It is lawful for such corporation to pay the damages, if any, assessed on account of the taking in such condemnation proceedings, in its own corporate stock at the same price per share paid therefor by the original incorporators, and the court, jury, or commissioners having authority in the premises, in arriving at the damage to be awarded, shall take into consideration the amount of stock which the original incorporators have received for their holdings.
Source: L. 19: p. 505, § 3. C.L. § 1631. CSA: C. 90, § 14. CRS 53: § 147-3-9. C.R.S. 1963: § 148-3-9.
Structure Colorado Code
Title 37 - Water and Irrigation
Article 86 - Rights-of-Way and Ditches
§ 37-86-101. Sections Liberally Construed
§ 37-86-102. Right-of-Way Through Other Lands
§ 37-86-103. Extent of Right-of-Way
§ 37-86-104. Condemnation of Right-of-Way
§ 37-86-105. No Land Burdened With More Than One Ditch
§ 37-86-106. Shortest Route Must Be Taken
§ 37-86-107. Owner of Ditch Must Permit Enlargement
§ 37-86-108. Incorporation of Lateral Ditch Owners
§ 37-86-109. Consideration of Incorporation Benefits
§ 37-86-110. Payment of Damages
§ 37-86-111. Head of Ditch May Be Relocated