Find Legal Information

216.140 Bondholders' lien -- Enforcement.

Download pdf

216.140 Bondholders' lien -- Enforcement. There shall be a statutory mortgage lien upon the municipal hospital and appurtenances in <br>favor of the holders of the bonds and coupons. The hospital and appurtenances shall <br>remain subject to the lien until payment in full of the principal and interest of the bonds. <br>Any holder of the bonds or coupons may, by action either at law or in equity, protect and <br>enforce the lien, and may by proper proceedings enforce and compel performance of all <br>duties required by KRS 216.100 to 216.220, including the making and collecting of <br>sufficient rates, the segregation of the income and revenue, and the application thereof. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. secs. 3235i-6, 3235i-7.