For the half-yearly interest accruing on such bonds actually issued and delivered, the board of directors of said district shall levy annually a sufficient tax to fully discharge such interest, and, for the ultimate redemption of such bonds, they shall levy annually such tax upon all the taxable property of such district as will create a yearly fund sufficient to pay the bonds maturing in such year. All taxes for interest on and for the redemption of such bonds shall be paid in cash only and shall be kept by the district treasurer as a special fund to be used in payment of interest on, and for the payment of, such bonds annually, and such tax shall be levied and collected as other taxes. If the board of directors of the district fails to levy and certify such taxes to the board of county commissioners of Mesa county, it nevertheless is the duty of such board of county commissioners to levy such taxes.
Source: L. 23: p. 301, § 52. CSA: C. 57, § 178. CRS 53: § 47-12-52. C.R.S. 1963: § 47-12-52.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 31 - Grand Valley Drainage District
§ 37-31-101. Public Necessity of Drainage District in Grand Valley
§ 37-31-102. Grand Valley Drainage District Created - Boundaries - Inclusion of Land
§ 37-31-103. Successor to Grand Junction Drainage District
§ 37-31-104. Government of District
§ 37-31-105. General Powers of District
§ 37-31-106. Nomination of Directors
§ 37-31-107. General Election Laws Apply - Rules
§ 37-31-108. Call and Notice of Election
§ 37-31-109. Regular Election - Directors Elected
§ 37-31-110. Election Precincts
§ 37-31-111. Judges of Election
§ 37-31-112. Appointment of Substitute Judges
§ 37-31-113. Oath of Judge of Election
§ 37-31-114. No Registration of Voters
§ 37-31-115. Canvass of Vote - Certificate of Election
§ 37-31-116. In Case of Tie Determination by Lot
§ 37-31-117. Contest of Election
§ 37-31-119. Purposes of District - Powers of Board of Directors
§ 37-31-120. Meetings of Directors
§ 37-31-121. Meetings Public - Quorum - Records
§ 37-31-122. Directors May Sell Bonds
§ 37-31-123. No Director Interested in Contract
§ 37-31-124. Directors May Contract - With Whom
§ 37-31-125. Vacancy on Board of Directors
§ 37-31-126. Bonds of Directors
§ 37-31-127. Right of Entry to Survey
§ 37-31-128. Treasurer of District
§ 37-31-129. Salary and Expenses of Officers
§ 37-31-130. Location of Office
§ 37-31-131. Funds Paid on Warrant
§ 37-31-132. Warrants Not Paid Draw Interest
§ 37-31-135. Treasurer to Report
§ 37-31-137. Property Taxable and Service Fees Chargeable by District
§ 37-31-138. General Tax Laws Apply
§ 37-31-139. Certification of Property Values
§ 37-31-140. District Tax on Tax List and Included in Warrant
§ 37-31-141. Certification and Levy of Tax
§ 37-31-142. Title to Property - Tax Exemption
§ 37-31-143. General Tax Exemptions Apply
§ 37-31-144. Election on Bonds
§ 37-31-145. Procedure of Holding of Election
§ 37-31-147. Majority Vote Bonds Issued - Form of Bonds and Coupons
§ 37-31-148. Authorization of Different Series of Payments
§ 37-31-149. Contents of Notice - Sale
§ 37-31-150. Levy of Tax for Payment
§ 37-31-151. Judicial Confirmation of Bonds
§ 37-31-152. Right of Eminent Domain
§ 37-31-153. Publication of Notice for Bids
§ 37-31-154. Contractor's Bond - Engineer to Supervise
§ 37-31-155. Use of Existing Drainage Works