The commission may, by its trust indenture given to secure bond issues or other obligations, provide for the appointment of a receiver of the hospital or health center or that part thereof acquired or constructed from funds received from a sale of bonds secured by the pledge of its revenues. If a receiver is appointed, he may enter, take possession of, operate and maintain such hospital or health center or part thereof; collect and receive all fees, rents, revenues or other charges arising therefrom in the same manner as the commission might do; keep such moneys in a separate account or accounts; and apply the moneys in accordance with the obligations of the commission as the court directs.
Code 1950, § 32-287; 1979, c. 719, § 15.1-1527; 1997, c. 587.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 52 - Hospital or Health Center Commissions
§ 15.2-5200. Creation of commission
§ 15.2-5202. When governing bodies may declare need for commission
§ 15.2-5203. Effect of adoption of resolution
§ 15.2-5204. Members of commission; quorum; compensation; expenses; removal and vacancies
§ 15.2-5205. Powers of commission
§ 15.2-5206. Appropriations to commission
§ 15.2-5207. Issuance of bonds by political subdivisions and validation thereof
§ 15.2-5208. Issuance and sale of bonds
§ 15.2-5209. Provisions to secure payment of bonds
§ 15.2-5210. Bonds made legal investments
§ 15.2-5211. Bonds payable from revenues of hospital or health centers
§ 15.2-5212. Property of commission exempt from foreclosure or execution sale and judgment lien
§ 15.2-5215. Records and reports
§ 15.2-5216. When court may enter order declaring need for commission no longer exists
§ 15.2-5217. Finality of order; effect