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



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