§ 9-40-27 — Enforcement by bondholders of statutory mortgage and requirements of chapter.

Any holder of bonds issued pursuant to this chapter or of any of the coupons may by proper proceeding protect and enforce the statutory mortgage lien conferred by § 9-40-25 and may enforce and compel performance of all duties required by this chapter, including the making and collecting of sufficient rates, the segregation of the income and revenue, and the proper application thereof.

Legislative History

SL 1931, ch 194, § 7; SDC 1939, § 45.2407.