Section 39-1450 – SECURITY FOR BONDS AND NOTES.
39-1450. SECURITY FOR BONDS AND NOTES. The principal of and interest on any bonds or notes issued by the authority may be secured by a pledge of, or security interest in, the revenues, rentals and receipts out of which the same may be made payable or from other moneys available therefor and not otherwise pledged […]
Section 39-1460 – POWERS IN ADDITION TO THOSE GRANTED BY OTHER LAWS — SEVERABILITY.
39-1460. POWERS IN ADDITION TO THOSE GRANTED BY OTHER LAWS — SEVERABILITY. The powers conferred by this act shall be in addition and supplementary to, and the limitations by this act shall not affect the powers conferred by any other law except as herein provided. Facilities may be acquired, purchased, constructed, reconstructed, improved, bettered and […]
Section 39-1450A – PERSONAL LIABILITY.
39-1450A. PERSONAL LIABILITY. Neither the members of the authority nor any person executing the bonds or notes shall be liable personally on the bonds or notes or be subject to any personal liability or accountability by reason of the issuance thereof. History: [I.C., sec. 39-1450A, as added by 1973, ch. 178, sec. 9, p. 393.]
Section 39-1450B – PURCHASE.
39-1450B. PURCHASE. The authority shall have power out of any funds available therefor to purchase its bonds or notes. The authority may hold, pledge, cancel or resell such bonds or notes, subject to and in accordance with agreements with bondholders or noteholders. History: [I.C., sec. 39-1450B, as added by 1973, ch. 178, sec. 9, p. […]
Section 39-1450D – TRUST AGREEMENT TO SECURE BONDS.
39-1450D. TRUST AGREEMENT TO SECURE BONDS. In the discretion of the authority any bonds issued under this act may be secured by a trust agreement by and between the authority and a corporate trustee or trustees, which may be any trust company or bank having the powers of a trust company within or without the […]
Section 39-1451 – PAYMENT OF BONDS — NONLIABILITY OF STATE.
39-1451. PAYMENT OF BONDS — NONLIABILITY OF STATE. Bonds and notes issued by the authority shall not constitute or become an indebtedness, or a debt or liability of the state, the legislature thereof, or of any county, city, town, township, board of education or school district, or other subdivision of the state, or of any […]
Section 39-1452 – EXEMPTION FROM TAXATION — SECURITIES LAW.
39-1452. EXEMPTION FROM TAXATION — SECURITIES LAW. The authority is hereby declared to be performing a public function for the benefit of the people of the state for the improvement of their health and living conditions and to be a public instrumentality of the state. Accordingly, the income or other revenues of the authority, and […]
Section 39-1453 – RENTS AND CHARGES.
39-1453. RENTS AND CHARGES. The authority is authorized to fix, revise, charge and collect rates, rents, fees and charges for the use of and for the services furnished or to be furnished by each facility and to contract with any person, partnership, association or corporation, or other body, public or private, in respect thereof. Such […]
Section 39-1453A – FEES.
39-1453A. FEES. All expenses of the authority incurred in carrying out the provisions of this act shall be payable solely from funds provided under the authority of this act and no liability shall be incurred by the authority beyond the extent to which moneys shall have been provided under this act, except that for the […]
Section 39-1454 – CONVEYANCE OF TITLE TO INSTITUTION.
39-1454. CONVEYANCE OF TITLE TO INSTITUTION. When the principal of (an) and interest on bonds issued by the authority to finance the cost of facilities or to refinance outstanding indebtedness of one or more participating health institutions, including any refunding bonds issued to refund and refinance such bonds, have been fully paid and retired or […]