§ 32-12-129. Elections
Elections shall be conducted pursuant to articles 1 to 13 of title 1, C.R.S. All necessary expenses of any rail district regular special district election or special election subsequent to the organization of the rail district and other proceedings conducted pursuant to the election shall be paid by the rail district. Source: L. 82: Entire […]
§ 32-12-114. Levy and Collection of Taxes
To provide for the levy and collection of taxes, the board shall determine, in each year, the amount of money necessary to be raised by taxation, taking into consideration other sources of revenue of the rail district, and shall fix a rate of levy not to exceed the maximum mill levy authorized pursuant to section […]
§ 32-12-115. Power to Issue Revenue Bonds – Terms
To carry out the purposes of this article, the board is authorized to issue negotiable coupon bonds payable solely from the revenues derived, or to be derived, from the facility or combined facilities of the rail district. The terms, conditions, and details of said bonds, and the procedures related thereto shall be substantially the same […]
§ 32-12-116. Power to Incur Indebtedness – Interest – Maturity – Denominations
To carry out the purposes of this article, the board is authorized to issue general obligation negotiable coupon bonds of the rail district. Said bonds shall bear interest at a rate such that the net effective interest rate of the issue of said bonds does not exceed that maximum net effective interest rate authorized and […]
§ 32-12-117. Debt Question Submitted to Eligible Electors – Resolution
Whenever the board determines by resolution that the interest of the rail district and the public interest or necessity demand the acquisition, construction, installation, or completion of any work or other improvements or facilities, or the making of any contract to carry out the objects or purposes of the rail district which requires the creation […]
§ 32-12-118. Effect – Subsequent Elections
If any proposition authorized by section 32-12-117 is approved by a majority of electors voting thereon, the rail district shall thereupon be authorized to incur such indebtedness or obligations, enter into such contracts, or issue and sell such bonds of the rail district, as the case may be, all for the purposes and objects provided […]
§ 32-12-119. Correction of Faulty Notices
In any case where a notice is provided for in this article, if the court or the board reviewing the proceedings finds for any reason that due notice was not given, said body shall not thereby lose jurisdiction, and the proceedings in question shall not thereby be void or be abated, but said body shall […]
§ 32-12-120. Refunding Bonds
Any bonds issued by any rail district may be refunded without an election as provided in article 56 of title 11, C.R.S. Source: L. 82: Entire article added, p. 515, § 1, effective April 23.
§ 32-12-121. Anticipation Warrants
The board may defray any costs of the rail district by the issuance of notes or warrants to evidence the amount due therefor, in anticipation of taxes or revenues or both. Interest on such notes or warrants shall be governed by the provisions of section 5-12-104, C.R.S. Notes and warrants may mature at such time […]
§ 32-12-122. Inclusion of Additional Territory in Existing Rail District – Procedures
Proceedings for inclusion of a portion of a county or portions of two or more counties or an entire additional county, counties, or a municipality, or portion thereof, in a rail district shall be in accordance with the provisions of part 4 of article 1 of this title, subject to the provisions of this article. […]