Colorado § 37-43-151 Relief of lands from burden of refunded indebtedness

Colorado Statutes

§ 37-43-151 — Relief of lands from burden of refunded indebtedness

Colorado·Title 37 Water and·Art. Irrigation Districts of 1905 and 1921

At any
refunding bond election held under the provisions of sections 37-43-144 to 37-43-151, the board of directors may submit to the voters of the district the question of
giving landowners the privilege of relieving their lands from the lien of taxes or
assessments to be levied for the payment of said refunding bonds and the interest
thereon. If authorized by a majority of those voting on the question, any owner of
land within the district, who is not in default in the payment of irrigation district
taxes or assessments, may relieve his lands from the burden of such refunded
indebtedness by paying to the district treasurer an amount of money sufficient to
retire district bonds in such ratio to the total bonded indebtedness of the district as
the acreage of lands which he owns wi

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At any
refunding bond election held under the provisions of sections 37-43-144 to 37-43-151, the board of directors may submit to the voters of the district the question of
giving landowners the privilege of relieving their lands from the lien of taxes or
assessments to be levied for the payment of said refunding bonds and the interest
thereon. If authorized by a majority of those voting on the question, any owner of
land within the district, who is not in default in the payment of irrigation district
taxes or assessments, may relieve his lands from the burden of such refunded
indebtedness by paying to the district treasurer an amount of money sufficient to
retire district bonds in such ratio to the total bonded indebtedness of the district as
the acreage of lands which he owns within such district bears to the total acreage
thereof subject to such bonded indebtedness plus fifteen percent for the privilege
of discharging his total indebtedness to the district at one time. The treasurer shall
thereupon issue to such landowner his official receipt in duplicate, one of which
receipts shall be filed with the secretary of such irrigation district and one filed for
record in the office of the county clerk and recorder of the county wherein the
lands involved are situate, and from and after such filing, such lands shall be free
and clear from all liens, levies, and assessments of such bonded indebtedness for
which such payment was made.

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