All such bonds shall be negotiable in form and bear interest as may be fixed by the governing body not exceeding a maximum net effective interest rate specified by the governing body prior to the use of said bonds in payment for improvements or the sale thereof pursuant to section 31-25-534.
C.R.S. § 31-25-535
(1) This section is similar to former § 31-25-532 as it existed prior to 1975.
(2) This section was originally numbered as § 31-25-534 in House Bill 75-1089 but was renumbered on revision in 1977 for ease of location.