SECTIONS 50770-50771 - California Statutes

GOVERNMENT CODE

SECTION 50770-50771

50770. The holder of any bond issued pursuant to this chapter may
by mandamus or other appropriate proceeding, require and compel the
performance of any of the duties imposed upon the board or its
officers, agents or employees in connection with the acquisition,
construction, operation, maintenance, repair, reconstruction or
insurance of any project or the collection, deposit, investment,
application and disbursement of rates, charges, fees and all other
revenues derived from the operation and use of any project, or in
connection with the deposit, investment and disbursement of the
proceeds received from the sale of bonds. The enumeration of such
rights and remedies does not, however, exclude the exercise or
prosecution of any other rights or remedies available to the holders
of bonds issued pursuant to this chapter.

50771. While any revenue bonds issued by the board remain
outstanding, the powers and duties of the board shall not be
diminished or impaired in any manner that will adversely affect the
interest and rights of the holders of the bonds.