Same: Equality. — Guam Code § 1213

§ 1213. Same: Equality.

All general revenue bonds constituting a part of the same issue shall be equally and ratably secured,

without priority by reason of number, date of bonds, date of sale, date of execution or date of delivery, by

a lien and charge on the revenue pledged to the payment thereof in accordance with this Article and the

bond resolution authorizing the issuance of such bonds; provided, this provision shall not be deemed to

prohibit the issuance of general revenue bonds which are payable junior and subordinate to outstanding

general revenue bonds. Any additional general revenue bonds which are payable out of the revenue of the

airports may be issued on a parity with any general revenue bonds previously issued upon compliance with

any conditions which may be prescribed in the bond resolution.