Colorado § 31-21-213 Redemption of refunding bonds prior to maturity - procedures

Colorado Statutes

§ 31-21-213 — Redemption of refunding bonds prior to maturity - procedures

Colorado·Title 31 Government·Art. Bonds

(1)If any bonds of a municipality, either bonds issued for refunding purposes or bonds issued for other purposes as set forth in section 31-15-302 (1)(d), are made redeemable prior to their respective maturities and the governing body determines that any part of such bonds should be called for redemption according to their terms, it is the duty of the clerk of such municipality, 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 once in a newspaper customarily used by said municipality 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 date and place on which said bonds shall be redeemed a

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(1) If any bonds of a municipality, either bonds issued for refunding purposes or
bonds issued for other purposes as set forth in section 31-15-302 (1)(d), are made
redeemable prior to their respective maturities and the governing body determines
that any part of such bonds should be called for redemption according to their
terms, it is the duty of the clerk of such municipality, 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 once in a newspaper
customarily used by said municipality 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 date and place 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.

Colorado § 31-21-213 (Redemption of refunding bonds prior to maturity - procedures) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.