Power to incur indebtedness and issue bonds.

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The city councils or boards of trustees in towns have the power to incur indebtedness for any of the purposes mentioned in this part 2 and to issue bonds for the acquisition, construction, and improvements of airports and landing fields and appurtenances thereto, in the same form and manner as debt is incurred and bonds are issued for other municipal purposes.

Source: L. 31: p. 789, § 3. CSA: C. 163, § 44. CRS 53: § 139-55-3. C.R.S. 1963: § 13955-3.

Cross references: For the constitutional provision that establishes limitations on the incurring of debt, see § 20 of article X, Colorado Constitution; for authority of local governments to contract debts, see § 6 of article XI, Colorado Constitution; for general authority of cities and towns to issue bonds, see article 21 of title 31.


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