См. также: firearms, first-hand evidence, firm character, first offender
[...] the government is given 'a first and paramount lien upon all the assets of such association,' and to that extent, and no farther, it is entitled, in the distribution of assets, to priority above all other creditors (Cases Determined in the United States Circuit Courts for the Eighth Circuit)
Corporate action (including any necessary action by stock-holders) required to carry out the project and to validate the obligations to be executed and the security delivered as contemplated by the application, and action necessary to secure the same by a first and paramount lien, or a lien having the rank and priority stated in the application. (United States. Federal Emergency Administration of Public Works)
