§ 162A-12. Bondholder's remedies. - North Carolina Statutes

§ 162A‑12. Bondholder's remedies.

Any holder of revenue bonds issued under the provisions of this Articleor of any of the coupons appertaining thereto, and the trustee under any trustagreement, except to the extent the rights herein given may be restricted bythe resolution authorizing the issuance of such bonds or such trust agreement,may, either at law or in equity, by suit, action, mandamus or other proceeding,protect and enforce any and all rights under the laws of the State or grantedhereunder or under such resolution or trust agreement, and may enforce andcompel the performance of all duties required by this Article or by suchresolution or trust agreement to be performed by the authority or by anyofficer thereof, including the fixing, charging and collecting of rates, feesand charges for the use of or for the services and facilities furnished by awater system or sewer system. (1955, c. 1195, s. 11; 1971, c. 892, s. 1.)