In the event that any improvements which may be required have not been installed as provided in this Chapter or in accordance with the approved final plan, the Board of Township Supervisors shall have the power to enforce any corporate bond, or other security by appropriate legal and equitable remedies. If proceeds of such bond, or other security are insufficient to pay the cost of, installing or making repairs or corrections to all the improvements covered by said security the Board of Township Supervisors may, at its option, install part of such improvements in all or part of the subdivision or land development and may institute appropriate legal or equitable action to recover the moneys necessary to complete the remainder of the improvements. All of the proceeds, whether resulting from the security or from any legal or equitable action brought against the developer or both, shall be used solely for the installation of the improve ments covered by such security, and not for any other Township purpose.
(Ord. 2011-05, 3/14/2011, § 1205)