The determination of the governing body of the issuer that the limitations under this article imposed upon the issuance of refunding public securities have been met shall be conclusive in the absence of fraud or arbitrary and gross abuse of discretion.
Source: L. 63: p. 891, § 10. C.R.S. 1963: § 125-8-10.
Structure Colorado Code
Title 11 - Financial Institutions
Article 54 - Refunding Revenue Securities Law
§ 11-54-103. Refunding Public Securities
§ 11-54-104. Method of Issuance
§ 11-54-105. Limitations Upon Issuance
§ 11-54-106. Use of Proceeds of Refunding Public Securities
§ 11-54-107. Payment of Refunding Public Securities
§ 11-54-108. Combination of Refunding and Other Public Securities
§ 11-54-109. Supplemental Provisions
§ 11-54-110. Governing Body's Determination Final
§ 11-54-111. Public Security Provisions
§ 11-54-112. Signatures on Public Securities
§ 11-54-113. Covenants in Authorizing Ordinance
§ 11-54-114. Incontestable Recital in Public Securities
§ 11-54-115. Cumulative and Continuing Rights of Holders of Public Securities
§ 11-54-116. Construction of Article