Each issue of bonds or other obligations issued under subsection (a) of shall have a parity lien with every other issue of bonds or other obligations issued for payment of principal and interest out of revenues received under , except that issues guaranteed under shall have priority, according to the date of issue, over issues not so guaranteed and the revenues received under shall be pledged for the payment of such bonds or other obligations.
Structure US Code
Title 48— TERRITORIES AND INSULAR POSSESSIONS
CHAPTER 12— VIRGIN ISLANDS [1954]
SUBCHAPTER III— LEGISLATIVE BRANCH
§ 1573. Time, frequency, and duration of regular sessions; special sessions; place of holding
§ 1574. Legislative powers and activities
§ 1574a. Revenue bonds or other obligations
§ 1574b. Federal guarantee for issuance of revenue bonds or other obligations
§ 1574c. Priority for payment of principal and interest of revenue bonds or other obligations
§ 1576. General elections; time; transfer of Council functions, property, etc.