The land so disconnected shall not be exempt from the payment of any taxes lawfully assessed against it for the purpose of paying any indebtedness lawfully contracted by the governing body of said town while said land was within the limits thereof and which remains unpaid and for the payment of which said land could be lawfully taxed.
Source: L. 75: Entire title R&RE, p. 1104, § 1, effective July 1.
Editor's note: This section is similar to former § 31-8-505 as it existed prior to 1975.
Structure Colorado Code
Title 31 - Government - Municipal
Article 12 - Annexation - Consolidation - Disconnection
Part 7 - Disconnection by Court Decree - Statutory Towns
§ 31-12-701. Part 7 Relates to Towns Only
§ 31-12-702. Petition Court to Disconnect From Town
§ 31-12-703. Petition - Contents
§ 31-12-704. Hearing - Decree - Proviso
§ 31-12-705. Land Not Exempt From Prior Taxes