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216.100 Ordinance for bond issue.

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216.100 Ordinance for bond issue. Any city of the second, third, fourth or fifth class may, by ordinance, borrow money and <br>issue negotiable bonds for the purpose of defraying the cost of purchasing, establishing, <br>erecting and acquiring a municipal hospital and necessary appurtenances thereto. The <br>ordinance shall specify the proposed undertaking, the amount of bonds to be issued, and <br>the maximum rate of interest the bonds are to bear. The ordinance shall further provide <br>that the proposed hospital, with necessary appurtenances thereto, is to be purchased, <br>established, erected or acquired pursuant to the provisions of KRS 216.100 to 216.220. History: Amended 1946 Ky. Acts ch. 169, sec. 19. -- Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3235i-3.