All bonds issued under §§ 36.55 through 36.65 have a lien on the revenues and receipts derived from the project for which the bonds have been issued, and the governing body may provide in the ordinance or ordinances authorizing the bonds for the issuance of additional bonds to be equally and ratably secured by a lien on such revenues and receipts or may provide that the lien on such revenues and receipts is subordinate.
(Ord. 6067, passed 11-20-73)