Section 1590.18 - Additional remedies conferrable by AuthorityAn Authority shall have power by its resolution, trust indenture, mortgage, lease or other contract to confer upon any obligees, holding or representing a specified percentage in bonds, or holding a lease, 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:
(a) To obtain the appointment of a receiver of any real property of the Authority and of the rents and profits therefrom. If such receiver be appointed, he may enter and take possession of such real property, operate the same and collect and receive all revenues or other income thereafter arising therefrom and shall keep such moneys in a separate account and apply the same in accordance with the obligations of the Authority, as the court shall direct.(b) To require the Authority and the members thereof to account as if it and they were the trustees of an express trust.1947, July 7, P.L. 1414, § 18.