Section 99332 Of Article 7. Limited Obligation Bonds From California Public Utilities Code >> Division 10. >> Part 11. >> Chapter 4. >> Article 7.
. Bonds of the same issue shall be equally secured by a
pledge, charge, and lien upon the revenues specified in the
resolution authorizing the issuance of the bonds, without priority
for number, or date of bonds, of sale, of execution, or of delivery
pursuant to this chapter and the resolution authorizing the issuance
of the bonds; except that any county, with the consent of the
transportation planning agency, may authorize the issuance of bonds
of different series and may provide that the bonds in any series
shall, to the extent and in the manner prescribed in the resolution,
be subordinated and be junior in standing, with respect to the
payment of principal and interest and the security thereof, to such
other bonds as may be specified in the resolution.