Colorado § 7-42-102 Work after organization

Colorado Statutes

§ 7-42-102 — Work after organization

Colorado·Title 07 Corporations·Art. Ditch and Reservoir Companies

(1)Any corporation formed under the provisions of law for the purpose of constructing any ditch, flume, bridge, ferry, or telegraph line, within ninety days from the effective date of its articles of incorporation, shall commence work on such ditch, flume, bridge, ferry, or telegraph line, as shall be named in the articles, and shall complete the work with due diligence. The time of the completion of any such ditch, bridge, ferry, or telegraph line shall not be extended beyond a period of two years from the time work was commenced.

(2)Any corporation failing to commence work within ninety days after the effective date of the articles of incorporation, or failing to complete the same within two years after the time of commencement, shall forfeit all right to the water so claime

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(1) Any corporation formed under the
provisions of law for the purpose of constructing any ditch, flume, bridge, ferry, or
telegraph line, within ninety days from the effective date of its articles of
incorporation, shall commence work on such ditch, flume, bridge, ferry, or telegraph
line, as shall be named in the articles, and shall complete the work with due
diligence. The time of the completion of any such ditch, bridge, ferry, or telegraph
line shall not be extended beyond a period of two years from the time work was
commenced.

(2) Any corporation failing to commence work within ninety days after the
effective date of the articles of incorporation, or failing to complete the same within
two years after the time of commencement, shall forfeit all right to the water so
claimed, and the same shall be subject to be claimed by any other company. The
time for the completion of any flume constructed under the provisions of law shall
not be extended beyond a period of four years.

(3) This section shall not apply to any ditch or flume for mining or other
purposes constructed through and upon any grounds owned by the corporation.
Any company formed to construct a ditch for domestic, agricultural, irrigating,
milling, and manufacturing purposes or any of them shall have three years from the
time of commencing work thereon within which to complete the same but no longer.

Colorado § 7-42-102 (Work after organization) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: G.L. � 296. G.S. � 314. R.S. 08: � 989. C.L. � 2354. CSA: C. 41, � 142. CRS 53: � 31-14-2. C.R.S. 1963: � 31-14-2. L. 2008: (1) and (2) amended, p. 22, � 11, effective August 5.