There shall be a statutory mortgage lien upon the municipal hospital and appurtenances in favor of the holders of the bonds and coupons. The hospital and appurtenances shall remain subject to the lien until payment in full of the principal and interest of the bonds. Any holder of the bonds or coupons may, by action either at law or in equity, protect and enforce the lien, and may by proper proceedings enforce and compel performance of all duties required by KRS 216.100 to 216.220, including the making and collecting of sufficient rates, the segregation of the income and revenue, and the application thereof.
KRS 216.140
Bondholders' lien -- Enforcement
Known as the Kentucky Charitable Health Care Services Act
The act spans §§ 216–216 (237 sections).
Effective: October 1, 1942 History: Recodified 1942 Ky
Official source: Kentucky General Assembly. Reproduced from public-domain Kentucky statutes; confirm against the official source for the current text. Not legal advice.