Sec. 8-55. Additional remedies conferrable by authority.
Sec. 8-55. Additional remedies conferrable by authority. An authority shall
have power, by its resolution, trust indenture, mortgage, lease or other contract, to confer
upon any trustee or any obligee holding or representing a specified amount in bonds,
or holding a lease, the right, in addition to all rights otherwise conferred, upon the
happening of an event of default as defined in such resolution or instrument, by suit or
other proceeding in the Superior Court: (a) To cause possession of any housing project
or any part thereof to be surrendered to any such obligee; (b) to obtain the appointment
of a receiver of any housing project of such authority or any part thereof and of the rents
and profits therefrom, and, if such receiver is appointed, he may enter and take possession
of such housing project or any part thereof and operate and maintain the same, and
collect and receive all fees, rents, revenues or other charges thereafter arising therefrom
and keep such moneys in a separate account or accounts and apply the same in accordance with the obligations of such authority as the court directs; and (c) to require such
authority and the commissioners thereof to account as if it and they were trustees of an
express trust.
(1949 Rev., S. 937.)