403A.16 - ADDITIONAL REMEDIES CONFERRABLE BY A MUNICIPALITY.

        403A.16  ADDITIONAL REMEDIES CONFERRABLE BY A      MUNICIPALITY.         A municipality shall have power by its resolution, trust      indenture, mortgage, lease or other contract to confer upon any      obligee 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 to:         1.  Cause possession of any housing project or any part thereof to      be surrendered to any such obligee.         2.  Obtain the appointment of a receiver of any housing project of      said municipality or any part thereof and of the rents and profits      therefrom, and provide that, if a receiver be appointed, the receiver      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 keep such moneys in a separate account or accounts and apply the      same in accordance with the obligations of the municipality as the      court shall direct.         3.  Require said municipality and the officers, agents and      employees thereof to account as if it and they were the trustees of      an express trust.  
         Section History: Early Form
         [C62, 66, 71, 73, 75, 77, 79, 81, § 403A.16]