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<br />operating expenses of the district.
<br />issued by a district, however, will
<br />of the entire district.
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<br />All bonds or obligations
<br />be general obligation bonds
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<br />(2) No later than the fifteenth day of October in each year, the
<br />board shall certify to the board of county commissioners of each
<br />county within the district or having a portion of its territory
<br />within the district the rate so fixed in order that, at the time and
<br />in the manner required by law for the levying of taxes, such board
<br />of county commissioners shall levy such tax upon the valuation for
<br />assessment of all taxable property within the district.
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<br />32-3-118. Levies to Cover Deficiencies
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<br />The board, in certifying annual levies, shall take into account the
<br />maturing indebtedness for the ensuing year as provided in its con-
<br />tracts, maturing bonds, and interest on bonds, and deficiencies and
<br />defaults of prior years, and shall make ample provision for the pay-
<br />ment thereof. In case the moneys produced from such levies, together
<br />with other revenues of the aistrict, are not sufficient to pay punc-
<br />tually the annual installments on its contracts or bonds, and interest
<br />thereon, and to pay defaults and deficiencies, the board shall make
<br />such additional levies of taxes as may be necessary for such purposes,
<br />and, notwithstanding any limitation, such taxes shall be made and con-
<br />tinue to be levied until the indebtedness of the district is fully
<br />paid.
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<br />32-3-119. Rates and Charges
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<br />A water, sanitation, or metropolitan district has the right to fix or
<br />to increase or decrease, from time to time, water or sewer rates, tolls,
<br />charges, and license fees, and to pledge such revenue for the payment
<br />of any indebtedness of the district. The district has the power to
<br />establish rates, tolls, and charges for services or facilities furn-
<br />ished to any city, town, municipality, school district, tax-free agency,
<br />or another water or sanitation district, whether within or without the
<br />boundaries of the district, furnishing such facilities or services,
<br />and any such city, town, municipality, tax-free agency, or water or
<br />sanitation district shall pay such rates or charges when due. All
<br />rates, tolls, charges, and fees to be charged such city, town, muni-
<br />cipality, school district, tax-free agency, or water or sanitation
<br />district shall be first approved by the public utilities commission
<br />of the state of Colorado where such facilities or services extend be-
<br />yond the territorial limits of the district. Except in the case of
<br />services or facilities furnished to any city, town, munic~pality,
<br />school district, tax-free agency, or another water or sanitation dis-
<br />trict, the rates, tolls, charges, and fees shall constitute a perpetual
<br />lien on and against the property served until paid. Any such lien may
<br />be foreclosed in the same manner as provided by the laws of the state
<br />of Colorado for the foreclosure of mechanics' liens. In every case
<br />the board has the power and authority to shut off or discontinue
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<br />II - 5
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