§ 2-2-42. Neither credit nor taxing power pledged.

(a)

Bonds issued under the provisions of this article shall not be deemed to constitute a debt of the county or a pledge of the full faith and credit of the county, but such bonds shall be payable solely from certain non-ad valorem revenues as determined by subsequent proceedings of the county. All such bonds shall contain a statement on their face to the effect that the county is not obligated to pay the same or the interest thereon except from the non-ad valorem revenues as determined by subsequent proceedings of the county and that the full faith and credit of the county are not pledged to the payment of the principal of or interest on the bonds.

(b)

The bonds issued under the provisions of this article shall not directly or indirectly or contingently obligate the county to levy or to pledge any form of ad valorem taxation therefor. No owner of bonds shall ever have the right to compel the exercise of the ad valorem taxing power on the part of the county to pay such bonds or the interest thereon or to enforce payment of such bonds or the interest thereon against any property of the county, nor shall such bonds constitute a charge, lien or encumbrance upon any property of the county, except for the certain non-ad valorem revenues pledged for the payment of the bonds as determined by subsequent proceedings of the county.

(Ord. No. 85-14, § 3, 5-28-85)