§ 32-11-563 — Funding bonds

(1) For the purpose of funding any interim
debentures, any bonds pledged as collateral security to secure the payment of
such interim debentures, upon their surrender as pledged property, may be
reissued without an election, and any bonds not previously issued but authorized to
be issued at an election pursuant to section 32-11-533 for a purpose the same as or
encompassing the purpose for which the interim debentures were issued, may be
issued for such a funding.

(2) Any such bonds shall mature at such time as the board may determine,
except as otherwise provided in section 32-11-551.

(3) Bonds for funding (including but not necessarily limited to any such
reissued bonds) and bonds for any other purpose may be issued separately or
issued in combination in one series or more.

(4) Except as otherwise provided in sections 32-11-559 to 32-11-563, any
such funding bonds shall be issued as is provided in this article for other bonds.

Legislative History

Source: L. 69: p. 782, � 105. C.R.S. 1963: � 89-21-105.