Find Legal Information

216.150 Receiver in case of default.

Download pdf

216.150 Receiver in case of default. If there is a default in the payment of the principal or interest of any of the bonds issued <br>under KRS 216.100 to 216.220, any court having jurisdiction of the action may appoint a <br>receiver to administer the municipal hospital on behalf of the city, with power to charge <br>and collect rates for the services the hospital renders sufficient to provide for the payment <br>of any bonds or obligations outstanding against the hospital and for payment of the <br>operating expenses, and to apply the income and revenue in conformity with KRS <br>216.100 to 216.220 and the ordinance referred to in KRS 216.160. Effective: October 1, 1942 <br>History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3235i-8.