Section 2-5-16 Lease of space or facilities; remedies upon default.
Section 2-5-16
Lease of space or facilities; remedies upon default.
To assure the liquidation of the costs incurred in the installation of facilities at farmers' markets, notwithstanding Article 3 of Chapter 15 of Title 9 (commencing with Section 9-15-70), the Farmers' Market Authority is hereby authorized to enter into contracts, whereby persons who desire space or facilities at the markets may lease the facilities or space as necessary for their operation for a term not exceeding 30 years. The contract or lease, or both, shall contain provisions for the termination of the contract or lease, or both, upon the breach of the conditions therein or upon the failure to comply with the rules and regulations promulgated by the authority. The venue of any action resulting from the termination of such a lease or contract, or both, shall be either in Montgomery County or the county in which the market is located. If there be any default by the municipality, county, state, or any public corporation or state agency in the payment of any installment of rent or the performance of any agreement required to be made or performed under the provisions of any lease agreement, the corporation and the trustee, or either of them, under any indenture shall have and may exercise any one or more of the following remedies:
(1) By mandamus, injunction, or other proceedings, compel performance by the officials of such lessee of their duties respecting payment of the rentals required to be paid and the performance of the agreements on the part of such lessee required to be performed under any such lease agreement.
(2) A judgment against such lessee for all monetary payments required to be made by such lessee under the provisions of such lease agreement with respect to which the lessee is then in default.
(3) Terminate the lease and take possession of the project or part thereof leased to such lessee.
(4) Exercise any other remedy provided for in the lease.
(Acts 1965, No. 672, p. 1208, §17; Acts 1966, Ex. Sess., No. 174, p. 200; Acts 1969, No. 270, p. 600, §1; Act 98-243, p. 396, §1.)