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

Colorado Statutes

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

Colorado·Title 37 Water and·Art. Irrigation District Law of 1921

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.

Free access — add to your briefcase to read the full text and ask questions with AI

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.

Colorado § 37-42-123 (Rescission of action authorizing bonds) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.

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.