§ 29-4-110 — Bonds secured by taxes - maturity

Colorado § 29-4-110

• Jurisdiction: Colorado
• Title 29: Government
• Art.: Housing

Text

(1) The council shall submit to
an election the question of the authorization of the issuance of bonds payable from
taxes or additionally secured by taxes. Such bonds shall mature at such times, not
exceeding fifteen years from their respective dates, as the council provides. Such
election shall be called by the council which shall adopt a resolution, called the
election resolution in this section, which shall state in substance:

(a) The amount or maximum amount of bonds to be issued;

(b) The housing project for the financing of which such bonds are to be
issued;

(c) The rate or maximum rate of interest which such bonds are to bear;

(d) A brief concise statement, which need not go into any detail other than
the mere statement of the fact, showing whether such bonds will be payable from
taxes, be additionally secured by a pledge of the revenues or a mortgage on any
housing project, or be payable from taxes only in the event of a deficiency in the
revenues or other sources of payment;

(e) The date on which such election will be held;

(f) The places where votes may be cast; and

(g) The hours between which such polling places will be open.

(2) Such election resolution shall be published in full at least once, not less
than ten days nor more than thirty days prior to the date fixed for such election, in a
newspaper published in the county and circulating in the city, or, if there is no such
newspaper, such election resolution shall be printed in full and posted in three
public places in such city not less than ten days nor more than thirty days prior to
the date fixed for such election. At such election the ballot shall contain the words
for the bonds and against the bonds. Opposite each of said phrases shall be a
hollow square, each side of which shall be not less than one-quarter inch nor more
than one inch. The elector shall indicate his vote for the bonds or against the
bonds by inserting a mark in the square opposite such phrase. It shall not be
necessary to print any question or any other words or figures on any ballot, nor
need the ballot be of any particular size, color, or quality, nor need sample ballots
be printed, posted, or distributed. At or before the regular meeting of the council
next succeeding the date of such election, such council shall canvass the returns
and determine and declare the results of the election. Except as otherwise provided
in this section, and as far as may be necessary or convenient, the manner of
conducting such election, keeping the poll lists, counting and canvassing the votes,
certifying the returns, declaring the results, and doing all acts relating to such
election shall conform to the mode or method of procedure provided by the laws of
the state of Colorado for the qualification of voters and the holding of general
elections.

Legislative History

Source: L. 35: p. 508, � 11. CSA: C. 82, � 14. CRS 53: � 69-2-10. C.R.S. 1963: � 69-2-10.