Colorado Code § 37-31-142

Title to property - tax exemption
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The title to property acquired under the
provisions of this article shall vest in such drainage district in its corporate name. Said property
shall be held by such district in trust for and is dedicated and set apart for the uses and purposes
set forth in this article and shall be exempt from taxation, and the board of directors is authorized
to hold, use and acquire, manage, occupy, and possess said property.

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