§ 40-20-112 — Execution of contract

Colorado § 40-20-112

• Jurisdiction: Colorado
• Title 40: Utilities
• Art.: Organization and Government

Text

(1) Every such contract, specified in
sections 40-20-110 and 40-20-111, shall be good, valid, and effectual, both in law
and equity, against all purchasers and creditors, provided:

(a) The contract is acknowledged by the vendee or lessee before some
officer authorized by law to take acknowledgments of deeds;

(b) Such instrument is recorded or a copy thereof filed in the office of the
secretary of state and in the office of the county clerk and recorder of each of the
counties in which the railroad may be operated in this state;

(c) Each locomotive engine or car so sold or contracted to be sold or leased
has the name of the vendor or lessor or the assignee of such vendor or lessor
plainly placed or marked on each side thereof or otherwise marked so as to indicate
the ownership thereof or that the same is covered by such special contract.

Legislative History

Source: L. 1885: p. 303, � 3. R.S. 08: � 5525. C.L. � 2908. CSA: C. 139, � 94. CRS 53: � 116-1-12. C.R.S. 1963: � 116-1-12.