Alabama Statutes

§ 11-50-410 — Rights and Remedies of Bondholders and Trustees

Alabama·Title 11 Counties and Municipal Corporations·Ch. 50 Public Utilities·Art. 12 Gas Districts

In addition to all other rights and all other remedies, any holder or holders of any bond or bonds of any district incorporated under this article, including a trustee for a bondholder, shall have the right, subject to any contractual limitation binding upon such bondholder or holders or trustee and subject to the prior or superior rights of others:

(1)To bring an action on the bonds;
(2)To enforce its rights against the district and the board of directors, by mandamus or other civil action or proceeding, including the right to require the district and such board to fix and collect rates and charges adequate to carry out any agreement as to or pledge of the revenues produced by such rates or charges and to require such district and such board to carry out the other covenants and agreemen

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Legislative History

(Acts 1951, No. 762, p. 1319, §13.)

Nearby Sections

15
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