§ 46-53. Default by authority.

Latest version.

Nothing in this article shall be construed as limiting the power of the authority to vest in:
(1)

An obligee the right, in the event of default by the authority, to take possession of a housing project or cause the appointment of a receiver thereof, free from all the restrictions imposed by this article with respect to rentals, tenant selection, manner of operation or otherwise;

(2)

Obligees, pursuant to section 46-64, the right, in the event of default by the authority, to acquire title to a housing project or the property mortgaged by the housing authority, free from all the restrictions imposed by this article except those imposed by sections 46-64 and 46-68.

(Code 1981, § 14-22; Ord. No. 1248, § 8(2), 6-16-1975)

State law reference

Similar provisions, C.R.S. § 29-4-210(2).

                    
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