Colorado § 37-25-109 - Liability for bonds and interest.
Full text of Colorado Colorado Revised Statutes § 37-25-109 — Liability for bonds and interest., with citation guidance and answers to common questions.
§ 37-25-109. Liability for bonds and interest.
The bonds and the interest thereon shall be paid from annual assessments upon the real property within the drainage district, and said property shall be and remain liable to be assessed for such payments. Such bonds and coupons shall be receivable in payment of the assessments levied in payment of the interest and the redemption of the bonds.
Source: L. 11: p. 327, § 69. C.L. § 2188. L. 31: p. 326, § 1. CSA: C. 57, § 89. CRS 53: § 47-6-9. C.R.S. 1963: § 47-6-9.
ANNOTATION
Water rights for irrigation are real property. Comstock v. Olney Springs Drainage Dist., 97 Colo. 416, 50 P.2d 531 (1935).
Bonds are secured by lien on irrigated land. Considering all the pertinent provisions of articles 22 to 33 of this title and the purpose sought to be accomplished, it is evident that the general assembly intended that the bonds should be secured by a lien upon irrigated land. It is inconceivable that investors would purchase the bonds if they were secured by a lien on only dry land. Comstock v. Olney Springs Drainage Dist., 97 Colo. 416, 50 P.2d 531 (1935).
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 37-25-109
What does Colorado Revised Statutes § 37-25-109 cover?
Section 37-25-109 ("Liability for bonds and interest.") is part of the Colorado Revised Statutes, the codified statutory law of Colorado. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Colorado § 37-25-109?
A common citation format is "Colorado Revised Statutes § 37-25-109" (Colorado). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Colorado law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Colorado official source linked on this page or consult a licensed Colorado attorney.
How does Colorado § 37-25-109 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Colorado can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Colorado.