Effective: October 1, 1953
Latest Legislation: House Bill 1 - 100th General Assembly
A metropolitan housing authority may by its resolution, trust indenture, mortgage, or other contract confer upon any bondholder or any trustee for a bondholder 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 of default as defined in such resolution or instrument, by suit, action, or proceeding in any court of competent jurisdiction to:
(A) Cause possession of any housing project or any part thereof to be surrendered to any such bondholder;
(B) Obtain the appointment of a receiver of any housing project of said authority or any part thereof and of the rents and profits therefrom, and if such receiver is appointed, he may enter and take possession of such housing project or any part thereof and operate and maintain the same, and collect and receive all fees, rents, revenues, or other charges thereafter arising therefrom, and shall keep such moneys in a separate account and apply the same in accordance with the obligations of said authority as the court directs;
(C) Require said authority and the members thereof to account as if it and they were the trustees of an express trust.
Structure Ohio Revised Code
Title 37 | Health-Safety-Morals
Chapter 3735 | Metropolitan Housing Authority
Section 3735.27 | Creating Metropolitan Housing Authority.
Section 3735.28 | Organization.
Section 3735.29 | Member or Employee Shall Not Have Any Interest in Property.
Section 3735.31 | Metropolitan Housing Authority - Powers and Duties.
Section 3735.311 | Felony Conviction Precludes or Terminates Employment.
Section 3735.32 | Acquisition of Real Property.
Section 3735.33 | Housing Authorities May Join or Cooperate With One Another.
Section 3735.34 | Exemption From Taxation - Audit.
Section 3735.35 | Payments to County Treasurer.
Section 3735.36 | Plans and Specifications - Advertisement for Bids - Award of Contract.
Section 3735.37 | Annual Report.
Section 3735.38 | Notes Executed by Authority Shall Not Be a Debt Against the County.
Section 3735.39 | Dissolution - Procedure.
Section 3735.40 | Housing Project Definitions.
Section 3735.41 | Rentals - Tenant Selection.
Section 3735.42 | Veteran Preference.
Section 3735.43 | Housing Authority May Provide Free Housing to Law Enforcement Officer.
Section 3735.44 | Planning, Zoning, and Sanitary Laws Applicable to Housing Projects.
Section 3735.45 | Bonds Issued by Housing Authority - Liability.
Section 3735.46 | Issuance of Bonds - Sale - Validity - Bonds Negotiable.
Section 3735.47 | Additional Powers of Authority Relative to Issuance of Bonds.
Section 3735.48 | Rights of Bondholders.
Section 3735.49 | Rights in Event of Default.
Section 3735.50 | Metropolitan Housing Authority Is a Political Subdivision.
Section 3735.51 | Housing Cooperation Law Definitions.
Section 3735.52 | Powers of Public Bodies.
Section 3735.53 | Contracts of Public Bodies.
Section 3735.54 | Loan or Donation of Money.
Section 3735.55 | Resolution Granting Powers to Public Bodies - Effective Immediately.
Section 3735.56 | Bodies Corporate and Politic.
Section 3735.57 | Investment of Funds in Authority - Public or Private Funds.
Section 3735.58 | Contracts for Sale of Land Not Needed by Certain Departments.
Section 3735.59 | Contracts for Furnishing Services to Tenants.
Section 3735.62 | Veterans Housing Corporations.
Section 3735.65 | Community Reinvestment Area Definitions.
Section 3735.66 | Resolution Describing Boundaries of Areas and Eligibility for Tax Exemption.
Section 3735.661 | Pre-1994 Community Reinvestment Area Term Extension.
Section 3735.67 | Applying for Exemption From Taxation.
Section 3735.671 | Written Agreement Where Commercial or Industrial Property Is to Be Exempted.
Section 3735.672 | Annual Report.
Section 3735.673 | Notice to Legislative Authority.
Section 3735.68 | Revoking Tax Exemption.
Section 3735.69 | Community Reinvestment Area Housing Council - Powers and Duties.