Colorado Code § 37-43-151

Relief of lands from burden of refunded indebtedness. At any refunding
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bond election held under the provisions of sections 37-43-144 to 37-43-151, the board of
directors may submit to the voters of the district the question of giving landowners the privilege
of relieving their lands from the lien of taxes or assessments to be levied for the payment of said
refunding bonds and the interest thereon. If authorized by a majority of those voting on the
question, any owner of land within the district, who is not in default in the payment of irrigation
district taxes or assessments, may relieve his lands from the burden of such refunded
indebtedness by paying to the district treasurer an amount of money sufficient to retire district
bonds in such ratio to the total bonded indebtedness of the district as the acreage of lands which
he owns within such district bears to the total acreage thereof subject to such bonded
indebtedness plus fifteen percent for the privilege of discharging his total indebtedness to the
district at one time. The treasurer shall thereupon issue to such landowner his official receipt in
duplicate, one of which receipts shall be filed with the secretary of such irrigation district and
one filed for record in the office of the county clerk and recorder of the county wherein the lands
involved are situate, and from and after such filing, such lands shall be free and clear from all
liens, levies, and assessments of such bonded indebtedness for which such payment was made.

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