All bonds issued under §§ 36.10 through 36.22 have a lien on the revenues and receipts derived from the lease, the loan agreement, or other agreement between the city and the hospital. The city council may provide in the bond ordinance for the issuance of additional bonds to be equally and ratably secured by a lien on the revenues and receipts or may provide that the lien on the revenues and receipts is subordinate.
(Ord. 6550, passed 1-31-78)