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

1 PRINCIPAL OF THE SECURITIES AND SHALL BE USED THEREFOR, SUBJECT TO

2 THE PROVISIONS AS TO THE TIMES AND METHODS FOR THEIR PAYMENT AS

3 STATED IN THE SECURITIES AND THE PROCEEDINGS AUTHORIZING OR

4 OTHERWISE APPERTAINING TO THEIR ISSUANCE, OR IN A RESERVE

5 THEREFOR.

6 (4) THE VALIDITY OF THE SECURITIES SHALL NOT BE DEPENDENT

7 ON NOR AFFECTED BY THE VALIDITY OR REGULARITY OF ANY PROCEEDINGS

8 RELATING TO THE ACQUISITION OR IMPROVEMENT AND EQUIPMENT OF THE

9 PROJECT OR THE PROPER COMPLETION OF ANY PROJECT FOR WHICH THE

10 SECURITIES ARE ISSUED.

11 (5) THE PURCHASERS OF THE SECURITIES SHALL IN NO MANNER BE

12 RESPONSIBLE FOR THE APPLICATION OF THE PROCEEDS OF THE SECURITIES

13 BY THE DISTRICT OR ANY OF ITS OFFICERS, AGENTS, AND EMPLOYEES.

14 37-49-606. Covenants in security proceedings. (1) ANY

15 RESOLUTION OR TRUST INDENTURE AUTHORIZING THE ISSUANCE OF

16 SECURITIES OR ANY OTHER INSTRUMENT APPERTAINING TO THE SECURITIES

17 MAY CONTAIN COVENANTS AND OTHER PROVISIONS, THAT MAY LIMIT THE

18 EXERCISE OF POWERS CONFEB,~ltB.Y_UIIS.e..R:nCLE,JKORDER.TO_SECURE__

19 THE PAYMENT OF SUCH SECURITIES, IN AGREEMENT WITH THE HOLDERS

20 AND OWNERS OF SUCH SECURITIES, AS TO ANY ONE OR MORE OF THE

21 FOLLOWING:

22 (a) THE SERVICE CHARGES AND ANY GENERAL TAXES TO BE FIXED,

23 CHARGED, OR LEVIED AND THE COLLECTION, USE, AND DISPOSITION

24 THEREOF, INCLUDING BUT NOT LIMITED TO THE FORECLOSURE OF LIENS

25 FOR QELlNQUENCIES; THE DISCONTINUANCE OF SERVICES, FACILITIES, OR

26 COMMODITIES; THE DISCONTINUANCE OF THE USE OF ANY WORKS,

27 FACILITIES, OR PROJECTS; A PROHIBITION AGAINST FREE SERVICE; THE

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SB04-232