§ 32-11-542 — Appropriation of taxes

There is by this article, and there shall be
by resolution authorizing the issuance of any indebtedness contracted in
accordance with the provisions of this article, specially appropriated the proceeds
of such taxes to the payment of the principal thereof and any interest thereon; and
such appropriations shall not be repealed nor the taxes postponed or diminished,
except as otherwise expressly provided in this article, until the principal of and
interest on the district securities evidencing such debt or other indebtedness
evidenced by other contract have been wholly paid.

Legislative History

Source: L. 69: p. 775, � 84. C.R.S. 1963: � 89-21-84.