All refunding bonds of the same issue shall be equally and ratably secured, without priority by reason of number or date of bonds, of sale, of execution or of delivery, by a lien upon the revenues of the enterprise in accordance with the provisions of SECTION 6-17-90 and the resolution authorizing the issuance of such refunding bonds.

HISTORY: 1962 Code SECTION 59-661; 1952 Code SECTION 59-661; 1942 Code SECTION 9293; 1937 (40) 313.