§ 37-43-157 — Petition - where filed - contents

Colorado § 37-43-157

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

Text

A majority of the legally
qualified electors of any irrigation district, or the holders of the legal title to a
majority of the whole acreage of said district, or seventy-five percent or more in
amount of the holders of the bonds issued by said irrigation district may propose
the dissolution of said district by a petition signed by the petitioners. In case of a
petition by the bondholders, said petition may be signed by said bondholders or by
any one or more persons or corporations representing said bondholders and filed
with the board of directors of said district, which petition shall set forth the amount
of the outstanding bonds, coupons, and other indebtedness, if any, insofar as known
to the petitioners, together with a general description of the same and the amount
overdue thereon, if any, and the holders, insofar as known, showing the amount of
each description of indebtedness and the ownership, insofar as known, of the same
and also the estimated cost of the dissolution of said district. The petition shall also
state the assets of said district, including the irrigation system, if any, dams,
reservoirs, canals, franchises, and water rights. If any proposition has been made by
the holders of said indebtedness to settle the same, said proposition, together with
any plan proposed to carry the same into execution, shall be included in said
petition.

Legislative History

Source: L. 15: p. 307, � 2. C.L. � 2036. CSA: C. 90, � 534. CRS 53: � 149-3-56. C.R.S. 1963: � 150-3-56.