Smith v. Hospital Authority

Candler, Justice.

On April 1, 1949, the Hospital Authority of Hall County and City of Gainesville issued and sold revenue-anticipation certificates in the principal amount of $250,000, and used the proceeds for the purpose of financing in part the construction of a hospital and related facilities at Gainesville, Georgia. On February 10, 1954, it found, and by resolution declared, that its hospital and related facilities were inadequate and that it was necessary, because of such inadequacy, to make additions and improvements to its hospital in accordance or substantially in accordance with…