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 DEFAULT.

2 37-49-610. Refunding bonds. ANY BONDS ISSUED UNDER THIS

3 ARTICLE MAY BE REFUNDED PURSUANT TO ARTICLE 56 OF TITLE 11, C.RS.

4 37-49-611. Cumulative rights of security holders. (1) No

5 RIGHT OR REMEDY CONFERRED UPON ANY HOLDER OF ANY SECURITY OR

6 ANY RELATED COUPON OR ANY TRUSTEE FOR SUCH HOLDER, BY THIS

7 ARTICLE OR BY ANY PROCEEDINGS APPERTAINING TO THE ISSUANCE OF

8 SUCH SECURITY OR COUPON, IS EXCLUSIVE OF ANY OTHER RIGHT OR

9 REMEDY, BUT EACH SUCH RIGHT OR REMEDY IS CUMULATIVE AND IN

10 ADDITION TO EVERY OTHER RIGHT OR REMEDY AND MAY BE EXERCISED

11 WITHOUT EXHAUSTING AND WITHOUT REGARD TO ANY OTHER REMEDY

12 CONFERRED BY THIS ARTICLE OR BY ANY OTHER LAW.

13 (2) THEFAILUREOFANYHOLDEROFANYSECURITYORCOUPONSO

14 TO PROCEED AS PROVIDED IN THIS ARTICLE OR IN SUCH PROCEEDINGS

15 SHALL NOT RELIEVE THE DISTRICT, ITS BOARD, OR ANY OF ITS OFFICERS,

16 AGENTS, AND EMPLOYEES OF ANY LIABILITY FOR FAILURE TO PERFORM OR

17 CARRY OUT ANY DUTY, OBLIGATION, OR OTHER COMMITMENT.

18 37-49-612. Is~uance of notes and pledge of bonds as collatexal

19 security. (1) (a) NOTWITHSTANDING ANY LIMITATION OR OTHER

20 PROVISION IN THIS ARTICLE, WHENEVER A PROPOSAL TO ISSUE BONDS HAS

21 BEEN APPROVED AND THE DISTRICT AUTHORIZED TO ISSUE BONDS IN THE

22 MANNER REQUIRED BY THIS ARTICLE FOR ANY PURPOSE AUTHORIZED IN

23 THIS ARTICLE, THE DISTRICT IS AUTHORIZED TO BORROW MONEY WITHOUT

24 ANY OTHER ELECTION IN ANTICIPATION OF TAXES, THE RECEIPT OF THE

25 PROCEEDS OF SAID BONDS OR ANY OTHER REVENUES OF THE DISTRICT, OR

26 ANY COMBINATION THEREOF, AND TO ISSUE NOTES TO EVIDENCE THE

27 AMOUNT SO BORROWED. NOTES MAY MATURE AT SUCH TIMES NOT

-49-

SB04-232