75-6-325. Statutory mortgage lien.
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/mt/title-75/chapter-6/part-3/75-6-325·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
75-6-325 . Statutory mortgage lien. There is a statutory mortgage lien upon the water supply, wastewater transportation, or treatment system of the authority. The lien exists in favor of the holders of bonds authorized to be issued pursuant to this part, and each holder and the system remain subject to the statutory mortgage lien until payment in full of all principal of and interest on the bonds.