In case of the sale of said refunding bonds or any portion thereof for cash, the same procedure shall be followed as in case of the sale of an original issue of bonds; but, if no bid of par or better is received at public sale, said bonds may be sold at private sale. No bond shall be sold for less than ninety-five percent of the par value thereof. The money realized from said sale shall be used only for the purpose of paying the indebtedness for which said refunding bonds were issued. Any part or all of said issue of refunding bonds may be exchanged for the indebtedness to be refunded; but the par value of the refunding bonds exchanged shall not exceed the par value of the indebtedness refunded thereby. All indebtedness so discharged, either by payment or exchange, shall immediately be canceled by the county treasurer of the county in which the office of the district is located.
Source: L. 35: p. 674, § 4. CSA: C. 90, § 524. CRS 53: § 149-3-46. C.R.S. 1963: § 150-3-46.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 43 - Irrigation Districts of 1905 and 1921 and Irrigation District Salinity Control Act
Part 1 - Irrigation Districts of 1905 and 1921
§ 37-43-101. Definition of Landowner
§ 37-43-102. Landowners to Vote for Directors on Acreage Basis
§ 37-43-103. Directors May Submit Question
§ 37-43-105. Increasing Number of Directors
§ 37-43-106. Calling Election - Ballot
§ 37-43-109. Canvassing Vote - Directors-at-Large
§ 37-43-110. When Directors-at-Large Elected
§ 37-43-111. Eligibility of Directors
§ 37-43-112. Agricultural College and School Lands Included
§ 37-43-113. Petition - Form and Execution
§ 37-43-115. Mode of Payment - Receipts
§ 37-43-116. Purchaser to Pay Accrued Assessments
§ 37-43-117. Lessee to Pay Assessments in Addition to Rent
§ 37-43-118. Purchasers to Pay to Register Until Patent
§ 37-43-119. Board of Directors May Exclude Land
§ 37-43-120. Land May Be Excluded at Time of Refinancing
§ 37-43-121. Prior Exclusion of Lands
§ 37-43-122. Irrigation Districts to Provide Drainage
§ 37-43-123. Title in Seepage or Waste Waters
§ 37-43-124. Sale of Water Rights and Property
§ 37-43-125. Election - Notice - Canvass
§ 37-43-126. Determination of Validity of Sale
§ 37-43-127. Proceedings by Elector on Failure of Board
§ 37-43-131. Distribution of Proceeds
§ 37-43-132. Purposes for Bond Issues
§ 37-43-133. Meeting of Landowners
§ 37-43-134. Voting on Bond Issue
§ 37-43-135. Resolution of Board of Directors
§ 37-43-136. Levy of Tax - Collection
§ 37-43-137. Bonds Receivable in Payment of Taxes
§ 37-43-139. Bonds to Retire Warrants
§ 37-43-140. Subject to Outstanding Bonds
§ 37-43-141. Levy of Tolls or Charges
§ 37-43-142. Where Payment of Tolls Made
§ 37-43-143. Water May Be Refused - When
§ 37-43-144. Issuance of Refunding Bonds
§ 37-43-145. Board of Directors to Issue Bonds
§ 37-43-146. Submission of Question to Electors
§ 37-43-148. County Treasurer to Register Bonds
§ 37-43-149. Collection of Taxes
§ 37-43-150. Validity of Bonds Examined
§ 37-43-151. Relief of Lands From Burden of Refunded Indebtedness
§ 37-43-152. Board May Contract With United States
§ 37-43-153. Provisions of Contract
§ 37-43-154. Prior Contracts Validated
§ 37-43-155. Powers Cumulative
§ 37-43-156. Irrigation Districts May Dissolve
§ 37-43-157. Petition - Where Filed - Contents
§ 37-43-158. Dissolution - Special Election
§ 37-43-159. Determination of Validity of Dissolution
§ 37-43-160. Contents of Petition - Procedure - Costs
§ 37-43-161. Elector May Bring Action
§ 37-43-162. May Organize Corporation to Acquire Assets
§ 37-43-164. Apportionment of Indebtedness
§ 37-43-165. Plan Must Provide for Adequate Levies
§ 37-43-166. Foreclosure Subject to Prior Taxes
§ 37-43-167. Disposition of Surplus
§ 37-43-168. Procedure Where District Is Solvent
§ 37-43-169. Dissolution of Inactive Irrigation Districts
§ 37-43-170. Petition for Payment of Indebtedness
§ 37-43-171. Jurisdiction - Order for Hearing
§ 37-43-172. Notice of Hearing
§ 37-43-173. Notice - How Addressed
§ 37-43-174. Completion of Service
§ 37-43-175. Answer or Contest - Default
§ 37-43-176. Proceedings in Rem - Accounting
§ 37-43-177. Indebtedness of Inactive Districts
§ 37-43-179. Dissolution - Where Bondholders Are Unknown
§ 37-43-180. Petitions for Dissolution
§ 37-43-181. Notice of Hearing
§ 37-43-182. Disposition of Unpaid Funds
§ 37-43-184. Treasurer to Strike Off Lands to County
§ 37-43-186. Lands Offered for Sale - When
§ 37-43-187. When County Entitled to Tax Deed