Official Code of Georgia Annotated

Title 31. HEALTH · Chapter 7. REGULATION AND CONSTRUCTION OF HOSPITALS AND OTHER HEALTH CARE FACILITIES · Article 4. COUNTY AND MUNICIPAL HOSPITAL AUTHORITIES

31-7-87. Hypothecation or mortgaging of purchased hospital facilities.

Active

Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Should an authority acquire by purchase existing hospital facilities of political subdivisions and pay the reasonable value therefor, nothing in this article shall be construed to prevent the hypothecation or mortgaging of such facilities as security for the repayment of any indebtedness which may be legally incurred by such authority.

The notes below are printed with the section but are not enacted law (O.C.G.A. § 1-1-1(c)). They are shown apart from the text.

History

Ga. L. 1941, p. 241, § 10; Ga. L. 1953, Jan.-Feb. Sess., p. 103, § 1; Ga. L. 1955, p. 618, § 2; Code 1933, § 88-1815, enacted by Ga. L. 1964, p. 499, § 1.

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Current through: Including Acts of the 2025 Session of the General Assembly of Georgia.

Text read from t31-(v23)-2025-pdf.pdf, Volume V23, 2025 edition, pages 385 to 386; merge action: bound only; file SHA-256 ba5a57f85d04.