Colorado Statutes
§ 32-11-555 — Liens on pledged revenues
(1)Revenues pledged for the
payment of any securities, as received by or otherwise credited to the district, shall
immediately be subject to the lien of each such pledge without any physical
delivery thereof, any filing, or further act.
(2)The lien of each such pledge and the obligation to perform the
contractual provisions made in the authorizing resolution or other instrument
pertaining thereto has priority over any other obligations and liabilities of the
district, except as may be otherwise provided in this article or in the resolution or
other instrument, and subject to any prior pledges and liens theretofore created.
(3)The lien of each such pledge shall be valid and binding as against all
persons having claims of any kind in tort, contract, or otherwise against the dist
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Legislative History
Source: L. 69: p. 779, � 97. C.R.S. 1963: � 89-21-97.
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