§ 37-45-119 — Power to acquire rights-of-way

Whenever, pursuant to this
article, the electors of a water conservancy district have authorized a contract with
the United States for construction and acquisition of works and water rights, which
contract has obligated the district to acquire rights-of-way therefor to be conveyed
by the district to the United States upon reimbursement by the United States, then
the district, without further election and through its board of directors, has power to
do all acts for acquiring such rights-of-way, including borrowing of and paying
interest upon such sums of money as shall be required to make deposits fixed by
the court for possession and to pay awards on condemnation of said rights-of-way
as well as amounts up to the appraised values of the particular rights-of-way as
have been fixed by the appraisers for the United States in each instance of
negotiated purchases, notwithstanding the sum borrowed shall be greater than the
ordinary annual incomes and revenues of the district; and all debts incurred, and
interest payments made prior to February 5, 1943, for the aforesaid purposes, are
expressly authorized, ratified, and approved.

Legislative History

Source: L. 43: p. 641, � 1. CSA: C. 173B, � 27(1). CRS 53: � 149-6-14. C.R.S. 1963: � 150-5-14.