HARRY W. NICE, GOVERNOR. 1245

reserves, or other purposes, and to covenant as to the use and
disposition of the moneys held in such funds.

(f) To prescribe the procedure, if any, by which the terms
of any contracts with bond holders may be amended or abro-
gated, the amount of bonds the holders of which must consent
thereto and the manner in which such consent may be given.

(g) To covenant as to the use of any or all of its real or
personal property, the replacement thereof, the insurance to
be carried thereon and the use and disposition of insurance
moneys.

(h) To covenant as to the rights, liabilities, powers and
duties arising upon the breach by it of any covenant, condi-
tion, or obligation; and to covenant and prescribe as to events
of default and terms and conditions upon which any or all of
its bonds or obligations shall become or may be declared due
before maturity, and as to the terms and conditions upon
which such declaration and its consequences may be waived.

(f) To vest in a trustee or trustees or the holders of bonds
or any proportion of them the right to enforce the payment
of the bonds or any covenants securing or relating to the
bonds; to vest in a trustee or trustees the right, in the event
of a default by said authority, to take possession and use, oper-
ate and manage any housing project or part thereof, and to
collect the rents and revenues arising therefrom and to dis-
pose of such moneys in accordance with the agreement of the
authority with said trustee; to provide for the powers and
duties of a trustee or trustees and to limit the liabilities there-
of; and to provide the terms and conditions upon which the
trustee or trustees or the holders of bonds or any proportion
of them may enforce any covenant or rights securing or relat-
ing to the bonds.

(j) To exercise all or any part or combination of the powers
herein granted; to make covenants other than and in addition
to the covenants herein expressly authorized, of like or differ-
ent character; to make such covenants and to do any and all
such acts and things as may be necessary or convenient or de-
sirable in order to secure its bonds, or, in the absolute discre-
tion of said authority, as will tend to make the bonds more
marketable notwithstanding that such covenants, acts or
things may not be enumerated herein.

17. An obligee of an authority shall have the right in addi-
tion to all other rights which may be conferred on such obligee,
subject only to any contractual restrictions binding upon such
obligee:

(a) By mandamus, suit, action or proceeding at law or in
equity to compel said authority and the commissioners, offi-
cers, agents or employees thereof to perform each and every
term, provision and covenant contained in any contract of