Guam § 1213 - Same: Equality.
Full text of Guam Guam Code Annotated § 1213 — Same: Equality., with citation guidance and answers to common questions.
§ 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.
Frequently Asked Questions About Guam § 1213
What does Guam Code Annotated § 1213 cover?
Section 1213 ("Same: Equality.") is part of the Guam Code Annotated, the codified statutory law of Guam. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Guam § 1213?
A common citation format is "Guam Code Annotated § 1213" (Guam). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Guam law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Guam official source linked on this page or consult a licensed Guam attorney.
How does Guam § 1213 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Guam can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Guam.