206.122. Revenue bonds authorized, when. - Missouri Statutes

Revenue bonds authorized, when.

206.122. As an alternative to the authorization for anindebtedness provided by section 206.120, for the purpose ofproviding funds for the acquisition, construction, erection,equipment and furnishing of hospitals and related facilities,including medical office buildings to provide offices for rentalto physicians and dentists on the district hospital's medical ordental staff, and for providing sites therefor, includingoffstreet parking space, and making from time to timeenlargements or extensions thereof, the board of directors mayissue and sell revenue bonds. The revenue bonds are payable,both as to principal and interest, solely and only out of the netincome and revenues arising from the operation of the facility,after providing for the costs of operation and maintenancethereof, or from other funds made available to the facility fromsources other than from proceeds of taxation.

(L. 1971 S.B. 142, A.L. 1981 H.B. 258)