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1971 - 08-16-71 Adj. Reg. Meeting
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1971 - 08-16-71 Adj. Reg. Meeting
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Minutes
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Board of Commissioners
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BOOK 7 PAGE589 <br />S. Upon any breach or violation of this agreement the Government may, at its option - - <br />(a) Terminate or refuse to render or continue financial assistance to Recipient or for the aid of the property, facility, <br />project, service, or activity. <br />(b) In case of a loan, accelerate the maturity of the indebtedness. <br />(c) Appoint a receiver, or have a receiver appointed, to take possession of and administer the aided facility or activity <br />in order to secure compliance with this agreement and the regulations. For this purpose Recipient hereby appoints <br />the Government its agent and attorney-in-fact with power, in event of such breach or violation, so to take possession <br />of and administer or to appoint such receiver. This appointment is coupled with an interest and shall be irrevocable <br />while the obligations of this agreement continue. <br />(d) Enforce this agreement by suit for specific performance or by any other available remedy under the laws of the <br />United States or the State in which the breach or violation occurs. <br />Rights and remedies provided for under this agreement shall be cumulative. <br />In witness whereof Recipient, on this, the date first above written, has caused this agreement to be executed by its duly <br />authorized officers and its seal affixed hereto, or, if a natural person, has hereunto set Recipient's hand and seal. <br />(SEAL) <br />Lee gquRty R ecipient <br />Attest: BY <br />K. R. Hoyle, Clerk (Title) Frank Wickert Chairman, B <br />Commissioners, Lee County <br />oard of (Y atte) <br />Recipient <br />R ecipient <br />i <br />CPO 01o-74a <br />.t <br />
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