(a) By mandamus, suit, action or proceeding in law or equity, all of which may be joined in one action, to compel the authority, and the its commissioners, officers, agents or employes thereof to perform each and every term, provision and covenant contained in any contract of the authority, and to require the carrying out of any or all covenants and agreements of the authority and the fulfillment of all duties imposed upon the authority by ss. 66.40 66.1201 to 66.404 66.1211.

(b) By suit, action or proceeding in equity to enjoin any unlawful acts or things which may be unlawful, or the violation of any of the rights of such the obligee of the authority.

(c) By suit, action or proceeding in any court of competent jurisdiction to cause possession of any housing project or any part thereof of a housing project to be surrendered to any obligee having the right to such possession pursuant to any contract of the authority.

(18) Additional remedies conferrable by mortgage or trust indenture. Any authority shall have power may by its trust indenture, mortgage, lease or other contract to confer upon any obligee holding or representing a specified amount in bonds, lease or other obligations, the right upon the happening of an "event of default" as defined in such the instrument:

(a) By suit, action or proceeding in any court of competent jurisdiction to obtain the appointment of a receiver of any housing project of the authority or any part or parts thereof of a housing project. Upon appointment, a receiver may enter and take possession of such the housing project or any part or parts thereof of the housing project and operate and maintain same it, and collect and receive all fees, rents, revenues or other charges thereafter arising therefrom in the same manner as the authority itself might do and. The receiver shall keep such the moneys in a separate account or accounts and apply the same moneys in accordance with the obligations of the authority as the a court shall direct directs.

(b) By suit, action or proceeding in any court of competent jurisdiction to require the authority and the its commissioners thereof to account as if it and they were the trustees of an express trust.

(19) Remedies cumulative. All the rights and remedies hereinabove conferred shall be cumulative and in this section are in addition to all other rights and remedies that may be conferred upon such an obligee of the authority by law or by any contract with the authority.

(20) Subordination of mortgage to agreement with government. The authority may agree in any mortgage made by it that such the mortgage shall be is subordinate to a contract for the supervision by a government of the operation and maintenance of the mortgaged property and the construction of improvements thereon; in such event, any purchaser or purchasers on the mortgaged property. A purchaser at a sale of the property of an authority pursuant to a foreclosure of such a mortgage or any other remedy in connection therewith with the foreclosure shall obtain title subject to such the contract.

(21) Contracts with federal government. In addition to the powers conferred upon the authority by other provisions of ss. 66.40 66.1201 to 66.404 66.1211, the authority is empowered to may borrow money or accept grants from the federal government for or in aid of any housing project which such that the authority is authorized to may undertake, to take over any land acquired by the federal government for the construction or operation of a housing project, to take over or lease or manage any housing project constructed or owned by the federal government, and to these ends, to enter into such any contracts, mortgages, trust indentures, leases or other agreements as that the federal government may require including agreements that the federal government shall have the right to may supervise and approve the construction, maintenance and operation of such the housing project. It is the purpose and intent of this section to authorize every council to do any and all things A council may take any action necessary to secure the financial aid and the cooperation of the federal government in the undertaking, construction, maintenance and operation of any housing project which the authority is empowered to may undertake.

(22) Tax exemption and payments in lieu of taxes. The property of an authority is declared to be public property used for essential public and governmental purposes and such the property and an authority shall be are exempt from all taxes of the state or any state public body; provided, however,, except that the city in which a project or projects are located may fix a sum to be paid annually in lieu of such taxes by the authority for the services, improvements or facilities furnished to such project or projects the property of the authority by such the city, but in no event shall such sum. The amount paid in lieu of taxes may not exceed the amount that would be levied as the annual tax of such the city upon such the project or projects.

(24) (a) When a housing authority has the approval of the council for any project authorized under sub. (9) (a) or (b), the authority shall complete and approve plans, specifications and conditions in connection therewith for carrying out such the project, and shall then advertise by publishing a class 2 notice, under ch. 985, for bids for all work which the authority must do by contract. The authority is not required to submit for bidding any contract in an amount of $25,000 or less, but if the estimated cost of the contract is between $10,000 and $25,000, the authority shall give a class 2 notice, under ch. 985, of the proposed work before the contract is entered into. A contract subject to bidding shall be awarded to the lowest qualified and competent bidder. Section 66.29 shall apply 66.0901 applies to such the bidding.

(b) (intro.) An authority may contract for the acquisition of a housing project without submitting the contract for bids as required by par. (a) if all of the following apply:

1. The contract provides for undertaking of the housing project on land not owned at the time of the contract by the authority except the contract may provide for undertaking of the housing project on land acquired and owned by a community development authority for the purpose of ss. 66.405 to 66.425, 66.43, 66.431 or 66.46 66.1105, 66.1301 to 66.1329, 66.1331 or 66.1333 if the community development authority is proceeding under this paragraph as provided by s. 66.4325 66.1335 (4);.

2. The contract provides for conveyance or lease of the project to the authority after completion of the project; and.

(25) (a) In any city or village the city council or village board by resolution or ordinance, or the electors by referendum under s. 9.20, may provide that require the authority shall to liquidate and dispose of a particular project or projects held and operated under ss. 66.40 66.1201 to 66.404 66.1211 or 66.43 66.1331.

(b) Whenever If liquidation and disposal of a project is provided for under par. (a) the housing authority or other designated agency shall sell such the project to the highest bidder after public advertisement, or transfer it to any state public body authorized by law to acquire such the project. No such project shall may be sold for less than its fair market value as determined by a board of 3 licensed appraisers appointed by the city council or village board.

(c) The arrangements for the liquidation and disposal of a project shall provide for the payment and retirement of all outstanding obligations in connection with the project, together with interest thereon on the obligations and any premiums prescribed for the redemption of any bonds, notes or other obligations before maturity.

(d) Any proceeds remaining after payment of such the obligations under par. (c) shall be distributed in accordance with the federal law applicable at the time of the liquidation and disposal of the project. If no federal law is applicable to the liquidation and disposal of the project all of such remaining proceeds shall be paid to the city or village.

(e) If the highest bid received is insufficient for the payment of all obligations set forth in par. (c) the project shall not be sold unless the city or village provides sufficient additional funds to discharge such the obligations.

(f) In order to carry out this subsection an authority or other designated agency shall exercise any option available to it for the payment and redemption of outstanding obligations set forth in par. (c) before maturity, if the city or village provides funds for such payment and redemption.

(h) The term In this subsection, "outstanding obligations" or "obligations" as used herein includes bonds, notes or evidences of indebtedness, as well as aids, grants, contributions or loans made by or received from any federal, state or local political government or agency.

(26) Dissolution of housing authority. Any housing authority may be dissolved upon adoption of an ordinance or resolution by the council or village board concerned declaring that the need therefor for the authority no longer exists, that all projects under such the authority's jurisdiction have been disposed of, that there are no outstanding obligations or contracts and that no further business remains to be transacted by such the authority.

66.1203 Housing authorities; operation not for profit. (1) It is declared to be the policy of this state that each housing authority shall manage and operate its housing projects in an efficient manner so as to enable it to fix the rentals for dwelling accommodations at the lowest possible rates consistent with its providing decent, safe and sanitary dwelling accommodations, and that no housing authority shall construct or operate any such project for profit, or as a source of revenue to the city.

(2) To this end an An authority shall fix the rentals for dwellings in its projects at no higher rates than it shall find to be finds necessary in order to produce revenues which (, together with all other available moneys, revenues, income and receipts of the authority from whatever sources derived), will be sufficient to accomplish all of the following:

(a) To pay Pay, as the same rentals become due, the principal and interest on the bonds of the authority; .

(b) To meet Meet the cost of, and to provide for, maintaining and operating the projects (, including the cost of any insurance), and the administrative expenses of the authority;.

(c) To create (Create, during not less than the 6 years immediately succeeding its issuance of any bonds), a reserve sufficient to meet the largest principal and interest payments which will be due on such the bonds in any one year thereafter after the creation of the reserve and to maintain such the reserve.