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Section 37-42-123 - Rescission of action authorizing bonds — Colorado Law | CourtGPT
  1. Home/
  2. Laws/
  3. Colorado/
  4. Title 37 - Water and Irrigation Conservancy Law of Colorado - Flood Control (§§ 37-1-101 — 37-8-101)/
  5. Water Conservation and Irrigation Districts/
  6. Conservation and Irrigation Districts/
  7. Article 42 - Irrigation District Law of 1921/
  8. Section 37-42-123 - Rescission of action authorizing bonds
Colorado Legal Code
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.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.

Section 37-42-123 - Rescission of action authorizing bonds

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