· 11/16/1970
Allardice v. Adams County
Citations
- 476 P.2d 982
- 173 Colo. 133
- 1970 Colo. LEXIS 515
How courts have described this case
Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.
- holding that revenue bonds do not create “debt” for purposes of article XI, section 1 of the Colorado Constitution
- statute authorizing counties to issue revenue bonds and lease agreement permitting county to sell agricultural feed plant to private developer not a donation
- statute authorizing counties to issue revenue bonds and lease agreement permitting county to sell agricultural feed plant to private developer not a donation
- “Public revenue bonds do not create debt if there is no pledge of private property.”
- the public purpose exception is well established and to be liberally construed
- where county issued bonds to fund construction of industrial facility, and redeemed them with revenue from lease of facility to manufacturer, no constitutional debt because county expressly disclaimed any liability to redeem bonds with money taken from the general fund
Source: CourtListener parenthetical corpus (CC0).
Judges: Kelley
Read full opinion on CourtListenerSourced from CourtListener / Free Law Project (CC0).
This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.