Towns and cities
§ 45-33-13 Additional remedies conferrable
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
(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.
History of Section.
(P.L. 1956, ch. 3654, § 82; G.L. 1956, § 45-33-13.)