Sec. 2. If any city issuing bonds hereunder shall then have outstanding other water revenue bonds which constitute a prior lien on the revenues of the city's water system, bonds may be issued hereunder in such manner as to be subordinate to the outstanding bonds.
Joint source; cities having outstanding water revenue bonds.
Mich. Comp. Laws § 123.152, under WATER SUPPLY; JOINT SOURCE.
Mich. Comp. Laws § 123.152