The City may obtain, or aid in obtaining, from any department or agency of the United
States or of the State of California or of any private company, any insurance or guarantee
as to, or of, or for the payment or repayment of, interest, principal rents, fees
or other charges or any part thereof on any loan, lease or sale agreement or any instrument
evidencing or securing the same, made or entered into pursuant to the provisions of
this chapter; and may accept payment in such manner and form as provided therein in
the event of default by a participating health institution, and may assign any such
insurance or guarantee as security for bonds.
(Added by Ord. 2552-C.S., § 1, effective 11-19-87)
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