36-1417. Power of public body to provide
additional remedies to obligee
A public housing authority, city, town or county may by resolution, trust indenture,
lease or other contract confer on any obligee holding or representing a specified amount
in bonds, or holding a lease, the right, in addition to all rights that may otherwise be
conferred on the happening of an event of default as defined in the resolution or
instrument, by an action or proceeding in any court of competent jurisdiction:
1. To cause possession of any housing project or any part of a housing project to
be surrendered to any such obligee, which possession may be retained by the bondholder or
trustee as long as the public housing authority, city, town or county continues in
default.
2. To obtain the appointment of a receiver of any housing project of the public
housing authority, city, town or county, or any part of a housing project, and of the
rents and profits from the housing project. If a receiver is appointed, the receiver may
enter and take possession of the housing project or any part of the housing project and,
as long as the public housing authority, city, town or county continues to default,
operate and maintain it and collect and receive all fees, rents, revenues or other
charges thereafter arising from the housing project and shall keep the monies in a
separate account or accounts and apply them in accordance with the obligations of the
public housing authority, city, town or county as the court directs.
3. To require the public housing authority, city, town or county and its officers
and agents to account as if it and they were the trustees of an express trust.
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