2014 Louisiana Laws
Revised Statutes
TITLE 39 - Public Finance
RS 39:836 - Holder of bonds, notes and certificates, to have privilege on funds and revenues
§836. Holder of bonds, notes and certificates, to have privilege on funds and revenues
Any person, firm, corporation or association of persons holding any of the bonds, notes or certificates shall have a lien and privilege on such funds and revenues of the political subdivision issuing them as are set aside by this Part and shall be dedicated by the issuing political subdivision for the payment of the interest and principal thereof, and the interest and principal shall be paid out of the revenues and funds by preference over all other claims against or obligations of the political subdivision issuing them.
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