§47-13  Exemption from taxes; first chargeon general fund.  All bonds heretofore or hereafter issued under theauthority of this chapter and the income therefrom shall be exempt from any andall taxation by the State or any county or other political subdivision thereof,except inheritance, transfer, and estate taxes.

The interest and principal payments of bondsissued under this chapter shall be a first charge on the general fund of thecounty issuing same, and sufficient revenues shall be raised or provided fromtime to time by the county for the purpose of that payment.  The governing bodyof any county issuing bonds under this chapter shall appropriate out of thegeneral fund of the county all amounts necessary for the payment of theprincipal of and interest on the bonds as and when the same become due, and theappropriation shall be a paramount appropriation upon the general fund of thecounty issuing same. [L 1989, c 80, pt of §2]