Sec. 5.3. Municipal taxes.
   The fiscal affairs of the Town of Rutherford College shall be governed by Chapter 159 of the General Statutes, and all other pertinent provisions of the Constitution and General Laws of the State. The territory within the corporate limits, its citizens and property shall be subject to municipal taxes levied by the town for the fiscal year of 1978-1979, and subsequent years. The town shall obtain from Burke County, and the county shall provide, upon request, a record of the property within the corporate limits which were listed for taxation as of January 1, 1978.”