15.2-5418 - Bondholders' and trustees' remedies. - Virginia Statutes

§ 15.2-5418. Bondholders' and trustees' remedies.

Any holder of bonds issued under the provisions of this chapter or any of thecoupons appertaining thereto, and the trustee under any trust agreement,except to the extent the rights herein given may be restricted by such trustagreement or the resolution authorizing the issuance of such bonds, 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 Commonwealth orgranted hereunder, or, to the extent permitted by law, under such trustagreement or resolution authorizing the issuance of such bonds or under anyagreement or other contract executed by the authority pursuant to thischapter, and may enforce and compel the performance of all duties required bythis chapter or by such trust agreement or resolution to be performed by anyauthority or by any officer thereof, including the fixing, charging andcollecting of rents, rates, fees and charges for the purchase of output orcapacity of any project or for the use of or for the electric power andenergy or services furnished by any project.

(1979, c. 416, § 15.1-1621; 1997, c. 587.)