Whenever a contract of indebtedness has been created by the district, it shall be lawful for the board to make the annual levy of taxes and special assessments in such amount as will create a surplus of funds to meet the annual installments of indebtedness or the payment of bonds and interest and the necessary maintenance and operating charges, and the board shall cause such surplus funds to be placed in a sinking fund which may be used for the payments of contingencies, defaults, and delinquencies and to pay the future annual installments of indebtedness on contract or bonds and interest.
Source: L. 37: p. 1347, § 27. CSA: C. 173B, § 41. CRS 53: § 149-6-28. C.R.S. 1963: § 150-5-28.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 45 - Water Conservancy Districts
§ 37-45-102. Legislative Declaration
§ 37-45-104. Name of District - Bonds
§ 37-45-105. Liberal Construction
§ 37-45-106. Constitutional Construction Clause
§ 37-45-107. Repeal - Saving Clause
§ 37-45-108. Jurisdiction of District Courts
§ 37-45-110. Bond of Petitioners
§ 37-45-111. Notice of Hearing on Petition
§ 37-45-112. Protests and Hearings on Petitions
§ 37-45-113. Provisions for Filing and Recording Decree of Incorporation
§ 37-45-114. Appointment of Board of Directors
§ 37-45-115. Organization of the Board of Directors
§ 37-45-116. Meetings and Records
§ 37-45-117. Employment of Agents
§ 37-45-119. Power to Acquire Rights-of-Way
§ 37-45-121. Classification of Taxes and Assessments - Powers
§ 37-45-122. Levy and Collection Under Class A
§ 37-45-123. Levy and Collection Under Class B
§ 37-45-124. Levy and Collection Under Class C
§ 37-45-125. Levy and Collection Under Class D
§ 37-45-126. Levies Cover Defaults and Deficiencies
§ 37-45-127. Objections to Assessments - Appeal
§ 37-45-128. Officers Levy and Collect Taxes and Assessments
§ 37-45-129. Sale for Delinquencies
§ 37-45-131. Sale of Water by Contract
§ 37-45-132. Contracts - Security - Enforcement
§ 37-45-134. Additional Powers
§ 37-45-135. Allotment of Water to Disabled Landowner or Administrator
§ 37-45-136. Inclusion of Lands
§ 37-45-137. Exclusion of Lands
§ 37-45-138. Board to Execute Contracts - Issue Bonds
§ 37-45-139. Contracts - Submission to Electors
§ 37-45-140. Publication of Call
§ 37-45-141. Conduct of Election
§ 37-45-142. Bond Elections - Subsequent Elections
§ 37-45-143. Confirmation of Contract Proceedings
§ 37-45-144. Correction of Faulty Notices
§ 37-45-146. Dissolution of Districts
§ 37-45-147. Election for Dissolution - Petition or Resolution Filed
§ 37-45-148. Notice of Election
§ 37-45-149. Objections to Resolution or Petition
§ 37-45-150. Election Procedure - Ballot
§ 37-45-151. Majority Vote Determines Question
§ 37-45-152. Winding Up and Dissolution - Order Entered
§ 37-45-153. Validation and Recreation of Water Conservancy Districts