32:11D-82 - Remedies - New Jersey Statutes

32:11D-82.  Remedies    The holder of any bond may for the equal benefit and protection of all holders of bonds similarly situated:  (a) by mandamus or other appropriate proceedings require and compel the performance of any of the duties imposed upon the commission or assumed by it, its officers, agents or employees under the provisions of any indenture, in connection with the acquisition, construction, operation, maintenance, repair, reconstruction or insurance of the facilities, or in connection with the collection, deposit, investment, application and disbursement of the rates, rents, tolls, fees, charges and other revenues derived from the operation and use of the facilities, or in connection with the deposit, investment and disbursement of the proceeds received from the sale of bonds;  or (b) by action or suit in a court of competent jurisdiction of any signatory party require the commission to account  as if it were the trustee of an express trust, or enjoin any acts or things  which may be unlawful or in violation of the rights of the holders of the  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.

     L.1961, c. 13, p. 74, s. 12.19.