§ 37-42-121 — Sale of bonds - notice

Colorado § 37-42-121

• Jurisdiction: Colorado
• Title 37: Water and
• Art.: Irrigation District Law of 1921

Text

The board of directors may sell bonds so
authorized and issued from time to time as may be necessary for district purposes,
having first by resolution declared its intention to do so and having appointed a day
and hour therefor. Notice of such sale shall be given by publishing the same for
twenty days in a daily newspaper published in the city of Denver, Colorado, and in
such other newspapers as the board may designate. The notice shall state the time
and place at which sealed bids shall be received to purchase such bonds as shall be
offered, and sale shall be made to the highest responsible bidder; except that the
board may reject all offers and refuse to sell in case no responsible bid is received
for ninety-five cents or more on the dollar.

Legislative History

Source: L. 21: p. 537, � 21. C.L. � 2077. CSA: C. 90, � 452. CRS 53: � 149-2-21. C.R.S. 1963: � 150-2-21.