Johnson, 010880 MSAGO, 19800108
Case Date | January 08, 1980 |
Court | South Carolina |
1. Is the county or the hospital legally liable for retirement of the bonds when the bonds are issued by the County Board of Supervisors and the bond instrument states that the issue is General Obligation Bonds, and the board instrument also states the net revenues of the hospital are pledged for retirement of the bond interest and principal? 2. Is the county or the hospital legally liable for retirement of the bonds when the bonds are issued by the County Board of Supervisors, and the bond instrument states that the issue is 'Hospital Revenue Bonds' secured by the revenue of the hospital?Section 41-13-23, Mississippi Code of 1972, as amended, provides for a pledge of revenues to pay bonds and states:
All bonds, notes or other evidences of indebtedness issued under section 41-13-19 may be...
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