Colorado § 37-42-118 Bond election - ballots

Colorado Statutes

§ 37-42-118 — Bond election - ballots

Colorado § 37-42-118

Title 37Water and

Art.Irrigation District Law of 1921

This text of Colorado § 37-42-118 (Bond election - ballots) is published on Counsel Stack Legal Research, covering Colorado primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Colo. Rev. Stat. § 37-42-118 (2026).

Text

(1)After the plan specified in section 37-42-117 has been adopted, the board of directors may then call a district election for the purpose of voting upon the question of authorization and issuance of district bonds in an amount and in such series and dates of maturities, but none later than forty years from date of issue and bearing such interest not exceeding seven percent, as shall be first determined by resolution of said board. Notice of said election shall be given as in case of other special elections of irrigation districts, or such question may be submitted at a general election. At the time and place named in the call, the election shall be held and the question of the authorization of bonds, and any other matter named in the call, shall be submitted to vote of the land

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(1) After the plan specified in section 37-42-117 has been adopted, the board of directors may then call a district election for
the purpose of voting upon the question of authorization and issuance of district
bonds in an amount and in such series and dates of maturities, but none later than
forty years from date of issue and bearing such interest not exceeding seven
percent, as shall be first determined by resolution of said board. Notice of said
election shall be given as in case of other special elections of irrigation districts, or
such question may be submitted at a general election. At the time and place named
in the call, the election shall be held and the question of the authorization of bonds,
and any other matter named in the call, shall be submitted to vote of the
landowners, who shall vote by ballot. On the ballots cast concerning the
authorization and issuance of bonds shall appear a recital of the amount of bonds
proposed, the series and dates of maturities, the rate of interest they shall bear,
and, beneath such recital, the words Bonds, Yes .... and Bonds, No ...., with a
cross marked opposite the words expressing the voter's choice. Bonds shall not be
construed to be authorized, and none shall be issued, except upon an affirmative
vote of the majority of the total voting strength of the district.

(2) If bonds are authorized, the board of directors shall immediately cause
the same to be issued. They shall be in denominations of not less than one hundred
dollars and not more than one thousand dollars and shall be in the total amount and
in such series and dates of maturities and bear interest as authorized by vote of the
landowners. All bonds so issued shall be numbered consecutively beginning with
the number one, shall become due in the order of their serial numbers, shall bear
interest payable semiannually evidenced by coupons attached thereto bearing the
same number as the bonds to which they are attached, and shall be registered with
the county treasurer of the county wherein is situated the office of such irrigation
district, and it is the duty of the county treasurer to keep a list of such bonds,
serially, with the names and addresses of the owners thereof, as furnished him from
time to time. Such bonds may contain a provision for redemption upon call, serially,
as provided in this article, shall be in such form as prescribed by the board of
directors, and shall be signed by the president of the district, attested by the
secretary thereof, and countersigned by the district treasurer. Such bonds may be
issued and the proceeds of their sale used for the payment of the first two years'
interest thereon and for any of the several purposes of this article, except for
maintenance, operation, or salaries.

(3) If a contract is proposed to be made with the United States, the question
to be submitted to the voters at such special election is whether a contract shall be
entered into with the United States. The notice of election shall state the maximum
amount of money payable to the United States for construction purposes, exclusive
of penalties and interest, and the water rights and other property, if any, to be
conveyed to the United States. The ballots for such election shall contain the words
Contract with the United States, Yes and Contract with the United States, No, or
words equivalent thereto.

Legislative History

Source: L. 21: p. 534, � 18. C.L. � 2074. L. 27: p. 455, � 1. CSA: C. 90, � 449. CRS 53: � 149-2-18. C.R.S. 1963: � 150-2-18. L. 91: (1) amended, p. 894, � 25, effective June 5.