Colorado Statutes
§ 37-26-106 — Refunding bonds exchanged - when
The refunding bonds may
be exchanged for the outstanding bonds and interest so refunded, or they may be
sold, in which latter event, the proceeds shall be used solely for the purpose of
paying the principal of and the interest on the bonds refunded, and for improvement
of the district. In no event shall the principal amount of refunding bonds issued
exceed the amount of outstanding bonds and matured interest coupons
surrendered and canceled simultaneously with the issuance of refunding bonds.
Any exchange or sale of refunding bonds shall be made in such manner as to cause
no loss of interest to the district.
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Legislative History
Source: L. 33: p. 453, � 6. CSA: C. 57, � 100. CRS 53: � 47-7-6. C.R.S. 1963: �
47-7-6.
Nearby Sections
15
§ 37-1-101
Short title§ 37-1-102
Definitions§ 37-1-103
Liberal construction§ 37-1-104
Removal of officials for cause§ 37-1-105
Remedy by mandamus§ 37-1-106
Early hearings§ 37-1-107
Correction of faulty notices§ 37-1-108
Short forms and abbreviations§ 37-1-109
Repeal - saving clause§ 37-2-102
Petition§ 37-2-103
Bond of petitioners§ 37-2-104
Notice of hearing on petition§ 37-20-101
Legislative declaration