California Water Code ARTICLE 2 - Lien of Bonds

• Section 36320.
  The payment of both principal and interest of revenue bonds shall be secured only by the revenues pledged therefor.(Amended by Stats. 1980, Ch. 6, Sec....
• Section 36321.
  No holder of any revenue bond may ever compel any exercise of the taxing power to pay the bond, interest thereon, or any part of...
• Section 36322.
  All revenue bonds of the same issue shall, subject to the prior and superior rights of outstanding bonds, claims, or obligations, and notwithstanding anything to...
• Section 36323.
  All revenue bonds of the same issue shall be equally and ratably secured without priority by reason of number, date of bonds, of sale, of...

Last modified: October 22, 2018