Colo. Rev. Stat. § 37-43-147
Sale of bonds
Colorado · Colorado Revised Statutes Title 37 — Water and Irrigation · Status: effective
Cite this
- Citation
- Colo. Rev. Stat. § 37-43-147, Sale of bonds, Colorado, version 1 as recorded 2026-10-03, yourstate.us, https://yourstate.us/provision/2316049
- Permanent ID
ys:prov:2316049@1- SHA-256
90c2bceed676dd2d4b80edbe9f65e81f5be2a4b0019f2185a400a30c5e36644e
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
In case of the sale of said refunding bonds or any portion thereof for cash, the same procedure shall be followed as in case of the sale of an original issue of bonds; but, if no bid of par or better is received at public sale, said bonds may be sold at private sale. No bond shall be sold for less than ninety-five percent of the par value thereof. The money realized from said sale shall be used only for the purpose of paying the indebtedness for which said refunding bonds were issued. Any part or all of said issue of refunding bonds may be exchanged for the indebtedness to be refunded; but the par value of the refunding bonds exchanged shall not exceed the par value of the indebtedness refunded thereby. All indebtedness so discharged, either by payment or exchange, shall immediately be canceled by the county treasurer of the county in which the office of the district is located.