N.D. Cent. Code § 40-36-11
40-36-11. No priority in refunding bonds of same issue
40-36-11. No priority in refunding bonds of same issue
All refunding bonds of the same issue shall be secured equally and ratably, without priority
by reason of number, date of bonds, date of sale, date of execution, or date of delivery, by a lien
upon the revenues of the enterprise in accordance with the provisions of this chapter and the
resolution authorizing the issuance of such refunding bonds.