Powers of board of trustees: Issuance and sale of bonds for certain purposes. The board of trustees may issue and sell, for each district in its jurisdiction:
1. General obligation bonds, payable from taxes;
2. General obligation bonds, payment of which is additionally secured by a pledge of gross or net revenues derived from the operation of hospital facilities; and
3. Special obligation bonds, payable solely from gross or net revenues derived from the operation of hospital facilities,
Ê for the purpose of providing funds for the purchase of hospital equipment, the acquisition of property, the construction of buildings and improvement of property owned by the district for use in any one county hospital district.
Last modified: February 26, 2006