Colorado Code § 37-42-123

Rescission of action authorizing bonds
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If the landowners of an irrigation
district desire to rescind their action authorizing an issue of bonds, they may do so as to any such
entire issue remaining unsold in the hands of the board of directors in the same manner as such
issue was authorized and upon an affirmative vote of the majority of the total voting strength of
the district, whereupon the board of directors shall cancel or destroy said bonds and shall enter
that fact, reciting the numbers of such bonds so canceled or destroyed, in the minutes of their
proceedings.

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