Section 36
Section 36 and Section 37, respectively, which shall read as follows: "SECTION 36. Authority for Subsequent Borrowings.—Where a water district has borrowed money from the Administration, the district shall not borrow money or incur further obligations from other sources without the prior written consent of the Administration. "SECTION 37. Default.—In the event of the default by the district in the payment of principal or interest on its outstanding bonds or other obligations, any bondholder or creditor shall have the right to bring an action before the appropriate court to compel the payment of such obligation. If the bondholder or creditor concerned is the Administration, it may, without the necessity of judicial process, take over and operate the entire facilities, systems or properties of the district. For this purpose, the Administration may designate its employees or any person or organization to assume all powers of policy-decision and the powers of management and administration, including but not limited to the establishment of water rates and charges, the dismissal and hiring of personnel, the purchase of supplies, equipment and materials and such other actions as may be necessary to operate the utility efficiently."