No land or interest in land shall be purchased for the purposes set forth in section 31-25-201 (1) until the governing body adopts an ordinance authorizing such purchase which states the location and legal description of the lands to be purchased, the price to be paid, and the manner of payment or unless the proposed purchase of such lands is submitted upon petition pursuant to section 31-25-203 and approved by the registered electors of such city.L. 75: Entire title R&RE, p. 1174, § 1, effective July 1.This section is similar to former §§ 31-25-202 and 31-25-213 as they existed prior to 1975.
Colorado Legal Code