Indiana Code 14-33-20-22. Bonds, notes, or other evidences of indebtedness equally and ratably secured by lien
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Sec. 22. All bonds, notes, or other evidences of indebtedness of the same issue shall be equally and ratably secured, without priority because of:
(2) sale;
(1) number or date of issue;
Terms Used In Indiana Code 14-33-20-22
- Lien: A claim against real or personal property in satisfaction of a debt.
(3) execution; or
(4) delivery;
by a lien upon the revenues in accordance with this chapter and the resolution authorizing issuance.
[Pre-1995 Recodification Citation: 13-3-4-8(e) part.]
As added by P.L.1-1995, SEC.26.