§ 1561. Additional remedies conferrable by Authority
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 35 P.S. Health and Safety
35 P.S. § 1561
§ 1561. Additional remedies conferrable by Authority
An Authority shall have power by its resolution, trust indenture, mortgage, lease or other contract to confer upon any obligee or obligees, holding or representing a specified percentage in bonds or holding a lease, the right, in addition to all rights that may otherwise be conferred, upon the happening of an event of default, as defined in such resolution or instrument, by suit, action or proceeding in any court of competent jurisdiction.
(a) To obtain the appointment of a receiver of any housing project of said Authority, or any part thereof, and of the rents and profits therefrom. If such receiver be appointed, he may enter and take possession of such housing project, or any part thereof, and operate and maintain same, and collect and receive all fees, rents, revenues or other charges thereafter arising therefrom, and shall keep such moneys in a separate account or accounts, and apply the same in accordance with the obligations of said Authority as the court shall direct.
Credits
1937, May 28, P.L. 955, § 21.
35 P.S. § 1561, PA ST 35 P.S. § 1561
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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