§ 32-11-508 — Additional securities details

Colorado § 32-11-508

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

Text

(1) As the board may determine,
any bonds and other district securities issued under this article, except as
otherwise provided in this article or in any law supplemental thereto, may:

(a) Be of a convenient denomination or denominations;

(b) Be fully negotiable within the meaning of and for all the purposes of the
Uniform Commercial Code - Investment Securities, being article 8 of title 4,
C.R.S.;

(c) Mature at such time or serially at such times in regular numerical order at
annual or other designated intervals in amounts designated and fixed by the board;

(d) Bear interest payable annually, semiannually, or at other designated
intervals, but the first interest payment date may be for interest accruing for any
other period;

(e) Be made payable in lawful money of the United States, at the office of
the treasurer, any county treasurer, or any commercial bank within or without or
both within and without the state as may be provided by the board; and

(f) Be printed at such place within or without this state, as the board may
determine.

Legislative History

Source: L. 69: p. 768, � 50. C.R.S. 1963: � 89-21-50.