65-23-5 - Enforcement of payment of bonds. - Mississippi Statutes

§ 65-23-5. Enforcement of payment of bonds.
 

The holders of any bond or interest coupon issued under the provisions of this article may by suit, action, mandamus, or other proceedings at law or in equity enforce or compel performance by the appropriate official or officials of a municipality or public body of any and all acts and duties to be performed by such public body under the provisions of this article and the ordinance authorizing the issuance of such bonds and interest coupons. If there be any default in the payment of the interest and principal of any of said bonds, any court having jurisdiction in the proper action may, upon petition of the holder of any such bond, appoint a receiver to administer and operate the bridge, with power to fix rates and collect charges sufficient to provide for the payment of all bonds outstanding to the payment of which the revenue of such bridge is pledged, to pay the expenses of operating and maintaining such toll bridge, and to apply the revenues of such toll bridge in conformity with the provisions of this article and the ordinance authorizing the issuance of such bonds. 
 

Sources: Codes, 1942, § 8437; Laws,  1935, ch. 44.