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<br />1914 <br /> <br />Water and Irrigation <br /> <br />Ch. 390 <br /> <br />TAX IMPOSED PURSUANT TO THIS ARTICLE TO ASSURE COMPLIANCE WITH THE <br />REPUBLICAN RIVER COMPACT. <br /> <br />37-50-111. Limitations on power to levy and contract. (I) THE DISTRICT HAS <br />NO POWER OF TAXATION OR RIGHT ro LEVY OR ASSESS TAXES PURSUANT ro SECTION <br />37-50-109, EXCEPT AN ANNUAL LEVY. THE DISTRICT HAS NO POWER TO CONTRACT <br />OR INCUR ANY OBLIGATION OR INDEBTEDNESS EXCEPT AS EXPRESSL Y PROVIDED IN <br />THIS ARTICLE. <br /> <br />(2) ALL PROPERTY TAXES AND ASSESSMENTS UNDER THIS ARTICLE SHALL BE <br />COLLECTED BY THE COUNTY TREASURERS OF THE RESPECTIVE COUNTIES IN WHICH <br />REAL ESTATE IS SITUATED AT TOO SAME TIME AND IN THE SAME MANNER AS IS <br />PROVIDED BY LAW FOR THE COLLECTION OF TAXES FOR COUNTY AND STATE <br />PURPOSES, AND.IFTHEASSESSMENTS ARE NOT PAID, THE REAL EST ATE SHALL BE SOLD <br />AT REGULAR TAX SALES FOR THE PAYMENT OF THE ASSESSMENTS, INTEREST, AND <br />PENALTIES IN THE MANNER PROVIDED BY THE LAWS OF THIS STATE FOR SELLING <br />PROPERTY FOR THE PAYMENT OF GENERAL TAXES. IF THERE ARENO BIDS AT THE TAX <br />SALES FOR THE PROPERTY SO OFFERED, THE TAX CERilFICATES SHALL BE ISSUED IN <br />THE NAME OF THE DISTRICT; AND THE BOARD HAS THE SAME POWER WITH REFERENCE <br />TO THE SALE OF THE TAX CER TIFICA TES AS IS NOW VESTED IN COUNTY COMMISSIONERS <br />AND COUNTY TREASURERS WHEN A TAX CERTIFICATE IS ISSUED IN THE NAME OF A <br />COUNTY. <br /> <br />(3) TAX DEEDS MAY BE ISSUED, BASED UPON THE CERTIFICATES OF SALE, IN THE <br />SAME MANNER THAT DEEDS ARE BXECUTED ON TAX SALES ON GENERAL STATE AND <br />COUNTY TAXES. <br /> <br />37-50.112. Investment of unexpended revenues. THE BOARDMA Y INVEST ANY <br />UNEXPENDED REVENUES OF THE DISTRICT, INCLUDING ANY AMOUNTS IN THE <br />CONSTRUCTION FUND NOT NEEDED FOR IMMEDIATE USE, TO PAY THE COST OF <br />CONSTRUCTION OF ANY PROJECT, OR TO PAY BONDS OR COUPONS OR TO MEET <br />CURRENT EXPENSES, IN SECURITIES MEETING THE INVESTMENT REQUIREMENTS <br />ESTABLISHED IN PART 6 OF ARTICLE75 OF TITLE 24, C.R.S. THE BOARDMA Y REQUIRE <br />ANY REVENUES OF THE DISTRICT TO BE DEPOSITED WITH SUCH DEPOSITORY OR BANK <br />AS MAY BE DESIGNATED BY TI-IE BOARD AND LIKEWISE HAS AUTHORITY TO REQUIRE <br />THE TREASURER OF THE DISTRICT TO TAKE FROM SUCH DEPOSITORY A BOND WITH <br />CORPORATE SURETY TO ENSURE PAYMENT OF ANY SUCH DEPOSIT, OR TO REQUIRE <br />SUCH DEPOSITORY TO ENSURE PAYMENT OF ANY SUCH DEPOSIT, OR TO REQUIRE SUCH <br />DEPOSITORY TO PLEDGE SECURITIES OF THE SAME KIND AS THOSE IN WHICH THE <br />.~~R-E! IS ~gTI:!ORIZED TO J~'{EST IIS."y_~Q..S_TO EliSl1RE PA YM~t-IT_OF~Af:-lY ,S~UCH__~ _~______________ <br />DEPOSIT. <br /> <br />37-50-113. Appointment and compensation of appraisers. (I) As SOON AS <br />THE OFFICIAL PLAN HAS BEEN PREPARED AND ADOPTED PURSUANT TO SECTION <br />37-50-107 (3) AND IS ON FILE IN THE OFFICE OF THE DISTRICT, UPON PETITION OF THE <br />DISTRICT, THE BOARD MAY, IF THE OFFICIAL PLAN INCLUDES THE UTILIZATION OF <br />SPECIAL IMPROVEMENT BONDS PAID BY SPECIAL ASSESSMENTS UPON THE PROPERTY <br />BENEFITTED WITHIN TI-IE DISTRICT, APPOINT A BOARD OF APPRAISERS CONSISTING OF <br />THREE MEMBERS. THE QUALIFICATIONS OF THE APPRAISERS AND ALL PROCEEDINGS <br />BEFORE THEM SHALL BE IN ACCORDANCE WITH THE PROVISIONS OF THE LAW <br />PERTAINING TO THE DUTIES AND QUALIFICATIONS OF APPRAISERS UNDER THE <br />