Colorado Statutes

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

Colorado § 30-26-305
JurisdictionColorado
Title 30Government
Art.Bonds

This text of Colorado § 30-26-305 (Sale of bonds - rate - redemption - cancellation) 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. § 30-26-305 (2026).

Text

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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Legislative History

Source: G.L. � 452. G.S. � 675. R.S. 08: � 1368. C.L. � 8846. CSA: C. 45, � 198. CRS 53: � 36-6-5. C.R.S. 1963: � 36-6-5.

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Bluebook (online)
Colorado § 30-26-305, Counsel Stack Legal Research, https://law.counselstack.com/statute/co/30/30-26-305.