Kentucky Statutes 216.150 – Receiver in case of default
Current as of: 2024 | Check for updates
|
Other versions
If there is a default in the payment of the principal or interest of any of the bonds issued under KRS § 216.100 to KRS § 216.220, any court having jurisdiction of the action may appoint a receiver to administer the municipal hospital on behalf of the city, with power to charge and collect rates for the services the hospital renders sufficient to provide for the payment of any bonds or obligations outstanding against the hospital and for payment of the operating expenses, and to apply the income and revenue in conformity with KRS
216.100 to 216.220 and the ordinance referred to in KRS § 216.160.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 3235i-8.
216.100 to 216.220 and the ordinance referred to in KRS § 216.160.
Terms Used In Kentucky Statutes 216.150
- Action: includes all proceedings in any court of this state. See Kentucky Statutes 446.010
- City: includes town. See Kentucky Statutes 446.010
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
Effective: October 1, 1942
History: Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky.
Stat. sec. 3235i-8.