The board of directors of any irrigation district may sell or dispose of any part or all of the irrigation works, franchises, water rights, or other property of the district when authorized so to do by the vote of a two-thirds majority of the legally qualified electors of the district, in the manner and upon the conditions provided in section 37-43-125, and the authority so vested in the board of directors shall be and remain effective until such sale is fully consummated, unless previously revoked by the vote of a majority of the qualified electors of the district or such sale fails by act of the purchaser.
Source: L. 17: p. 321, § 1. C.L. § 1974. CSA: C. 90, § 500. CRS 53: § 149-3-23. C.R.S. 1963: § 150-3-23.
ANNOTATION
Law reviews. For article, "One Year Review of Property Law", see 38 Dicta 192 (1961).
For applicability of this section to sale of assets and not to dissolution of districts, see McKinley v. Dunn, 141 Colo. 487, 349 P.2d 139 (1960).