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Ind. Code § 14-33-20-22

Bonds, notes, or other evidences of indebtedness equally and ratably secured by lien

As added by P.L.1-1995, SEC.26.

Sec. 22. All bonds, notes, or other evidences of indebtedness of the same issue shall be equally and ratably secured, without priority because of:

(1) number or date of issue;

(2) sale;

(3) execution; or

(4) delivery;

by a lien upon the revenues in accordance with this chapter and the resolution authorizing issuance.

Official source: Indiana General Assembly. Reproduced from public-domain Indiana statutes; confirm against the official source for the current text. Not legal advice.