§ 41-5-106 — Rights of holders

Colorado § 41-5-106

• Jurisdiction: Colorado
• Title 41: Aeronautics:
• Art.: Airport Revenue Bonds - County

Text

(1) Any holder of any issue of bonds or any
holder of bonds, subject to any contractual limitations therein, and for the equal
benefit and protection of all holders of bonds similarly situated, has the following
rights and powers:

(a) By mandamus or other suit, action, or proceeding at law or in equity, to
enforce his and other such holders' rights against the county and its governing
body to require and compel such county or governing body to perform and carry out
its duties and obligations under this article and its covenants and agreements with
the bondholders; and

(b) By action or suit in equity, to require the county and the governing body
thereof to account as if they were the trustee of an express trust.

(2) No right or remedy conferred by this article upon any holder of bonds is
intended to be exclusive of any other right or remedy, but each such right or
remedy is cumulative and in addition to every other right or remedy and may be
exercised without exhausting and without regard to any other remedy conferred by
this article or by any other law.

Legislative History

Source: L. 65: p. 470, � 1. C.R.S. 1963: � 36-21-6.