Colorado § 37-42-123 Rescission of action authorizing bonds

Colorado Statutes

§ 37-42-123 — Rescission of action authorizing bonds

Colorado § 37-42-123

Title 37Water and

Art.Irrigation District Law of 1921

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Bluebook

Colo. Rev. Stat. § 37-42-123 (2026).

Text

If the landowners of an
irrigation district desire to rescind their action authorizing an issue of bonds, they
may do so as to any such entire issue remaining unsold in the hands of the board of
directors in the same manner as such issue was authorized and upon an affirmative
vote of the majority of the total voting strength of the district, whereupon the board
of directors shall cancel or destroy said bonds and shall enter that fact, reciting the
numbers of such bonds so canceled or destroyed, in the minutes of their
proceedings.

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If the landowners of an
irrigation district desire to rescind their action authorizing an issue of bonds, they
may do so as to any such entire issue remaining unsold in the hands of the board of
directors in the same manner as such issue was authorized and upon an affirmative
vote of the majority of the total voting strength of the district, whereupon the board
of directors shall cancel or destroy said bonds and shall enter that fact, reciting the
numbers of such bonds so canceled or destroyed, in the minutes of their
proceedings.

Legislative History

Source: L. 21: p. 538, � 23. C.L. � 2079. CSA: C. 90, � 454. CRS 53: � 149-2-23. C.R.S. 1963: � 150-2-23. L. 91: Entire section amended, p. 894, � 27, effective June 5.