Colorado Statutes
§ 37-26-113 — Assessments on a parity with general taxes
The lien of
assessments to pay refunding bonds and the interest thereon shall be on a parity
with the lien of general taxes, and no sale of property for the nonpayment of
general taxes shall extinguish the lien of such assessments. Except as provided by
this article, the lien of any assessment levied against appraised benefits or
otherwise for the payment of an original issue of bonds and interest thereon shall
continue and persist for the benefit of the owners of refunding bonds, which owners
shall be subrogated to all the rights and remedies of the owners of bonds refunded;
except that if there is a reduction in the amount of outstanding bonds there shall be
a corresponding reduction in the amount of the lien.
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Legislative History
Source: L. 33: p. 459, � 10. CSA: C. 57, � 107. CRS 53: � 47-7-13. C.R.S. 1963: � 47-7-13.
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