Colorado § 30-26-404 Disposition of bonds - outstanding canceled

Colorado Statutes

§ 30-26-404 — Disposition of bonds - outstanding canceled

Colorado·Title 30 Government·Art. Bonds

All such refunding
bonds may be exchanged, dollar for dollar, for the bonds to be refunded, or they
may be sold at not less than their par value, as directed by the board of county
commissioners, and the proceeds thereof shall be applied only to the purpose for
which such refunding bonds were issued. Such refunding bonds shall not be issued
until the outstanding bonds to be refunded have been called in and canceled in an
amount equal to or in excess of the bonds so issued, and all accrued interest on any
such bonds to be refunded shall be paid before such refunding bonds are issued.

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All such refunding
bonds may be exchanged, dollar for dollar, for the bonds to be refunded, or they
may be sold at not less than their par value, as directed by the board of county
commissioners, and the proceeds thereof shall be applied only to the purpose for
which such refunding bonds were issued. Such refunding bonds shall not be issued
until the outstanding bonds to be refunded have been called in and canceled in an
amount equal to or in excess of the bonds so issued, and all accrued interest on any
such bonds to be refunded shall be paid before such refunding bonds are issued.

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