Upon the transfer of all of the property, real and personal, of The Lakewood Public Hospital Company to the City and acceptance thereof, Council shall by ordinance establish a municipal hospital to be known as The Lakewood Hospital, for the purpose of using and maintaining the property so transferred to the City until other suitable hospital facilities are provided by the City as determined by Council. For such purpose, in accordance with the general laws and as authorized by the electors of the City, Council may issue and sell bonds in such amounts as may be necessary for the procuring of the necessary real estate and the erection, furnishing and equipping of such Hospital or other Hospital facilities which may be provided by the City at any location selected by the duly authorized officials of the City.
(Ord. 3136. Passed 9-2-1930.)