65-23-120 - Rights and remedies of bondholders. - Tennessee Statutes

65-23-120. Rights and remedies of bondholders.

In addition to all other rights and all other remedies, any holders of bonds of the authority, including a trustee for bondholders, shall have the right by mandamus or other suit, action or proceeding at law or in equity, to enforce such holders' or trustee's rights against the authority and the board of the authority, including the right to require the authority and such board to fix and collect rates and charges adequate to carry out any agreement as to, or pledge of, the revenues produced by such rates or charges, and to require the authority and such board to carry out any other covenants and agreements with such bondholders and to perform their duties under this chapter.

[Acts 1935 (E.S.), ch. 3, § 20; C. Supp. 1950, § 3708.44 (Williams, § 3708.45); T.C.A. (orig. ed.), § 65-2320.]