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Current as of January 01, 2025 | Updated by Findlaw Staff
(1) In the event that any bonds of a home rule county, either bonds issued for refunding purposes or bonds issued for other purposes as set forth in section 30-35-201(6), have been or are made redeemable prior to their respective maturities and the governing body determines that all or any part of such bonds should be called for redemption, according to their terms, it is the duty of the county clerk and recorder, as soon as the governing body has authorized the redemption, to cause notice to be given of such action.
(2) Such notice shall be given by publication at least one time in a newspaper customarily used by said county for legal notices at least thirty days prior to the date on which said bonds are to be redeemed and paid. Such notice shall contain the place or places and date on which said bonds shall be redeemed and paid, shall describe the bonds by their legal designation, date, number, and amount, and shall state that after the date so fixed for redemption and payment the interest on said bonds shall cease.
(3) After the date so fixed for redemption and payment, the bonds so called for redemption and payment shall cease to draw interest.
Cite this article: FindLaw.com - Colorado Revised Statutes Title 30. Government County § 30-35-711. Redemption of refunding bonds prior to maturity--procedures - last updated January 01, 2025 | https://codes.findlaw.com/co/title-30-government-county/co-rev-st-sect-30-35-711/
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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