Colorado § 32-11-515 Repurchase of securities

Colorado Statutes

§ 32-11-515 — Repurchase of securities

Colorado·Title 32 Special·Art. Urban Drainage and Flood Control Act

Any bonds or other district securities
may be repurchased by the board out of any funds available for such purpose at a
price of not more than the principal amount thereof and accrued interest, plus the
amount of the premium, if any, which might on the next prior redemption date of
such securities be paid to the holders thereof if such securities should be called for
redemption on such date pursuant to their terms. All securities so repurchased
shall be canceled; but if the securities are not called for prior redemption at the
district's option within one year from the date of their purchase, they may be
repurchased without limitation as to price.

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Any bonds or other district securities
may be repurchased by the board out of any funds available for such purpose at a
price of not more than the principal amount thereof and accrued interest, plus the
amount of the premium, if any, which might on the next prior redemption date of
such securities be paid to the holders thereof if such securities should be called for
redemption on such date pursuant to their terms. All securities so repurchased
shall be canceled; but if the securities are not called for prior redemption at the
district's option within one year from the date of their purchase, they may be
repurchased without limitation as to price.

Colorado § 32-11-515 (Repurchase of securities) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.