The board of county commissioners in any county in this state may issue the bonds of the county for the purpose of purchasing an existing hospital and site, upon an appraisal by a board established by usual procedure with or without equipment and supplies, or other suitable buildings and site, or for the purpose of purchasing a site for a hospital and for the erection, equipment, and maintenance thereof, in either event, or for the construction and equipment of one or more additions and improvements to an existing hospital. No county may issue its bonds under the provisions of this section in excess of two percent of its assessed valuation of the taxable property therein for the year preceding that in which the indebtedness is incurred. A continuing annual tax shall be levied for the payment of the bonds and interest thereon in accordance with § 7-24-18. All bonds shall be authorized, issued, and sold as provided in chapter 6-8B.

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Source: RC 1919, § 7694 (1) as enacted by SL 1919, ch 282; SL 1929, ch 210, § 1; SDC 1939, § 27.1901; SL 1953, ch 125; SL 1955, ch 95, § 1; SL 1959, ch 133; SL 1982, ch 258, § 2; SL 1984, ch 43, § 110.