An obligee of a rural development authority shall have the right, in addition to all other rights which may be conferred upon the obligee, subject only to any contractual restrictions binding upon the obligee, by:
(1) Mandamus, suit, action, or proceeding, at law or in equity, to compel the authority, and the commissioners, officers, agents, or employees of it, to perform each and every term, provision, and covenant contained in any contract of the authority with or for the benefit of the obligee, and to require the carrying out of any or all such covenants and agreements of the authority and the fulfillment of all duties imposed upon the authority by this chapter; or
(2) Suit, action, or proceeding in equity, to enjoin any acts or things which may be unlawful, or the violation of any of the rights of the obligee of the authority.
Structure Arkansas Code
Subtitle 11 - Economic Development Improvement Districts, Facilities, And Authorities
Chapter 188 - Rural Development Authorities
§ 14-188-102. Legislative declarations
§ 14-188-104. Creation of authorities
§ 14-188-105. Appointment of commissioners, etc
§ 14-188-106. Rules and regulations
§ 14-188-107. Interest of commissioners or employees prohibited
§ 14-188-108. Removal of commissioner
§ 14-188-109. Powers of authority generally
§ 14-188-110. Issuance of bonds and other evidence of indebtedness
§ 14-188-111. Powers in connection with issuance of bonds, etc
§ 14-188-112. Form and sale of bonds, etc
§ 14-188-113. Validation of indebtedness
§ 14-188-114. Remedies of obligees
§ 14-188-115. Additional remedies conferrable on obligees
§ 14-188-116. Exemption from lien and execution sale
§ 14-188-117. Exemption from taxes or assessments
§ 14-188-118. Security for deposits
§ 14-188-119. Cooperation by authorities
§ 14-188-120. Aid and cooperation by state public bodies