469.024 POWER OF AUTHORITY.
Nothing contained in sections
469.016 to
469.024 shall be construed as limiting the power
of an authority (1) with respect to a housing project to vest in an obligee the right, in the event
of a default by the authority, to take possession or cause the appointment of a receiver of the
project, free from the restrictions imposed by this section or section
469.023; or (2) with respect
to a redevelopment project, in the event of a default by a purchaser or lessee of land, to acquire
property and operate it free from such restrictions.
History: 1987 c 291 s 24