Tennessee § 9-21-307 Revenue bonds of the same issue shall be equally and ratably secured

Tennessee Statutes

§ 9-21-307 — Revenue bonds of the same issue shall be equally and ratably secured

All revenue bonds of the same issue shall be equally and ratably secured, without priority by reason of number, date of bonds, date of sale, date of execution, or of delivery, by a lien upon the revenues of the public works project or projects, the revenues of which are pledged to the payment of such bonds, in accordance with this part and the resolution authorizing the issuance of the revenue bonds.

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All revenue bonds of the same issue shall be equally and ratably secured, without priority by reason of number, date of bonds, date of sale, date of execution, or of delivery, by a lien upon the revenues of the public works project or projects, the revenues of which are pledged to the payment of such bonds, in accordance with this part and the resolution authorizing the issuance of the revenue bonds.

Tennessee § 9-21-307 (Revenue bonds of the same issue shall be equally and ratably secured) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.