Colorado § 29-4-113 Form of bonds - rate of interest

Colorado Statutes

§ 29-4-113 — Form of bonds - rate of interest

Colorado § 29-4-113

Title 29Government

Art.Housing

This text of Colorado § 29-4-113 (Form of bonds - rate of interest) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 29-4-113 (2026).

Text

(1)The bonds of the city shall be issued in one or more series and shall bear such dates, bear interest at such rates, be in such denominations which may be made interchangeable, be in such form, either coupon or registered, carry such registration privileges, be executed in such manner, be payable in such medium of payment and at such places, and be subject to such terms and redemption, with or without premium, as the council by resolution or its trust indenture or mortgage may provide. The bonds authorized to be issued by this part 1 shall be sold at public sale held after notice of such sale published once at least ten days prior to such sale in a newspaper circulating in the city, if there is one, and in a financial newspaper published in the city of San Francisco, Californi

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(1) The bonds of the city shall be
issued in one or more series and shall bear such dates, bear interest at such rates,
be in such denominations which may be made interchangeable, be in such form,
either coupon or registered, carry such registration privileges, be executed in such
manner, be payable in such medium of payment and at such places, and be subject
to such terms and redemption, with or without premium, as the council by resolution
or its trust indenture or mortgage may provide. The bonds authorized to be issued
by this part 1 shall be sold at public sale held after notice of such sale published
once at least ten days prior to such sale in a newspaper circulating in the city, if
there is one, and in a financial newspaper published in the city of San Francisco,
California, or in the city of Chicago, Illinois; except that such bonds may be sold to
the federal government at private sale without any public advertisement. The bonds
may be sold in such blocks as the council may by resolution determine, but no
bonds shall be sold at less than par. The bonds may be purchased by the city at a
price not more than the principal amount thereof plus the accrued interest, and all
bonds so purchased shall be canceled. The bonds shall be fully negotiable within
the meaning of and for all the purposes of article 8 of title 4, C.R.S., pertaining to
investment securities.

(2) The validity of the authorization and issuance of the bonds authorized
under this part 1 shall not be dependent on or affected in any way by proceedings
taken, contracts made, acts performed, or things done in connection with the
construction of any housing project. Bonds issued under this part 1 bearing the
signature of officers in office on the date of the signing thereof shall be valid and
binding obligations, notwithstanding that before the delivery thereof any persons
whose signatures appear thereon shall have ceased to be officers of the city issuing
the same. Pending the authorization, preparation, execution, or delivery of the
definitive bonds for the purpose of financing the construction of a housing project,
interim certificates or other temporary obligations may be issued by the city to the
purchaser of such bonds. Such interim certificates or other temporary obligations
shall be in such form and contain such terms, conditions, and provisions as the
council of the city issuing the same may determine.

Legislative History

Source: L. 35: p. 511, � 14. CSA: C. 82, � 17. CRS 53: � 69-2-13. C.R.S. 1963: � 69-2-13. L. 70: p. 111, � 6. L. 75: (1) amended, p. 218, � 58, effective July 16.