An authority has the power by its trust indenture, mortgage, lease or other contract to confer upon any obligee holding or representing a specified amount in bonds, leases or other obligations, the right upon the happening of an “event of default” as defined in such instrument, by suit, action or proceeding in any court of competent jurisdiction, to:
Structure 2021 Tennessee Code
Title 13 - Public Planning and Housing
Chapter 20 - Housing Authorities Law
Part 6 - Bonds and Finances of Housing Authorities
§ 13-20-603. Trust Indentures and Mortgages — Power of Authority to Issue or Incur Obligation
§ 13-20-604. Power to Mortgage When Project Financed With Aid of Government
§ 13-20-605. Remedies of an Obligee of Authority
§ 13-20-606. Remedies Conferrable Upon Authority by Mortgage or Trust Indenture
§ 13-20-607. Remedies and Rights Cumulative
§ 13-20-609. Subordination of Mortgage to Agreement With Government
§ 13-20-610. Contracts With Federal Government
§ 13-20-611. Agreement to Sell as Security for Obligations to Federal Government
§ 13-20-613. Investment by Municipality in Bonds of Authority