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<section article="ghs" article_name="Housing and Community Development" number="12-705" title_number="12" title_name="Provisions of Statewide Applicability" subtitle_number="7" subtitle_name="Bonds">
  <level label="a">
    <text>In addition to all other rights that a contract may confer on an obligee of an authority, subject only to binding contractual restrictions, the obligee may:</text>
    <level label="1">
      <text>by a writ of mandamus or a proceeding at law or in equity, compel the authority and the authority’s commissioners, officers, agents, or employees to perform each term, provision, and covenant contained in a contract of the authority with or for the benefit of the obligee;</text>
    </level>
    <level label="2">
      <text>require the carrying out of any covenant or agreement of the authority and the fulfillment of all duties imposed on the authority by this Division II; and</text>
    </level>
    <level label="3">
      <text>by a proceeding in equity, enjoin any unlawful act or thing or the violation of any right of the obligee.</text>
    </level>
  </level>
  <level label="b">
    <level label="1">
      <text>By resolution, trust indenture, mortgage, lease, or other contract, an authority may confer the right to take action under subsection (c) of this section if a default, as defined in the resolution or instrument, occurs.</text>
    </level>
    <level label="2">
      <text>The right may be conferred on an obligee that:</text>
      <level label="i">
        <text>holds or represents a specified amount in bonds or notes; or</text>
      </level>
      <level label="ii">
        <text>holds a mortgage, deed of trust, security instrument, or lease.</text>
      </level>
    </level>
  </level>
  <level label="c">
    <level label="1">
      <text>An obligee that has the right under subsection (b) of this section to take action under this subsection may, by a proceeding in a court of competent jurisdiction:</text>
      <level label="i">
        <text>have possession of all or part of a housing project surrendered to any such obligee;</text>
      </level>
      <level label="ii">
        <text>require the authority and its commissioners to account as if the authority and its commissioners were trustees of an express trust; and</text>
      </level>
      <level label="iii">
        <text>have a receiver appointed for all or part of a housing project and its rents and profits.</text>
      </level>
    </level>
    <level label="2">
      <text>If a receiver is appointed, the receiver may:</text>
      <level label="i">
        <text>enter and take possession of the housing project or any part of the housing project;</text>
      </level>
      <level label="ii">
        <text>operate and maintain it; and</text>
      </level>
      <level label="iii">
        <text>collect and receive all fees, rents, revenues, or other charges thereafter arising from it.</text>
      </level>
    </level>
    <level label="3">
      <text>The receiver shall keep the money in a separate account or accounts and apply the money in accordance with the obligations of the authority as the court directs.</text>
    </level>
  </level>
</section>
