30:9-21 - Bonds for new city hospitals in cities of the first class; issue and sale - New Jersey Statutes

30:9-21.  Bonds for new city hospitals in cities of the first class; issue and sale
    Whenever, in the judgment of the municipal board or body having charge of the finances in any city of the first class, the buildings and property devoted  to the use of a city hospital shall be deemed to be insanitary, improper or  inadequate, such board or body may issue bonds, either registered or coupon, to  an amount not exceeding three hundred thousand dollars, and to sell the same,  at public or private sale, to raise money to pay for the erection and  construction and furnishing of a new hospital building or buildings in place of  the hospital building or buildings determined as aforesaid to be insanitary,  improper and inadequate, and to purchase lands necessary for the same.  All  moneys received from the sale of such bonds shall be applied and used for the  purposes herein enumerated, and for no other purpose.