The board of directors may sell bonds so authorized and issued from time to time as may be necessary for district purposes, having first by resolution declared its intention to do so and having appointed a day and hour therefor. Notice of such sale shall be given by publishing the same for twenty days in a daily newspaper published in the city of Denver, Colorado, and in such other newspapers as the board may designate. The notice shall state the time and place at which sealed bids shall be received to purchase such bonds as shall be offered, and sale shall be made to the highest responsible bidder; except that the board may reject all offers and refuse to sell in case no responsible bid is received for ninety-five cents or more on the dollar.
Source: L. 21: p. 537, § 21. C.L. § 2077. CSA: C. 90, § 452. CRS 53: § 149-2-21. C.R.S. 1963: § 150-2-21.
Cross references: For publication of legal notices, see part 1 of article 70 of title 24.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 42 - Irrigation District Law of 1921
§ 37-42-101. Petition for Organization - Schedule - Bond
§ 37-42-102. Date of Hearing - Notice
§ 37-42-103. Preliminary Report
§ 37-42-104. Hearing - Adjournments
§ 37-42-105. Adverse Report - Investigations
§ 37-42-106. Notice of Organization Meeting and Election
§ 37-42-107. Organization - Meeting - Voting
§ 37-42-108. Directors - Election
§ 37-42-109. Directors to File Map
§ 37-42-110. Directors to Organize - Powers
§ 37-42-111. Meetings of Directors - Notice
§ 37-42-112. District Elections - Definition
§ 37-42-113. Powers of District
§ 37-42-114. Landowners - Definition - Evidence of Ownership
§ 37-42-115. Land Board as Landowner
§ 37-42-117. Directors to Adopt Plans
§ 37-42-118. Bond Election - Ballots
§ 37-42-121. Sale of Bonds - Notice
§ 37-42-122. Bonds - Assessments
§ 37-42-123. Rescission of Action Authorizing Bonds
§ 37-42-124. Construction of Works - Bids - Notice - Contract - Bond
§ 37-42-125. Fiscal Year - Appropriation Resolution
§ 37-42-126. Assessment of Lands - Valuation
§ 37-42-127. Levy to Pay Interest and Expenses
§ 37-42-128. Collection of Assessments
§ 37-42-130. Call of Bonds - Surplus Fund
§ 37-42-131. Payment of General Expenses
§ 37-42-132. Relief From Bonded Indebtedness
§ 37-42-133. Exclusion of Land From District
§ 37-42-134. Inclusion of Land in District
§ 37-42-135. District to Lease Surplus Water
§ 37-42-136. Drainage of Lands - Surveys
§ 37-42-137. Sale of Surplus Water - Proceeds
§ 37-42-138. Confirmation of Organization and Bonds
§ 37-42-139. Dissolution of District - Election