§ 37-43-139 — Bonds to retire warrants

Colorado § 37-43-139

• Jurisdiction: Colorado
• Title 37: Water and
• Art.: Irrigation Districts of 1905 and 1921

Text

Whenever any irrigation district
formed under the laws of this state has issued warrants for any purposes for which
said irrigation district could lawfully have issued its bonds, it is lawful for said
irrigation district to issue bonds for the purpose of retiring said warrants,
submitting the question at a general or special election to the qualified voters of
said district and otherwise complying with the provisions of the laws of this state in
relation to the issuing of bonds by irrigation districts, and when so issued said
bonds may be sold in the same manner as provided by law, at not less than ninety-five percent of the face value thereof, and the proceeds applied to the payment of
said warrants and accrued interest, or said bonds may be exchanged for said
warrants and accrued interest at not less than the face value of said bonds.

Legislative History

Source: L. 13: p. 385, � 1. C.L. � 1992. CSA: C. 90, � 519. CRS 53: � 149-3-38. C.R.S. 1963: � 150-3-38.