§ 37-26-105 — Mature serially

Colorado § 37-26-105

• Jurisdiction: Colorado
• Title 37: Water and
• Art.: Refunding Bonds

Text

The refunding bonds shall mature serially, the
first payment to be in not more than five years and the last payment in not more
than thirty-five years from the date of the bonds; but each bond issued shall be
redeemable at the option of the district five years prior to its maturity and on any
interest-paying date thereafter. Interest on any bond called for payment shall
cease thirty days after publication of a notice of call in a newspaper published or of
general circulation in the district. Consistently with the denomination of the bonds
issued, maturities shall be in substantially equal annual amounts of principal, or in
such amounts as will require substantially equal annual assessments for principal
and interest throughout the period, commencing not later than five years after the
date of the bonds.

Legislative History

Source: L. 33: p. 453, � 5. CSA: C. 57, � 99. CRS 53: � 47-7-5. C.R.S. 1963: � 47-7-5.