§ 403A.16 — Additional remedies conferrable by a municipality

Iowa § 403A.16

• Jurisdiction: Iowa
• Title IX: LOCAL GOVERNMENT
• Ch. 403A: MUNICIPAL HOUSING PROJECTS

Text

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.

Legislative History

[C62, 66, 71, 73, 75, 77, 79, 81, §403A.16]