Indiana Code 16-23-3-2. Construction and equipment of facilities; payment of obligations; contracts
(1) Appropriate money to aid in the construction and equipment of hospital buildings and purchase of suitable grounds, in an amount not more than the amount provided for the purchase and construction by the nonprofit hospital corporation under section 1 of this chapter.
Terms Used In Indiana Code 16-23-3-2
- Contract: A legal written agreement that becomes binding when signed.
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
(3) Enter into a contract, upon terms the city fiscal body considers advantageous to the citizens of the city, with the nonprofit hospital corporation under section 1 of this chapter and donors of a fund for the following purposes:
(A) To purchase grounds and construct and equip the hospital building.
(B) To name the hospital.
(C) To hold title to the hospital building and grounds.
(D) To receive donations and determine the terms upon which donations may be accepted.
[Pre-1993 Recodification Citation: 16-12.2-4-1(b).]
As added by P.L.2-1993, SEC.6.