Colorado § 30-35-711 Redemption of refunding bonds prior to maturity - procedures

Colorado Statutes

§ 30-35-711 — Redemption of refunding bonds prior to maturity - procedures

Colorado·Title 30 Government·Art. Home Rule Counties

(1)In the event that any bonds of a home rule county, either bonds issued for refunding purposes or bonds issued for other purposes as set forth in section 30-35-201 (6), have been or are made redeemable prior to their respective maturities and the governing body determines that all or any part of such bonds should be called for redemption, according to their terms, it is the duty of the county clerk and recorder, as soon as the governing body has authorized the redemption, to cause notice to be given of such action.

(2)Such notice shall be given by publication at least one time in a newspaper customarily used by said county for legal notices at least thirty days prior to the date on which said bonds are to be redeemed and paid. Such notice shall contain the place or places and

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(1) In the event that any bonds of a home rule county, either bonds issued for
refunding purposes or bonds issued for other purposes as set forth in section 30-35-201 (6), have been or are made redeemable prior to their respective maturities
and the governing body determines that all or any part of such bonds should be
called for redemption, according to their terms, it is the duty of the county clerk
and recorder, as soon as the governing body has authorized the redemption, to
cause notice to be given of such action.

(2) Such notice shall be given by publication at least one time in a newspaper
customarily used by said county for legal notices at least thirty days prior to the
date on which said bonds are to be redeemed and paid. Such notice shall contain
the place or places and date on which said bonds shall be redeemed and paid, shall
describe the bonds by their legal designation, date, number, and amount, and shall
state that after the date so fixed for redemption and payment the interest on said
bonds shall cease.

(3) After the date so fixed for redemption and payment, the bonds so called
for redemption and payment shall cease to draw interest.

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