Colorado § 30-26-305 - Sale of bonds - rate - redemption - cancellation.
Full text of Colorado Colorado Revised Statutes § 30-26-305 — Sale of bonds - rate - redemption - cancellation., with citation guidance and answers to common questions.
§ 30-26-305. Sale of bonds - rate - redemption - cancellation.
The board of county commissioners has the right to sell any of such bonds, but no bond shall be sold unless for cash, and not then at a discount of more than fifteen percent of its par value. The money arising from the sale of such bonds shall be forthwith used for the objects for which the debt was created, and for no other purpose whatever. When any such bonds or any coupons are redeemed, the board of county commissioners, in the presence of the clerk of said board or his deputy, shall cancel such bonds or coupons by writing the word "canceled" on the face of such bonds or coupons, and such board shall make a record of the proceedings, stating what bonds or coupons were canceled.
Source: G.L. § 452. G.S. § 675. R.S. 08: § 1368. C.L. § 8846. CSA: C. 45, § 198. CRS 53: § 36-6-5. C.R.S. 1963: § 36-6-5.
PART 4
BONDS - REFUNDING
Cross references: For the "Public Securities Refunding Act", see article 56 of title 11.
Source: official Colorado text · Last verified 2026-08-27
Frequently Asked Questions About Colorado § 30-26-305
What does Colorado Revised Statutes § 30-26-305 cover?
Section 30-26-305 ("Sale of bonds - rate - redemption - cancellation.") 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 § 30-26-305?
A common citation format is "Colorado Revised Statutes § 30-26-305" (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 § 30-26-305 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.