§ 36-3-113 — Provision for contract - bond

Upon the withdrawal of the land by
the department of the interior, it is the duty of the board to enter into a contract
with the party submitting the proposal, which contract shall contain complete
specifications of the location, dimensions, character, and estimated cost of the
proposed ditch, canal, or other irrigation work and state the price and terms upon
which the state is to dispose of the lands to settlers and such other conditions and
provisions as the board may direct. This contract shall not be entered into on the
part of the state until the withdrawal of these lands by the department of the
interior and the filing of a satisfactory bond on the part of the proposed contractor
for irrigation works, which bond shall be in a penal sum equal to five percent of the
estimated cost of the works and conditioned upon carrying out the provisions of the
contract with the state.

Legislative History

Source: L. 1895: p. 161, � 11. R.S. 08: � 5148. C.L. � 1133. CSA: C. 134, � 31. CRS 53: � 112-2-13. C.R.S. 1963: � 112-2-13.