Refunding bonds of any maturity may be used at face value in paying assessments levied to pay the principal of refunding bonds, if bonds so used have all future due coupons thereto attached and no credit shall be allowed for such coupons. Interest coupons maturing in any year may be used at face value in paying interest assessments which become due and payable in that year.
Source: L. 33: p. 460, § 12. CSA: C. 57, § 109. CRS 53: § 47-7-15. C.R.S. 1963: § 47-7-15.
Structure Colorado Code
Title 37 - Water and Irrigation
§ 37-26-101. Refunding Bonds May Be Issued
§ 37-26-102. Refunding Bonds Issued - When
§ 37-26-104. Maturity and Form
§ 37-26-106. Refunding Bonds Exchanged - When
§ 37-26-107. Consent of Unknown Bondholders
§ 37-26-108. Bondholders to Offer to Exchange Bonds
§ 37-26-109. District to File Verified Return - Decree
§ 37-26-110. Bondholders Deemed to Have Notice
§ 37-26-111. Assessment to Pay Bonds and Interest
§ 37-26-112. Collection and Record of Assessment
§ 37-26-113. Assessments on a Parity With General Taxes
§ 37-26-114. Money Applied Proportionately - When
§ 37-26-115. Matured Bonds Used for Paying Assessments
§ 37-26-116. Construction of Article
§ 37-26-117. Manner of Releasing Lands From Lien