§47-12  Pledge of full faith and credit,
unlimited taxation to pay principal and interest; satisfaction of judgment. 
The full faith and credit of the county shall be pledged to the payment of the
principal of and interest on the bonds issued by the county under this chapter,
whether or not the pledge is stated in the bonds.  For the payment of the
principal and interest, the governing body shall levy ad valorem taxes without
limitation as to rate or amount on all the real property subject to taxation by
the county.



Should any county default in the payment of any
judgment secured against the county, upon an action at law for the collection
of the principal or interest, or any part of either thereof, of any bond of the
county, the director of finance of the county shall thereafter reserve from the
general revenues of the county, as soon as received, money sufficient to pay
the judgment. [L 1989, c 80, pt of §2]