Securities issued under this division may contain such other terms, provisions, conditions, limitations and agreements, not inconsistent with the provisions of this division, as the directors of the hospital corporation issuing the same shall deem advisable, including, but not limited to, a pledge of all or any part of the revenues of the hospital corporation in payment of the securities and a mortgage of all or any part of the property, real or personal, or any interest therein, of the hospital corporation, including the property acquired or to be acquired from the proceeds of the securities being issued, as security for the payment of the principal of and interest on the securities; provided, that no such mortgage or pledge shall be construed so as to permit the foreclosure thereof.
Structure Code of Alabama
Title 22 - Health, Mental Health, and Environmental Control.
Title 1 - Health and Environmental Control Generally.
Chapter 21 - Hospitals and Other Health Care Facilities Generally.
Article 4 - County Hospital Boards and Corporations.
Division 2 - Hospital Corporations.
Section 22-21-100 - Definitions.
Section 22-21-101 - Designation as Agency to Operate, etc., Public Hospital Facilities.
Section 22-21-102 - Special County Tax - Payment to Hospital Corporation.
Section 22-21-103 - Special County Tax - Validation of Elections - Generally.
Section 22-21-109 - Issuance of Securities - Sale; Expenses, Etc.
Section 22-21-110 - Issuance of Securities - Investment of Trust Funds.
Section 22-21-111 - Issuance of Securities - Incontestability.
Section 22-21-112 - Issuance of Securities - Validation Prior to Issuance.