WILLIAM DONALD SCHAEFER, Governor Ch. 330

IN THIS ARTICLE, AS TO THE RENTS AND FEES TO BE CHARGED IN THE
OPERATION OF A HOUSING PROJECT OR PROJECTS, THE AMOUNT TO BE
RAISED EACH YEAR OR OTHER PERIOD OF TIME BY RENTS, FEES, AND
OTHER REVENUES, AND AS TO THE USE AND DISPOSITION TO BE MADE
THEREOF; TO CREATE OR TO AUTHORIZE THE CREATION OF SPECIAL
FUNDS FOR MONEYS HELD FOR CONSTRUCTION OR OPERATING COSTS,
DEBT SERVICE RESERVES, OR OTHER PURPOSES, AND TO COVENANT AS
TO THE USE AND DISPOSITION OF THE MONEYS HELD IN SUCH FUNDS;

(6) TO PRESCRIBE THE PROCEDURE, IF ANY, BY WHICH THE
TERMS OF ANY CONTRACTS WITH BONDHOLDERS MAY BE AMENDED OR
ABROGATED, THE AMOUNT OF BONDS THE HOLDERS OF WHICH MUST
CONSENT THERETO AND THE MANNER IN WHICH SUCH CONSENT MAY

BE GIVEN;

(7) 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;

(8) TO COVENANT AS TO THE RIGHTS, LIABILITIES, POWERS,
AND DUTIES ARISING UPON THE BREACH BY IT OF ANY COVENANT,
CONDITION, 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;

(9) 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, OPERATE, AND MANAGE ANY HOUSING PROJECT OR PART
THEREOF, AND TO COLLECT THE RENTS AND REVENUES ARISING
THEREFROM AND TO DISPOSE 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 THEREOF; 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 RELATING TO THE BONDS; AND

(10) 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 DIFFERENT CHARACTER; TO MAKE SUCH COVENANTS AND TO
DO ANY AND ALL SUCH ACTS AND THINGS AS MAY BE NECESSARY OR

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