The Authority 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 Authority might do; keep such moneys in a separate account or accounts; and apply the moneys in accordance with the obligations of the Authority as the court directs.
2007, c. 676.
Structure Code of Virginia
Title 15.2 - Counties, Cities and Towns
Chapter 53.1 - Southwest Virginia Health Authority
§ 15.2-5368. Southwest Virginia Health Authority established
§ 15.2-5370. Directors; qualifications; terms; vacancies
§ 15.2-5371. Decisions of Authority
§ 15.2-5372. Payment to members of Authority
§ 15.2-5373. Executive director; staff
§ 15.2-5374. Powers of Authority
§ 15.2-5375. Appropriations to Authority
§ 15.2-5376. Issuance of bonds by participating localities and validation thereof
§ 15.2-5377. Issuance and sale of bonds
§ 15.2-5378. Provisions to secure payment of bonds
§ 15.2-5379. Bonds made legal investments
§ 15.2-5380. Bonds payable from revenues of hospital or health centers
§ 15.2-5381. Property of Authority exempt from foreclosure or execution sale and judgment lien
§ 15.2-5384. Records and reports