If the landowners of an irrigation district desire to rescind their action authorizing an issue of bonds, they may do so as to any such entire issue remaining unsold in the hands of the board of directors in the same manner as such issue was authorized and upon an affirmative vote of the majority of the total voting strength of the district, whereupon the board of directors shall cancel or destroy said bonds and shall enter that fact, reciting the numbers of such bonds so canceled or destroyed, in the minutes of their proceedings.
Source: L. 21: p. 538, § 23. C.L. § 2079. CSA: C. 90, § 454. CRS 53: § 149-2-23. C.R.S. 1963: § 150-2-23. L. 91: Entire section amended, p. 894, § 27, effective June 5.
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