§ 29-4-119 — Limitations on remedies of obligee

Colorado § 29-4-119

• Jurisdiction: Colorado
• Title 29: Government
• Art.: Housing

Text

No interest of the city in any
housing project shall be subject to sale by the foreclosure of a mortgage thereon
either through judicial proceedings or the exercise of a power of sale contained in
such mortgage except in the case of mortgages not provided for in section 29-4-115. No judgment against a city shall be a charge upon the real or personal property
of the city. The provisions of this section shall not apply to nor limit the rights of
obligees to foreclose any of the mortgages of the city provided for in section 29-4-115, or to enforce any pledges or rights conferred by any contract, trust indenture,
mortgage, lease, or other agreement of the city relating to a housing project by any
appropriate suit, action, or proceeding.

Legislative History

Source: L. 35: p. 520, � 20. CSA: C. 82, � 23. CRS 53: � 69-2-19. C.R.S. 1963: � 69-2-19.