Colorado § 30-26-302 Bond issue - limitation - interest - redemption

Colorado Statutes

§ 30-26-302 — Bond issue - limitation - interest - redemption

Colorado·Title 30 Government·Art. Bonds

The board of
county commissioners, when authorized as provided in section 30-26-301, may
make and issue coupon bonds of the county not exceeding the amounts authorized
by the electors, payable at the pleasure of the county but absolutely due and
payable twenty years after such date, bearing interest at a rate such that the net
effective interest rate of the issue of bonds does not exceed the maximum net
effective interest rate authorized, payable annually or semiannually; such interest
and principal, when due, shall be payable at the office of the county treasurer of the
county or at such other location as the board of county commissioners may
designate. The board of county commissioners shall prescribe the form of said
bonds and the coupons thereto; and, to provide for the princ

Free access — add to your briefcase to read the full text and ask questions with AI

The board of
county commissioners, when authorized as provided in section 30-26-301, may
make and issue coupon bonds of the county not exceeding the amounts authorized
by the electors, payable at the pleasure of the county but absolutely due and
payable twenty years after such date, bearing interest at a rate such that the net
effective interest rate of the issue of bonds does not exceed the maximum net
effective interest rate authorized, payable annually or semiannually; such interest
and principal, when due, shall be payable at the office of the county treasurer of the
county or at such other location as the board of county commissioners may
designate. The board of county commissioners shall prescribe the form of said
bonds and the coupons thereto; and, to provide for the principal and interest and
redemption premiums accruing on the bonds, it shall provide for the levying of a tax
which, together with such other revenue, assets, or funds as may be pledged, will
be sufficient to pay the principal, interest and redemption premiums, if any,
accruing on the bonds.

Colorado § 30-26-302 (Bond issue - limitation - interest - redemption) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

Legislative History

Source: G.L. � 449. G.S. � 672. L. 1889: p. 103, � 1. R.S. 08: � 1365. C.L. � 8843. CSA: C. 45, � 195. CRS 53: � 36-6-2. C.R.S. 1963: � 36-6-2. L. 70: p. 139, � 5. L. 79: Entire section amended, p. 1158, � 2, effective May 4.