The bonds and the attached coupons shall not be a general obligation or indebtedness of the Village of Birch Run, but shall be payable solely from the net revenues derived from the operation of the system, and to secure the payment, there is hereby created a statutory first lien upon the whole of the net revenues of the system to continue until the payment in full of the principal and interest on the bonds.
(1992 Code, § 80.005) (Ord. 1-62, passed - - 1962)