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 DISTRICT NOR ANY PERSON EXECUTING SECURITIES ISSUED PURSUANT TO

2 THIS ARTICLE SHALL BE LIABLE PERSONALLY ON THE SECURITIES BY

3 REASON OF THE ISSUANCE OF THE SECURITIES. SECURITIES ISSUED

4 PURSUANT TO THIS ARTICLE SHALL NOT BE IN ANY WAY A DEBT OR

5 LIABILITY OF THE STATE OROF ANY MUNICIPALITY OR OTHER PUBLIC BODY

6 AND SHALL NOT CREATE OR CONSTITUTE ANY INDEBTEDNESS, LIABILITY,

7 OR OBLIGATION OF THE STATE OR OF ANY SUCH MUNICIPALITY OR OTHER

8 PUBLIC BODY, EITHER LEGAL, MORAL, OR OTHERWISE, AND NOTHING

9 CONTAINED IN THIS ARTICLE SHALL BE CONSTRUED TO AUTHORIZE ANY

10 DISTRICT TO INCUR ANY INDEBTEDNESS ON BEHALF OF, OR IN ANY WAY TO

11 OBLIGATE, THE STATE OR ANY MUNICIPALITY OR OTHER PUBLIC BODY;

12 EXCEPT THE DISTRICT, AND EXCEPT AS IN THIS ARTICLE OTHERWISE

13 EXPRESSLY STATED OR NECESSARILY IMPLIED.

14 37-49-608. Cancellation of paid securities. WHENEVER THE

15 TREASURER OF THE DISTRICT REDEEMS AND PAYS ANY OF THE SECURITIES

16 ISSUED UNDER THE PROVISIONS OF THIS ARTICLE, THE TREASURER SHALL

17 CANCEL THE SAME BY WRITING ACROSS THE FACE THEREOF OR STAMPING

18 THEREON THE WORD "PAID", IOGE:THER.WJULTHEDATEOF_THEJ!A'iMEN'f

19 AND HIS OR HER SIGNATURE, AND TRANSMIT THE SAME TO THE SECRETARY

20 OF THE DISTRICT, T AKlNG A RECEIPT THEREFOR, WHICH RECEIPT SHALL BE

21 FILED IN THE RECORDS OF THE DISTRICT. THE SECRETARY SHALL CREDIT

22 THE TREASURER ON THE BOOKS FOR THE AMOUNT SO PAID.

23 37-49-609. Interest after maturity. No INTEREST SHALL ACCRUE

24 ON ANY SECURITY AUTHORIZED IN THIS ARTICLE AFTER IT BECOMES DUE

25 AND PAYABLE IF MONEYS FOR THE PAYMENT OF THE PRINCIPAL OF AND

26 INTEREST ON THE SECURITY AND ANY PRIOR REDEMPTION PREMIUM DUE

27 ARE AVAILABLE TO THE PAYING AGENT FOR SUCH PAYMENT WITHOUT

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SB04-232