§ 7-49-103 — Corporation authorized

A corporation, for the purposes
enumerated in this article, may be incorporated upon approval of the governor and
the state treasurer. The provisions of the Colorado Business Corporation Act,
articles 101 to 117 of this title, not in conflict with or inconsistent with the provisions
of this article shall apply to such corporation. The purpose clause of the articles of
incorporation shall recite that the purposes for which the corporation is formed are
to stimulate the flow of private investment capital for the purchase and
rehabilitation of eligible housing; to encourage and assist through financial aid,
advice, technical assistance, and other appropriate means the improvement of
existing housing throughout the state; and, in furtherance of these purposes, to
cooperate with the division of housing of the department of local affairs and the
Colorado housing and finance authority and with other organizations, public and
private.

Legislative History

Source: L. 75: Entire article added, p. 265, � 1, effective June 29. L. 87: Entire section amended, p. 1196, � 15, effective May 20. L. 93: Entire section amended, p. 856, � 13, effective July 1, 1994.