§ 32-11-503 — Recourse against district personnel

Colorado § 32-11-503

• Jurisdiction: Colorado
• Title 32: Special
• Art.: Urban Drainage and Flood Control Act

Text

No recourse shall be had
for the payment of the principal of, any interest on, and any prior redemption
premiums due in connection with any bonds or other district securities or other
obligations of the district evidenced by any other contract or for any claim based
thereon or otherwise upon the resolution authorizing the issuance of such securities
or the incurrence of such other obligations, or other instrument pertaining thereto,
against any individual director or any officer or other agent of the district, past,
present, or future, either directly or indirectly through the board or the district, or
otherwise, whether by virtue of any constitution, statute, or rule of law, or by the
endorsement of any penalty or otherwise, all such liability, if any, shall be by the
acceptance of the securities and as a part of the consideration of their issuance or
by the making of any other contract specially waived and released.

Legislative History

Source: L. 69: p. 766, � 45. C.R.S. 1963: � 89-21-45.