360.055. Acquisition of property authorized--participating health or educational institution, power to borrow funds from authority.

MISSOURI STATUTES AND CODES

360.055. Acquisition of property authorized--participating health or educational institution, power to borrow funds from authority.

Acquisition of property authorized--participating health oreducational institution, power to borrow funds from authority.

360.055. 1. The authority is authorized and empowereddirectly, or by or through a participating health institution orparticipating educational institution, as the case may be, actingas an agent of the authority, to acquire by purchase, lease,gift, devise, or otherwise such lands, structures, real orpersonal property, rights-of-way, franchises, easements, andother interests in lands, including lands lying under water andriparian rights which are located within or without the state, asthe authority may deem necessary or convenient for theconstruction or acquisition or operation of any facility orfacilities, but only upon such terms as may be considered by theauthority to be reasonable, and to take title thereto in the nameof the authority or in the name of the participating healthinstitution or the participating educational institution, as thecase may be, as the agent of the authority.

2. Notwithstanding any other provisions of law to thecontrary, all partnerships, limited partnerships, joint venturesor other entities or any public association, corporation orinstitution which is, or is owned or operated by, any politicalsubdivision of the state of Missouri, which constitutes aparticipating educational institution or a participating healthinstitution pursuant to section 360.015 shall have the power toborrow funds from the authority or otherwise finance through theauthority pursuant to sections 360.010 to 360.140, to furnish asecurity interest in any of their revenues or properties tosecure the borrowings, to issue notes or other evidence ofindebtedness to evidence thereof upon such terms as suchborrowing entity shall determine and to enter into leases,contracts, loan agreements and other instruments with theauthority in connection therewith.