§16-13D-14. Statutory mortgage lien created; foreclosure thereof.
There shall be and is hereby created a statutory mortgage lien
upon such water supply, wastewater transportation or treatment
system of the authority, which shall exist in favor of the holders
of bonds hereby authorized to be issued, and each of them, and such
system shall remain subject to such statutory mortgage lien until
payment in full of all principal of and interest on such bonds.