LEG00101

• Bill Number: SB04-232
• Year: 2004
• Title: Concerning the creation of a front range water conservation district
• Legislation - Doc Type: Other CWCB Related Bills - Killed

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OR TWO SETS OF COUPONS, PAYABLE ANNUALLY OR SEMIANNUALLY;
EXCEPT THAT THE FIRST COUPON APPERTAINING TO ANY SECURITY MAY
REPRESENT INTEREST FOR ANY PERIOD, NOT IN EXCESS OF ONE YEAR, AS
MAY BE PRESCRIBED BY RESOLUTION OR OTHER INSTRUMENT; AND THE
SECURITIES AND ANY COUPONS SHALL BE PAYABLE IN SUCH MEDIUM OF
PAYMENT AT ANY BANKING INSTITUTION OR SUCH OTHER PLACE WITHIN OR
WITHOUT THE STATE, INCLUDING BUT NOT LIMITED TO THE OFFICE OF THE
TREASURER OF ANY COUNTY IN WHICH THE DISTRICT IS LOCATED WHOLLY
OR IN PART, AS DETERMINED BY THE BOARD, AND THE SECURITIES AT THE
OPTION OF THE BOARD MAY BE IN ONE OR MORE SERIES AND MAY BE MADE
SUBJECT TO PRIOR REDEMPTION IN ADVANCE OF MATURITY IN SUCH ORDER
ORBY LOT OR OTHERWISE AT SUCH TIME WITHOUT OR WITH THE PAYMENT
OF SUCH PREMIUM, NOT EXCEEDING SIX PERCENT OF THE PRINCIPAL
AMOUNT OF EACH SECURITY SO REDEEMED, AS DETERMINED BY THE
BOARD.
(2) ANY RESOLUTION AUTHORIZING THE ISSUANCE OF SECURITIES
OR OTHER INSTRUMENT APPERT AININGTOTHE SECURITIES MAY CAPITALIZE
INTEREST ON ~Y SECURITIES_I2l!E.INSJ.ANY_l'ERIOD_OLCONSIRUCIION
ESTIMATED BY THE BOARD AND ONE YEAR THEREAFTER AND ANY OTHER
COST OF ANY PROJECT, BY PROVIDING FOR THE PAYMENT OF THE AMOUNT
CAPITALIZED FROM THE PROCEEDS OF THE SECURITIES.
(3) SECURITIES MAYBE ISSUED WITH PRIVILEGES FOR CONVERSION
OR REGISTRATION, OR BOTH, FOR PAYMENT AS TO PRINCIPAL OR INTEREST,
OR BOTH; AND WHERE INTEREST ACCRUING ON THE SECURITIES IS NOT
REPRESENTED BY INTEREST COUPONS, THE SECURITIES MAY PROVIDE FOR
THE ENDORSING OF PAYMENTS OF INTEREST THEREOF; AND THESECURITIES
GENERALLY SHALL BE ISSUED IN SUCH MANNER, IN SUCH FORM, EITHER

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SB04.232