§16-13D-14 Statutory mortgage lien created; foreclosure thereof.
§16-13D-14. Statutory mortgage lien created; foreclosure thereof.
There shall be and is hereby created a statutory mortgage lien upon such water supply, wastewater transportation or treatment system of the authority, which shall exist in favor of the holders of bonds hereby authorized to be issued, and each of them, and such system shall remain subject to such statutory mortgage lien until payment in full of all principal of and interest on such bonds.