All bonds issued under §§ 36.25 through 36.37 shall have a lien on the income and revenues derived by the city from the housing development for which the bonds have been issued. The city council may provide in the resolution or resolutions authorizing the bonds for the issuance of additional bonds to be equally and ratably secured by a lien on such income and revenues or may provide that the lien upon the income and revenues for future bonds is subordinate.
(Ord. 6491, passed 8-9-77)