§ 45-33-13. Additional remedies conferrable on obligees.
An agency has power, by its resolution, trust indenture, mortgage, lease, or other
contract, to confer upon any obligee holding or representing a specified amount in
bonds, the right (in addition to all rights that may otherwise be conferred), upon
the happening of an event or default as defined in the resolution or instrument, by
suit, action, or proceeding in any court of competent jurisdiction:
(1) To cause possession of any redevelopment project or any part of it to be surrendered
to the obligee.
(2) To o
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§ 45-33-13. Additional remedies conferrable on obligees.
An agency has power, by its resolution, trust indenture, mortgage, lease, or other
contract, to confer upon any obligee holding or representing a specified amount in
bonds, the right (in addition to all rights that may otherwise be conferred), upon
the happening of an event or default as defined in the resolution or instrument, by
suit, action, or proceeding in any court of competent jurisdiction:
(1) To cause possession of any redevelopment project or any part of it to be surrendered
to the obligee.
(2) To obtain the appointment of a receiver of any redevelopment project of the agency
or any part of it and of the rents and profits from it. If a receiver is appointed,
he or she may enter and take possession of the redevelopment project or any part of
it, and operate and maintain the redevelopment project, and collect and receive all
fees, rents, revenues, or other charges thereafter arising from it, and keep those
moneys in a separate account or accounts and apply the moneys in accordance with the
obligation of the agency as the court directs.
(3) To require the agency and its members and employees to account as if it and they were
the trustees of an express trust.