34-9-9. Transfer of surplus municipal funds to private hospitals authorized.
Authority is hereby granted to municipalities to transfer surplus funds accumulated through special municipal revenue producing enterprises to private hospital corporations towards the cost of construction of any hospital to be constructed or now under construction or towards the retirement of any indebtedness incurred in the construction of a hospital in such municipality; provided such transfer of funds shall be made through a majority vote of the governing body of the municipality and accepted by a majority vote of the directors of such hospital corporation.
Source: SL 1949, ch 200, §1; SL 1953, ch 259; SDC Supp 1960, §45.1437.
Structure South Dakota Codified Laws
Title 34 - Public Health and Safety
Chapter 09 - Municipal Hospitals
Section 34-9-1 - City power to establish and maintain hospital--Leases--Agreements with county.
Section 34-9-2 - Types of institutions covered.
Section 34-9-4 - Counties permitted to assist municipal hospitals.
Section 34-9-5 - County commissioners' resolution to aid city hospital--Method of financing.
Section 34-9-9 - Transfer of surplus municipal funds to private hospitals authorized.
Section 34-9-12 - Conditions for transfer of municipal property to corporation.
Section 34-9-14 - Approval of municipality required for sale of real property by corporation.