§ 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. […]
§ 32-12-123. Grant of Operating Privileges and Use of Railroad and Facilities
Except as may be limited by the terms and conditions of any grant, loan, or agreement authorized by this article, a rail district may by contract, lease, or otherwise, for such consideration and term as it may determine, grant to any person the privilege of operating or using any railroad or railroad facilities or property […]
§ 32-12-124. Arrangements for Operating and Providing Railroad Service
The rail district may enter into contracts, leases, and other arrangements for such term as the rail district may determine with any persons: Granting the privilege of using or improving the railroad or any portion or facility or space for commercial purposes; Conferring the privilege of supplying goods, commodities, services, or facilities along the railroad; […]
§ 32-12-125. Public Purpose and Necessity for Acquisitions
Any land and other property and privileges acquired and used by or on behalf of any rail district are hereby declared to be acquired and used for public and governmental purposes and as a matter of public necessity; however, public utilities may acquire rights-of-way across or along such land in accordance with their powers of […]
§ 32-12-126. Disposition of Property of Rail District
Except as may be limited by the terms and conditions of any grant, loan, or agreement made or received by the rail district, a rail district may, by sale, lease, or otherwise, dispose of any of its property or portion thereof or interest therein. Source: L. 82: Entire article added, p. 516, § 1, effective […]