1. The maximum bonded indebtedness which can be authorized by the voters in hospital districts is five percent of the assessed valuation of the property in the district. 2. In determining maximum bonded indebtedness, no consideration need be given to the existing indebtedness against the property created by other taxing districts. 3. The commissioners of a hospital district have no authority to call a special election to authorize the issuance of bonds.
AGO 1954 NO. 363 > Dec 15 1954