Colorado Statutes
§ 37-46-144 — Liens on pledged revenues
(1)Revenues pledged for the
payment of any bonds, as received by or otherwise credited to the district or
subdistrict issuing bonds under this article, shall immediately be subject to the lien
of each such pledge without any physical delivery thereof, any filing, or any further
act.
(2)The lien of each such pledge and the obligation to perform the
contractual provisions made in the authorizing resolution or other instrument
pertaining thereto shall have priority over any or all other obligations or liabilities of
the district or subdistrict, except as may be otherwise provided in this article or in
the resolution or other instrument, and subject to any prior pledges and liens
theretofore created.
(3)The lien of each such pledge shall be valid and binding as against all
perso
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Legislative History
Source: L. 77: Entire section added, p. 1648, � 5, effective June 9.
Nearby Sections
15
§ 37-1-101
Short title§ 37-1-102
Definitions§ 37-1-103
Liberal construction§ 37-1-104
Removal of officials for cause§ 37-1-105
Remedy by mandamus§ 37-1-106
Early hearings§ 37-1-107
Correction of faulty notices§ 37-1-108
Short forms and abbreviations§ 37-1-109
Repeal - saving clause§ 37-2-102
Petition§ 37-2-103
Bond of petitioners§ 37-2-104
Notice of hearing on petition§ 37-20-101
Legislative declaration