Texas Water Code - Section 54.518. Mandamus By Bondholders
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Texas Laws > Water Code > Texas Water Code - Section 54.518. Mandamus By Bondholders
§ 54.518. MANDAMUS BY BONDHOLDERS. In addition to all
other rights and remedies provided by the laws of the state, in the
event the district defaults in the payment of principal, interest,
or redemption price on its bonds when due, or in the event it fails
to make payments into any fund or funds created in the order or
resolution authorizing the issuance of the bonds, or defaults in
the observation or performance of any other covenants, conditions,
or obligations set forth in the resolution or order authorizing the
issuance of its bonds, the owners of any of the bonds shall be
entitled to a writ of mandamus issued by a court of competent
jurisdiction compelling and requiring the district and its
officials to observe and perform the covenants, obligations, or
conditions prescribed in the order or resolution authorizing the
issuance of the district's bonds.
Added by Acts 1971, 62nd Leg., p. 799, ch. 84, § 1.
Section: 54.504 54.505 54.507 54.510 54.512 54.514 54.5161 54.518 54.520 54.521 54.522 54.601 54.602 54.603 54.604
Last modified: August 11, 2007
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