Colorado § 43-3-204 Bond details

Colorado Statutes

§ 43-3-204 — Bond details

Colorado·Title 43 Transportation·Art. Special Highway Construction

All bonds issued under the provisions of this part 2
shall bear interest at a rate not exceeding a maximum net effective rate authorized
by resolution of the transportation commission on the face value of the issue of
bonds and shall be in such form and executed in such manner and shall be payable
at such times extending not more than thirty years from the date thereof, shall
contain the provisions for prior redemption, and shall be payable at such places as
the department of transportation determines. The bonds shall be sold at public or
private sale on such terms as the department of transportation may determine. In
case any of the officers whose signatures or countersignatures appear on the
bonds or the coupons attached thereto cease to be officers before delivery of the
bonds

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All bonds issued under the provisions of this part 2
shall bear interest at a rate not exceeding a maximum net effective rate authorized
by resolution of the transportation commission on the face value of the issue of
bonds and shall be in such form and executed in such manner and shall be payable
at such times extending not more than thirty years from the date thereof, shall
contain the provisions for prior redemption, and shall be payable at such places as
the department of transportation determines. The bonds shall be sold at public or
private sale on such terms as the department of transportation may determine. In
case any of the officers whose signatures or countersignatures appear on the
bonds or the coupons attached thereto cease to be officers before delivery of the
bonds, the signatures and countersignatures shall nevertheless be valid and
sufficient for all purposes with the same force and effect as if they had remained in
office until the delivery. The bonds shall contain on their face the designation of the
project as determined by the department of transportation and in anticipation of the
revenues of which the same are issued. All bonds issued under the provisions of this
part 2 shall have and are declared to have all the qualities and incidents of
negotiable instruments under the law of the state.

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Legislative History

Source: L. 49: p. 604, � 4. CSA: C. 143, � 125(4). CRS 53: � 120-8-4. L. 56, Ex. Sess.: p. 38, � 5. C.R.S. 1963: � 120-8-4. L. 84: Entire section amended, p. 1113, � 3, effective April 9. L. 91: Entire section amended, p. 1114, � 164, effective July 1. L. 96: Entire section amended, p. 463, � 4, effective April 23.