This subchapter and the use tax levied pursuant hereto shall not be repealed by the town’s Board of Trustees or by referendum of the registered qualified voters of the town in the event the proceeds of the referenced use tax are being used or have been pledged by the town or any public trust having the town as beneficiary for the purpose of paying debt service on obligations issued by the town or any public trust having the town as beneficiary.
(Prior Code, § 2-3-5) (Ord. 06-09-2003-1, passed 6-9-2003)