---
title: O.C.G.A. § 31-7-87. Hypothecation or mortgaging of purchased hospital facilities.
collection: code
id: 31-7-87
cite_as: O.C.G.A. § 31-7-87 (2025)
canonical_url: https://georgiacommons.org/code/31-7-87
md_url: https://georgiacommons.org/code/31-7-87.md
text_url: https://georgiacommons.org/code/31-7-87/text
source_url: https://www.legis.ga.gov/api/document/docs/default-source/joint-features-document-library/t31-(v23)-2025-pdf.pdf?sfvrsn=da7ded69_0#page=385
date: 2025
status: active
corpus_version: 2025-supplement-89aa39ab3c68
license: CC0-1.0
publisher: Georgia Commons, an independent project of Georgia Civic Data. Not the State of Georgia. Not legal advice.
up: https://georgiacommons.org/code/31-7.md
previous: https://georgiacommons.org/code/31-7-86.md
next: https://georgiacommons.org/code/31-7-88.md
index: https://georgiacommons.org/code/index.md
version: the only printed version
in_force: true
current_through: Including Acts of the 2025 Session of the General Assembly of Georgia
heading_path: HEALTH / REGULATION AND CONSTRUCTION OF HOSPITALS AND OTHER HEALTH CARE FACILITIES / COUNTY AND MUNICIPAL HOSPITAL AUTHORITIES
---

# O.C.G.A. § 31-7-87. Hypothecation or mortgaging of purchased hospital facilities.

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.

## 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.