Indiana § 16-23-3-5 Bonds; tax levy

Indiana Statutes

§ 16-23-3-5 — Bonds; tax levy

Indiana § 16-23-3-5

Title 16HEALTH

Art. 23MUNICIPAL AND OTHER TYPES OF

Ch. 3Tax Levies and Appropriations for Hospital Associations

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Bluebook

Ind. Code § 16-23-3-5 (2026).

Text

(a)The city fiscal body may issue and sell bonds of the city, under the regulations followed for the issuance and sale of bonds for the construction of other city buildings, to provide money to do the following:

(1)Aid in the purchase, equipment, and construction of the hospital buildings and grounds.

(2)Pay the obligations of the hospital association.

(b)The fiscal body may also levy and collect taxes to pay and satisfy bonds when due. [Pre-1993 Recodification Citation: 16-12.2-4-5.]

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(a) The city fiscal body may issue and sell
bonds of the city, under the regulations followed for the issuance and
sale of bonds for the construction of other city buildings, to provide
money to do the following:
(1) Aid in the purchase, equipment, and construction of the
hospital buildings and grounds.
(2) Pay the obligations of the hospital association.
(b) The fiscal body may also levy and collect taxes to pay and satisfy
bonds when due.
[Pre-1993 Recodification Citation: 16-12.2-4-5.]