§ 483A.56 — Rights of bondholders

Iowa § 483A.56

• Jurisdiction: Iowa
• Title XI: NATURAL RESOURCES
• Ch. 483A: FISHING AND HUNTING LICENSES, CONTRABAND, AND GUNS

Text

The bond proceedings may provide that a holder of bonds or a trustee under the bond
proceedings, except to the extent that the holder’s rights are restricted by the bond
§483A.56, FISHING AND HUNTING LICENSES, CONTRABAND, AND GUNS 32
proceedings, may by legal proceedings, protect and enforce any rights under the laws of
this state or granted by the bond proceedings. These rights include the right to compel
the performance of all duties of the commission required by this subchapter or the bond
proceedings; to enjoin unlawful activities; and in the event of default with respect to the
payment of any principal of or interest on bonds or in the performance of a covenant or
agreement on the part of the commission in bond proceedings, to apply to a court to appoint
a receiver to receive and administer the funds which are pledged to the payment of bonds or
which are the subject of the covenant or agreement, with full power to pay and to provide
for payment of any principal of or interest on bonds and with powers accorded receivers in
general equity cases, excluding power to pledge additional funds or other income or moneys
of the commission, the state, or governmental agencies of the state to the payment of the
bonds.