Revenue bonds issued under this part 4 shall not constitute an indebtedness of the municipality within the meaning of any constitutional or statutory limitations. Each bond issued under this part 4 shall recite in substance that said bond, including interest thereon, is payable solely from the revenues pledged to the payment thereof and that said bond does not constitute a debt of the municipality within the meaning of any constitutional or statutory limitations.
Source: L. 75: Entire title R&RE, p. 1257, § 1, effective July 1.
Editor's note: This section is similar to former § 31-35-408 as it existed prior to 1975.
Structure Colorado Code
Title 31 - Government - Municipal
Part 4 - Sewer and Water Systems
§ 31-35-403. Authorization of Facilities and Bonds
§ 31-35-405. Signatures on Bonds
§ 31-35-407. Covenants in Bond Ordinance
§ 31-35-408. No Municipal Liability on Bonds
§ 31-35-409. Remedies of Bondholders
§ 31-35-410. Construction of Part 4
§ 31-35-411. Pledge of Other Utility Revenues
§ 31-35-413. Incontestable Recital in Bonds
§ 31-35-414. Application of Bond Proceeds