Colorado § 30-26-305 Sale of bonds - rate - redemption - cancellation

Colorado Statutes

§ 30-26-305 — Sale of bonds - rate - redemption - cancellation

Colorado·Title 30 Government·Art. Bonds

The board of
county commissioners has the right to sell any of such bonds, but no bond shall be
sold unless for cash, and not then at a discount of more than fifteen percent of its
par value. The money arising from the sale of such bonds shall be forthwith used for
the objects for which the debt was created, and for no other purpose whatever.
When any such bonds or any coupons are redeemed, the board of county
commissioners, in the presence of the clerk of said board or his deputy, shall cancel
such bonds or coupons by writing the word canceled on the face of such bonds or
coupons, and such board shall make a record of the proceedings, stating what
bonds or coupons were canceled.

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The board of
county commissioners has the right to sell any of such bonds, but no bond shall be
sold unless for cash, and not then at a discount of more than fifteen percent of its
par value. The money arising from the sale of such bonds shall be forthwith used for
the objects for which the debt was created, and for no other purpose whatever.
When any such bonds or any coupons are redeemed, the board of county
commissioners, in the presence of the clerk of said board or his deputy, shall cancel
such bonds or coupons by writing the word canceled on the face of such bonds or
coupons, and such board shall make a record of the proceedings, stating what
bonds or coupons were canceled.

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