§ 37-26-107 — Consent of unknown bondholders

Colorado § 37-26-107

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

Text

If the board of directors of
any drainage district issuing or intending to issue refunding bonds desires to obtain
the constructive consent of unknown and nonconsenting holders of bonds or claims
for interest thereon desired to be retired or refunded under this article, such board
of directors, before selling or otherwise disposing of any such refunding bonds,
shall declare by resolution its intention of selling or otherwise disposing of the
same and shall cause such resolution to be entered on its minutes and shall cause
notice of sale or other disposition to be given by publication thereof at least once a
week for four consecutive weeks in three newspapers published in the state of
Colorado, one of which shall be a newspaper published in the city of Denver and one
of which shall be a newspaper published in the county in which the office of the
board of directors is situated.

Legislative History

Source: L. 33: p. 454, � 7. CSA: C. 57, � 101. CRS 53: � 47-7-7. C.R.S. 1963: � 47-7-7.