Colorado § 31-25-1113 Bonds applied to purchase price

Colorado Statutes

§ 31-25-1113 — Bonds applied to purchase price

Colorado § 31-25-1113

Title 31Government

Art.Public Improvements

This text of Colorado § 31-25-1113 (Bonds applied to purchase price) 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. § 31-25-1113 (2026).

Text

At any such sale, the
purchaser, for the purpose of making settlement or payments for property
purchased, shall be entitled to turn in or apply toward the payment of the purchase
price any of the bonds or other securities which are made payable out of the
proceeds of the assessments for the collection of which such sale is made, together
with any matured and unpaid coupons, and shall be entitled to be credited therefor
to the extent of the par value of such bonds and coupons. Such bonds and coupons
so applied in payment by the purchaser shall be deemed to be paid to the extent of
the amount so turned in.

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At any such sale, the
purchaser, for the purpose of making settlement or payments for property
purchased, shall be entitled to turn in or apply toward the payment of the purchase
price any of the bonds or other securities which are made payable out of the
proceeds of the assessments for the collection of which such sale is made, together
with any matured and unpaid coupons, and shall be entitled to be credited therefor
to the extent of the par value of such bonds and coupons. Such bonds and coupons
so applied in payment by the purchaser shall be deemed to be paid to the extent of
the amount so turned in.