331.51 Incorporation of local hospital authority; purposes. Sec. 21. An incorporating unit may incorporate a local hospital authority under this act for the purposes of constructing, acquiring, reconstructing, remodeling, improving, adding to, enlarging, repairing, owning, and leasing hospital facilities for the use of a hospital within or without the boundaries of the incorporating unit; lending […]
331.52 Local authority; articles of incorporation, adoption, certificate form. Sec. 22. The incorporation of a local hospital authority shall be accomplished by the adoption of articles of incorporation by the governing body of the incorporating unit. The affirmative vote of the majority of the members-elect of the governing body of the incorporating unit is required […]
331.53 Local authority; articles, contents. Sec. 23. The articles of incorporation shall set forth the name of the local authority, which name shall include the world “hospital”; the name of the incorporating unit; the purpose for which the local authority is created; the number, terms and manner of selection of the local authority’s officers, including […]
331.54 Local authority; articles, execution, filing, publication; validity of incorporation. Sec. 24. The articles of incorporation shall be executed in duplicate and delivered to the county clerk of the county in which the local authority is located, who shall file 1 duplicate in his office and the other with the recording officer of the hospital […]
331.55 Local authority; articles, amendment. Sec. 25. Amendments may be made to articles of incorporation if adopted by the governing body of the incorporating unit. No amendment shall impair the obligation of any bond or other contract. Each amendment shall be adopted, executed and published and certified printed copies filed, in the same manner as […]
331.56 Local authority as public body corporate; enumeration of powers; general powers not limited; conducting business at public meeting; notice. Sec. 26. (1) Each local authority is a public body corporate, having the succession and term as may be provided in its articles of incorporation. It may adopt and amend bylaws for the regulation of […]
331.57 Powers of local authority. Sec. 27. A local authority may: (a) Construct, acquire by gift, purchase, lease, or condemnation, reconstruct, remodel, improve, add to, enlarge, repair, own, and lease hospital facilities, and acquire a site or sites for the facilities. For the purpose of condemnation, it may proceed under Act No. 149 of the […]
331.57a Hospital loan from local authority; purpose; requirements; security; appointment of receiver; limitation on loan; repayment; interest. Sec. 27a. A local authority may lend money to hospitals for the payment of project costs. A hospital loan shall not be made unless the local authority is reasonably satisfied that there will be made available to the […]
331.58 Power of local authority to borrow money and issue negotiable bonds; purpose; payment of principal and interest; bond or coupon not general obligation or debt. Sec. 28. (1) For the purpose of defraying the project costs of hospital facilities, making hospital loans, refinancing indebtedness of a hospital, or refunding or refunding in advance obligations […]
331.59 Contents of resolution authorizing bonds. Sec. 29. A resolution authorizing bonds or an issue of bonds under this chapter may contain provisions, which shall be a part of the contract with the holders of the bonds, as to: (a) The use and disposition of the rentals received under the agreement, or the income from […]
331.60 Additional provisions of resolution authorizing bonds. Sec. 30. A resolution authorizing the issuance of bonds under this act may provide that the principal of, and interest on, the bonds issued shall be secured by: (a) In the case of a lease or lease purchase agreement, a mortgage or deed of trust covering the hospital […]
331.61 Local authority; bonds, enforcement of payment, validity, publication. Sec. 31. (1) The provisions of this act and any resolution and any mortgage or deed of trust shall continue in effect until the principal and interest on the bonds has been fully paid and the duties of the hospital authority and its commission and officers […]
331.62 Issuance of new bonds. Sec. 32. If it considers refunding expedient, a local authority may periodically issue bonds to refund or refund in advance bonds or notes issued by the local authority, any other local authority, or the state authority, by the issuance of new bonds pursuant to the requirements of sections 43a to […]
331.63 Local authority; conveyance of hospital facilities. Sec. 33. When all bonds issued pursuant to the provisions of this chapter have been retired, then the local authority may convey the title to the hospital facilities to the lessee hospital or organization authorized to operate a hospital in accordance with any agreement executed between the local […]
