§ 5-1-4-4 — Creation of authority

Indiana § 5-1-4-4

• Jurisdiction: Indiana
• Title 5: STATE AND LOCAL ADMINISTRATION
• Art. 1: BONDS AND OTHER OBLIGATIONS
• Ch. 4: Hospital Bonding Authorities

Text

(a) The legislative body of any county, second or
third class city, or town in which is located one (1) or more
participating hospitals, upon request in writing by the board of trustees
or other governing board of any such participating hospital, may adopt
a resolution for the creation of an authority under this chapter.
(b) Upon the adoption of the resolution, there is created an authority
which shall be a body corporate and politic for the purpose of
financing, acquiring, constructing, equipping, and leasing a project or
projects to participating hospitals located in the county, city, or town
or refunding outstanding indebtedness of participating hospitals located
in the county, city, or town as authorized by this chapter, or both.
(c) If the authority is created by a resolution of the legislative body
of a county, it shall be known as the "Hospital Authority of
__________ County" (include the name of the county).
(d) If the authority is created by resolution of the legislative body of
a second or third class city or town, it shall be known as the "Hospital
Authority of __________" (include the name of the city or town).
(e) The county auditor, the city clerk, or the town clerk-treasurer, as
the case may be, shall file a certified copy of the resolution with the
executive of the county, city, or town, as the case may be, in which the
authority is created.
Formerly: Acts 1971, P.L.41, SEC.1; Acts 1972, P.L.10, SEC.1;
Acts 1975, P.L.35, SEC.3. As amended by Acts 1980, P.L.23, SEC.2;
Acts 1981, P.L.44, SEC.1; Acts 1982, P.L.30, SEC.1; P.L.40-1985,
SEC.1; P.L.8-1989, SEC.14.