South Carolina Statutes
§ 44-7-60 — Borrowing money by nonprofit public hospitals.
Notwithstanding any other provision of law, the governing board of any nonprofit public hospital in this State with the approval of the governing body of the county wherein such hospital is located which has borrowed money may continue to borrow money in the name of the hospital for general hospital purposes. "Borrowing money" as used herein shall include the authority to make notes or other evidences of debt and to secure payment thereof by placing a mortgage on any or all of its property, both real and personal.
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South Carolina § 44-7-60 (Borrowing money by nonprofit public hospitals.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Legislative History
HISTORY: 1978 Act No. 558.
Nearby Sections
15
§ 44-7-1000
Proceeds of bond issue.§ 44-7-1010
Payment of bonds; annual tax.§ 44-7-1020
Acquisition of property; memorials.§ 44-7-1070
Persons who may be patients.§ 44-7-110
Short title.§ 44-7-1100
Tax levy by adjoining county.§ 44-7-1110
Cancellation of contributing agreement.§ 44-7-1120
Annual audit.