Indiana Code 16-22-4-1. Authorization for cumulative building or sinking fund
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Terms Used In Indiana Code 16-22-4-1
- 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.
Sec. 1. The county officers may establish a cumulative building fund under IC 6-1.1-41 or a sinking fund in compliance with the procedures for establishing a cumulative fund under IC 6-1.1-41 for the erection of new hospital buildings, the repairing, remodeling, and enlarging of old hospital buildings, and the equipment of new, enlarged, and old hospitals owned and operated by the county, a voluntary nonprofit association, or a nonprofit corporation.
[Pre-1993 Recodification Citation: 16-12-15-1.]
As added by P.L.2-1993, SEC.5. Amended by P.L.17-1995, SEC.18.