§ 37-41-129 — Limit of indebtedness - emergency

The board of directors or
other officers of the district shall have no power to incur any debt or liability
whatever, either by issuing bonds or otherwise, in excess of the express provisions
of this article, nor shall they add to the expenditure of any one fiscal year anything
over and above the amount provided for in the annual appropriation resolution
relating to that year, and any debt or liability incurred in excess of these provisions
shall be and remain absolutely void; except that said expenditures may be
increased in emergency cases if the same are authorized in writing by a number of
district electors equal to one-half the number who voted at the last annual district
election.

Legislative History

Source: L. 05: p. 264, � 28. R.S. 08: � 3467. L. 15: p. 314, � 1. C.L. � 2006. CSA: C. 90, � 405. CRS 53: � 149-1-29. C.R.S. 1963: � 150-1-29.