stock in a mutual ditch company.

Source: Section 37-46-125 — Lawful contracts, https://leg.­colorado.­gov/sites/default/files/images/olls/crs2023-title-37.­pdf (accessed Oct. 20, 2023).

37‑46‑101
Legislative declaration
37‑46‑102
Definitions
37‑46‑103
District body corporate - area
37‑46‑104
Board of directors
37‑46‑105
Compensation of directors
37‑46‑106
Vacancies - secretary and treasurer
37‑46‑107
General powers
37‑46‑108
Principal office - meetings
37‑46‑109
Authority of board to levy taxes
37‑46‑109.3
Taxes - determination and collection
37‑46‑109.4
Levies to cover district’s deficiencies
37‑46‑110
Organization
37‑46‑111
Rules and regulations
37‑46‑112
Petition
37‑46‑113
Notice of hearing on petition
37‑46‑114
Protesting of petitions
37‑46‑114.5
Alternative procedure for organizing a subdistrict
37‑46‑115
Board of directors to prepare plans
37‑46‑116
Appointment of appraisers
37‑46‑117
Compensation of appraisers
37‑46‑118
Board bound by financing plan
37‑46‑119
Directors may make assessments
37‑46‑120
Improvement district bonds
37‑46‑121
Assessments perpetual lien
37‑46‑122
Invalid assessments - board remedy
37‑46‑123
Assessment record as evidence
37‑46‑124
Remedies in case of faulty notice
37‑46‑125
Lawful contracts
37‑46‑126
Issuance of general obligation bonds and revenue bonds
37‑46‑126.2
Subdistrict’s levy of taxes
37‑46‑126.3
Levy and collection of subdistrict’s taxes
37‑46‑126.4
Levies to cover subdistrict deficiencies
37‑46‑126.5
County to levy and collect
37‑46‑126.6
Delinquent taxes
37‑46‑127
Maintenance assessment
37‑46‑128
Annual levy limit
37‑46‑129
Investment of surplus funds
37‑46‑130
Sinking fund
37‑46‑131
Court confirmation
37‑46‑132
Allocation of water or service
37‑46‑133
Election to authorize debt
37‑46‑134
Definition of elector
37‑46‑135
Elections
37‑46‑136
Election resolution
37‑46‑137
Conduct of election
37‑46‑138
Notice of election
37‑46‑139
Polling places
37‑46‑140
Election supplies
37‑46‑141
Election returns
37‑46‑142
Debt election contests
37‑46‑143
Covenants and other provisions in bonds
37‑46‑144
Liens on pledged revenues
37‑46‑145
Rights - powers of holders of bonds - trustees
37‑46‑146
Investments and securities
37‑46‑147
Rents and charges
37‑46‑148
Miscellaneous powers
37‑46‑149
Cooperative powers
37‑46‑150
Joint action entity
37‑46‑151
Correlative powers of political subdivisions
Green check means up to date. Up to date

Current through Fall 2024

§ 37-46-125’s source at colorado​.gov