If the proceeds of the bonds of an issue, by error of estimates or otherwise, are less than the cost, additional bonds may in like manner be issued to provide the amount of the deficit. Unless otherwise provided in the resolution authorizing the issuance of bonds or in the trust agreement securing the bonds, the bonds are considered to be of the same issue and are entitled to payment from the same fund without preference or priority of the bonds first issued.

[Pre-1995 Recodification Citation: 14-3-12-13 part.]

As added by P.L.1-1995, SEC.7.