Supplemental Public Securities Act Provisions. Pursuant to the resolution of the Authority authorizing the issuance of the Bonds, the Authority has elected to apply Sections 00-00-000, 00-00-000 (other than Section 11-57-207(1)(a)), 00-00-000, 00-00-000, 00-00-000, 00-00-000, 00-00-000 and 00-00-000 of the Supplemental Public Securities Act, being Part 2 of Article 57 of Title 11, Colorado Revised Statutes (the “Supplemental Act”) to the Series 2017-I Bonds. Pursuant to said Section 00-00-000, each Series 2017-I Bond shall recite that it is issued under the authority of such resolution and the Supplemental Act and that it is the intention of the Authority that such recital shall be conclusive evidence of the validity and the regularity of the issuance of the Series 2017-I Bonds after their delivery for value. Pursuant to said Section 00-00-000, the assets pledged under the Indenture for the payment of the Series 2017-I Bonds, as received by or otherwise credited to the Authority, shall immediately be subject to the lien of such pledge without any physical delivery, filing or further act. The lien of such pledge and the obligation to perform the contractual provisions made in such resolution and the Indenture shall have priority over any or all other obligations and liabilities of the Authority. The lien of such pledge shall be valid, binding and enforceable as against all persons having claims of any kind in tort, contract or otherwise against the Authority irrespective of whether such persons have notice of such lien.
Supplemental Public Securities Act Provisions. Section 00-00-000 of the Supplemental Act provides that a public entity, including the Issuer, may elect in an act of issuance to apply all or any of the provisions of the Supplemental Act. Pursuant to the Resolution, the Issuer has elected to apply all of the provisions of the Supplemental Act to the Bonds and has assigned the Revenues and the Note to payments of the Bonds pursuant to the Supplemental Act.