§ 37-46-125 — Lawful contracts

Colorado § 37-46-125

• Jurisdiction: Colorado
• Title 37: Water and
• Art.: Colorado River Water Conservation District

Text

(1) When the petition for the organization of a
subdistrict and the decree for such organization so provide, it is lawful for any said
subdistrict to make contracts as follows:

(a) A water users' association may bind itself to levy an annual assessment
for the use of water and to secure same by liens on land and water rights or in such
manner as may be provided by law.

(b) Any person or corporation landowner may create a mortgage lien upon
lands or give other security satisfactory to the board or any other contracting
agency, and all such contracts shall provide for forfeiture of the use of water for
nonpayment of assessments or installments in the same manner and procedure as
provided by statute for forfeiture of stock in a mutual ditch company.

Legislative History

Source: L. 37: p. 1023, � 23. CSA: C. 138, � 199(23). CRS 53: � 149-8-23. C.R.S. 1963: � 150-7-23.