145A.17  Indebtedness and bonds.

Boards of hospital trustees may by resolution acquire sites and buildings by purchase, lease, construction, or otherwise, for use by area hospitals and may by resolution contract indebtedness on behalf of the merged area and issue bonds bearing interest at a rate not exceeding the rate of interest permitted by chapter 74A, to raise funds in accordance with chapter 75 for the purpose of acquiring the sites and buildings.

Section History: Early form

  [C71, 73, 75, 77, 79, 81, § 145A.17]

Section History: Recent form

  85 Acts, ch 123, §8

Internal References

  Referred to in § 145A.18


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