§ 30-26-303 — Redemption - notice - interest - order of payment

Colorado § 30-26-303

• Jurisdiction: Colorado
• Title 30: Government
• Art.: Bonds

Text

When it
appears to the board of county commissioners upon examination of the books and
accounts of the county treasurer that there are sufficient funds in his hands to the
credit of the redemption fund to pay in full the principal and accrued interest of any
of such bonds, it is the duty of such board immediately to call in and pay as many of
such bonds and accrued interest thereon as the funds ascertained to be on hand
will liquidate, and said board shall thereupon cancel such redeemed bonds and all
uncanceled interest coupons issued therewith. The bonds shall be called in and paid
in the order of their issuance, as nearly as may be practicable, and when it is desired
to redeem any of such bonds by said board it shall cause to be published for thirty
days in some newspaper at or nearest the county seat of the county a notice that
certain county bonds, specifying the number and amounts, will be paid upon
presentation, and at the expiration of such thirty days such bonds shall cease to
bear interest.

Legislative History

Source: G.L. � 450. G.S. � 673. R.S. 08: � 1366. C.L. � 8844. CSA: C. 45, � 196. CRS 53: � 36-6-3. C.R.S. 1963: � 36-6-3.