Guam § 14221 - Bonds May Be Secured by Revenues of System.
Full text of Guam Guam Code Annotated § 14221 — Bonds May Be Secured by Revenues of System., with citation guidance and answers to common questions.
§ 14221. Bonds May Be Secured by Revenues of System.
An indenture may provide that payment of the bonds and the interest thereon shall be secured by a
pledge of and lien upon all or any portion of the revenues of the system. Any such pledge and lien shall be
valid and binding from the time the pledge is made. The revenues pledged and thereafter received by the
Authority or by any trustee, depository or custodian shall be deposited in the Guam Waterworks Authority
Revenue Fund and shall be immediately subject to the lien of such pledge without any physical delivery
thereof or further act, and the lien of such pledge shall be valid and binding against all parties having claims
of any kind in tort, contract or otherwise against the Authority or such trustee, depository or custodian,
irrespective of whether the parties have notice thereof. The indenture by which such pledge is created need
not be recorded.
Source: official Guam text · Last verified 2026-08-27
Frequently Asked Questions About Guam § 14221
What does Guam Code Annotated § 14221 cover?
Section 14221 ("Bonds May Be Secured by Revenues of System.") 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 § 14221?
A common citation format is "Guam Code Annotated § 14221" (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 § 14221 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.