§ 1717. Additional remedies conferrable by Authority
Purdon's Pennsylvania Statutes and Consolidated StatutesTitle 35 P.S. Health and Safety
35 P.S. § 1717
§ 1717. Additional remedies conferrable by Authority
An Authority shall have power by its resolution, trust, indenture, mortgage, lease or other contract to confer upon any 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 real property of the Authority and of the rents and profits therefrom. If such receiver be appointed, he may enter and take possession of such real property, operate the same and collect and receive all revenues or other income thereafter arising therefrom, and shall keep such moneys in a separate account and apply the same in accordance with the obligations of the Authority as the court shall direct;
Credits
1945, May 24, P.L. 991, § 17.
35 P.S. § 1717, PA ST 35 P.S. § 1717
Current through Act 10 of the 2024 Regular Session. Some statute sections may be more current, see credits for details.
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