§39-63  Lien and charge of revenue
bonds.  Unless otherwise provided in the resolution or certificate, all
revenue bonds of the same issue shall, subject to the prior and superior rights
of outstanding revenue bonds, claims, or obligations, have a prior and
paramount lien and charge on the revenue, or the user taxes, or combination of
both, of the undertaking or loan program for which the revenue bonds have been
issued, pledged to the payment thereof, over and ahead of all bonds of any
issue payable from the revenue, or user taxes, or combination of both, which
may be subsequently issued and over and ahead of any claims or obligations of
any nature against the revenue, or user taxes, or combination of both,
subsequently arising or subsequently incurred.  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 execution, or of delivery, by a lien and
charge on the revenue or user taxes, or combination of both, pledged to the payment
thereof, in accordance with this part and the resolution or certificate
authorizing the issuance of revenue bonds. [L 1988, c 28, pt of §3]