43-1918. LIEN OF BONDS. All bonds of the same issue shall, subject to the prior and superior rights of outstanding bonds, claims or obligations, have prior and paramount lien on the revenue of the works for which the bonds have been issued, except that where provision is made in the resolution authorizing any issue or series of bonds for the issuance of additional bonds in the future on a parity therewith pursuant to procedures or restrictions provided in the resolution, additional bonds may be issued in the future on a parity with the issue or series in the manner so provided in the resolution. All 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 date of delivery, by a lien on revenue in accordance with the provisions of the irrigation district domestic water system revenue bond act and the resolution authorizing bonds.
History:
[43-1918, added 1988, ch. 299, sec. 13, p. 950.]
Structure Idaho Code
Title 43 - IRRIGATION DISTRICTS
Chapter 19 - DOMESTIC WATER SYSTEMS — CONTRACTS WITH UNITED STATES
Section 43-1901 - AUTHORITY CONFERRED.
Section 43-1902 - METHOD OF MAKING CONTRACT.
Section 43-1903 - TOLLS AND CHARGES — HANDLING OF FUNDS.
Section 43-1904 - LIENS FOR TOLLS AND CHARGES — RECORDING — DURATION — ENFORCEMENT.
Section 43-1905 - ASSESSMENTS AND CHARGES AGAINST BENEFITED LANDS.
Section 43-1906 - SHORT TITLE.
Section 43-1907 - GRANT OF AUTHORITY.
Section 43-1908 - DEFINITIONS.
Section 43-1910 - SUPERVISION OF WORKS.
Section 43-1911 - WORKS TO BE SELF-SUPPORTING.
Section 43-1912 - USE OF WORKS — REVENUE.
Section 43-1913 - PRELIMINARY EXPENSES.
Section 43-1914 - RESOLUTION PRIOR TO CONSTRUCTION — ELECTION.
Section 43-1915 - BONDS — FORM — CONDITIONS.
Section 43-1916 - BONDS — ISSUANCE — TERMS AND CONDITIONS.
Section 43-1917 - VALIDITY OF BONDS.
Section 43-1918 - LIEN OF BONDS.