Indiana Code
Chapter 3. Tax Levies and Appropriations for Hospital Associations by Third Class Cities
16-23-3-5. Bonds; Tax Levy

Sec. 5. (a) The city fiscal body may issue and sell bonds of the city, under the regulations followed for the issuance and sale of bonds for the construction of other city buildings, to provide money to do the following:
(1) Aid in the purchase, equipment, and construction of the hospital buildings and grounds.
(2) Pay the obligations of the hospital association.
(b) The fiscal body may also levy and collect taxes to pay and satisfy bonds when due.
[Pre-1993 Recodification Citation: 16-12.2-4-5.]
As added by P.L.2-1993, SEC.6.

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