Nothing contained in this subchapter shall prevent the issuance of additional bonds, from time to time, if the bonds shall be authorized by law. However, all such additional bonds shall be subordinate to bonds issued pursuant to ยงยง 14-235-215 -- 14-235-217 in respect to the application of revenues to such additional bonds unless the additional bonds consist of revenue bonds issued under this subchapter, the issuance of which was expressly authorized in the ordinance or indenture governing prior bonds of similar character. In this event, the additional bonds and such prior bonds will have a parity of lien unless the governing ordinance or indenture shall provide to the contrary.
Section: Previous 14-235-211 14-235-212 14-235-213 14-235-214 14-235-215 14-235-216 14-235-217 14-235-218 14-235-219 14-235-220 14-235-221 14-235-222 14-235-223 14-235-224 14-235-225 NextLast modified: November 15, 2016