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.
Tenn. Code Ann. § 9-21-307
Revenue bonds of the same issue shall be equally and ratably secured
Known as the Local Government Public Obligations Act
The act spans §§ 9–9 (136 sections).
Acts 1986, ch. 770, § 3-7.
Current official text: Tennessee Code (LexisNexis). Digitized from the UniCourt Code Improvement Commission public-domain capture. Reproduced from public-domain Tennessee statutes; confirm against the official source for the current text. Not legal advice.