Section 36322 Of Article 2. Lien Of Bonds From California Water Code >> Division 13. >> Part 6. >> Chapter 4. >> Article 2.
36322
. All revenue bonds of the same issue shall, subject to the
prior and superior rights of outstanding bonds, claims, or
obligations, and notwithstanding anything to the contrary contained
in Section 35471, have a prior and paramount lien on the revenue
pledged for the payment or redemption thereof and the payment of
interest thereon over and ahead of all revenue bonds of any issue
which may be subsequently issued and over and ahead of any claims or
obligations of any nature against the revenue subsequently arising or
subsequently incurred. This section shall not prohibit the district
from making provisions, at the time of issuance and sale of revenue
bonds, for the subsequent issuance of parity lien bonds.