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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) The council may authorize the issuance of bonds not payable from or additionally secured by taxes by a resolution which shall state in substance:
(a) The amount or maximum amount of bonds to be issued;
(b) The housing projects for the financing of which such bonds are to be issued;
(c) The rate or maximum rate of interest which such bonds are to bear;
(d) A brief concise statement, which need not go into any detail other than the mere statement of the fact, showing the source of payment and security for such bonds.
(2) Such bonds shall mature at such times, not to exceed sixty years from their respective dates, as the council may provide.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 29. Government Local § 29-4-111. Bonds not secured by taxes authorized by resolution - last updated January 01, 2025 | https://codes.findlaw.com/co/title-29-government-local/co-rev-st-sect-29-4-111/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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