Colorado Code § 37-31-122

Directors may sell bonds
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The board of directors may sell bonds from time
to time in such quantities as may be necessary and most advantageous to raise money to carry
out the objects and purposes of this article. Before making any sale, the board, by resolution,
shall declare its intention to sell a specified amount of bonds, and the day, hour, and place of
such sale, and shall cause such resolution to be entered in the minutes and notice of the sale to be
given by the publication thereof in two consecutive insertions in a daily newspaper published in
said district, and in any other newspaper, at the discretion of the board.

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