Colorado § 29-4-215 Form of bonds

Colorado Statutes

§ 29-4-215 — Form of bonds

Colorado § 29-4-215

Title 29Government

Art.Housing

This text of Colorado § 29-4-215 (Form of bonds) 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. § 29-4-215 (2026).

Text

(1)The bonds of the authority shall be authorized by its resolution and issued in one or more series, and they shall bear such dates; mature at such times, not exceeding sixty years from their respective dates; bear interest at such rate, payable semiannually; 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, at such places; and be subject to such terms of redemption, with or without premium, as such resolution or its trust indenture or mortgage may provide. The bonds may be sold at public or private sale, upon such terms and conditions as the authority shall determine. The bonds may be sold at such price as the authority

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(1) The bonds of the authority shall be authorized
by its resolution and issued in one or more series, and they shall bear such dates;
mature at such times, not exceeding sixty years from their respective dates; bear
interest at such rate, payable semiannually; 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, at such places; and be subject to such terms of redemption, with or
without premium, as such resolution or its trust indenture or mortgage may provide.
The bonds may be sold at public or private sale, upon such terms and conditions as
the authority shall determine. The bonds may be sold at such price as the authority
shall determine.

(2) Pending the authorization, preparation, execution, or delivery of definite
bonds, the authority may issue interim certificates or other temporary obligations to
the purchaser of such bonds. Such interim certificates or other temporary
obligations shall be in such form, contain such terms, conditions, and provisions,
bear such dates, and evidence such agreements relating to their discharge or
payment or the delivery of definite bonds as the authority may by resolution, trust
indenture, or mortgage determine.

(3) In case any of the officers whose signatures appear on any bonds or
coupons cease to be such officers before the delivery of such bonds, such
signatures nevertheless shall be valid and sufficient for all purposes the same as if
they had remained in office until such delivery.

(4) The authority has power, out of any funds available therefor, to purchase
any bonds issued by it at a price not more than the principal amount thereof and the
accrued interest. All bonds so purchased shall be canceled. This subsection (4)
shall not apply to the redemption of bonds.

(5) Any provision of any law to the contrary notwithstanding, any bonds,
interim certificates, or other obligations issued pursuant to this article 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.

Legislative History

Source: L. 35: p. 539, � 15. CSA: C. 82, � 43. CRS 53: � 69-3-15. C.R.S. 1963: � 69-3-15. L. 70: p. 111, � 7. L. 75: (5) amended, p. 218, � 59, effective July 16. L. 89: (1) amended, p. 1263, � 2, effective March 21.