|
•
<br /> date of presentation until called for payment. When money sufficient to pay such warrant, or
<br /> sufficient to allow a credit of not less than one hundred dollars thereon is in the general fund,
<br /> such treasurer shall mail notice thereof to the holder of record at his address of record, and
<br /> interest thereon shall thereupon cease. Warrants shall be paid in the order of their presentation
<br /> for payment.
<br /> Source: L. 21: p. 545, § 29. C.L. § 2085. CSA: C. 90, § 460. CRS 53: § 149-2-29. C.R.S. 1963:
<br /> § 150-2-29. L. 71: p. 1217, § 17. L. 73: p. 1531, § 2.
<br /> Am.Jur.2d.See 45 Am.Jur.2d, Irrigation, § 66.
<br /> C.J.S. See 94 C.J.S., Waters, § 324.
<br /> 37-42-130. Call of bonds - surplus fund. If bonds are issued which are subject to
<br /> redemption prior to maturity, and if, after the payment of all coupons and bonds due in any fiscal
<br /> year, it is found that the bond fund of an irrigation district contains an amount of money
<br /> sufficient therefor, it is the duty of the district treasurer to call such bonds as first become due
<br /> and payable and to retire such indebtedness. Call shall be made by registered mail, addressed to
<br /> the holder of such bonds so called at his address of record, giving the number of the bonds called,
<br /> and notifying the holder thereof, that upon presentation of such bonds with all future due
<br /> coupons attached, they shall be redeemed at their face value, with interest to date of call. When
<br /> any bond has been so called, such fact shall be noted upon the bond register of the district
<br /> treasurer, and money in the amount of its face, with interest to date of call, shall be set aside for
<br /> its payment from the bond fund, and no coupons upon such bond maturing at a date later than the
<br /> date of such call shall be paid. If money remains in or is paid into the bond fund after final
<br /> liquidation of all bonded indebtedness, such money shall be transferred to the general fund by the •
<br /> treasurer of the district.
<br /> Source: L. 21: p. 546, § 30. C.L. § 2086. L. 27: p. 457, § 2. CSA: C. 90, § 461. CRS 53: §
<br /> 149-2-30. C.RS. 1963: § 150-2-30.
<br /> Am.Jur.2d.See 45 Am.Jur.2d, Irrigation, § 67.
<br /> C.J.S. See 94 C.J.S., Waters, § 330.
<br /> 37-42-131. Payment of general expenses. (1) If any money in excess of one hundred
<br /> dollars remains in the general fund in any year after the payment of all district warrants or other
<br /> indebtedness properly chargeable against such fund and due and payable within such fiscal year,
<br /> the board shall apply such surplus to the payment of the warrants of preceding years, if any, in
<br /> the order of their registration and thereafter, in its discretion, by resolution, may authorize the
<br /> transfer of such money from the general fund to the bond fund, and a certified copy of such
<br /> resolution, signed by the president and attested by the secretary of the district, shall be sufficient
<br /> warrant to the treasurer for making such transfer.
<br /> (2) For the purposes of defraying the expenses of the organization of the district and the care,
<br /> operation, management, repair, and improvement of all canals, ditches, reservoirs, and works,
<br /> including salaries of officers and employees, the board may either fix rates of tolls and charges
<br /> and collect the same of all persons using said canal and water for irrigation or other purposes and
<br /> in addition thereto may provide, in whole or in part, for the payment of such expenditures by
<br /> levy of assessments therefor, as provided in section 37-42-126, or by both tolls and assessments.
<br /> In case the money raised by the sale of bonds issued is insufficient, and in case bonds are
<br /> unavailable for the completion of the plans of works adopted, it is the duty of the board of
<br /> directors to provide for the completion of said plans by levy of an assessment therefor in the
<br /> same manner in which levies of assessments are made for the other purposes.
<br /> Source: L. 21: p. 547, § 31. C.L. § 2087. CSA: C. 90, § 462. CRS 53: § 149-2-31. C.R.S. 1963:
<br /> § 150-2-31.
<br /> 37-42-132. Relief from bonded indebtedness. (1) At any time after the expiration of two
<br /> years from the date of the issuance of any bonds under this article, any landowner may relieve his
<br /> lands from the burden of such bonded indebtedness in the following manner: He shall pay to the
<br />
|