§ 32-11-529 — Special obligation securities

(1) The district may issue as
special obligations any of the following types of district securities, in anticipation of
net pledged revenues; but not under any circumstances under their terms and the
proceedings authorizing their issuance, in anticipation of taxes nor in anticipation of
gross pledged revenues:

(a) Notes;

(b) Warrants;

(c) Interim debentures;

(d) Bonds; and

(e) Temporary bonds.

(2) Such special obligation district securities may be payable from, secured
by a pledge of, and constitute a lien on net pledged revenues.

Legislative History

Source: L. 69: p. 772, � 71. C.R.S. 1963: � 89-21-71.