§ 29-8-107 — Bond of petitioners

At the time that action is commenced under
section 29-8-106, or at any time prior to the time of the hearing provided for in
section 29-8-112, and if requested by the governing body or public utility, a bond
shall be filed, with security approved by the governing body or cash deposit made
sufficient to pay all expenses of the governing body connected with the
proceedings and of the public utilities for actual time and expenses incurred in
regard to the cost and feasibility study in case the organization of the district is not
effected. If at any time during the organization proceedings the governing body is
satisfied that the bond first executed or the amount of cash deposited is
insufficient in amount, it, on its own initiative or at the request of a public utility,
may require the execution of an additional bond or the deposit of additional cash
within a time to be fixed, not less than ten days distant, and upon failure of the
petitioners to file or deposit the same, the petition shall be dismissed.

Legislative History

Source: L. 71: p. 990, � 1. C.R.S. 1963: � 89-23-7.