New York Laws
Sub Title 3 - Subtitle Iii Financial Assistance From Pollution Control Funds
1818 - Pollution Control Bonds and Notes.

(i) by mandamus or other suit, action or proceeding at law or in
equity enforce all rights of the pollution control bondholders or
noteholders, including any right to require the authority to collect
revenues adequate to carry out the provisions of any agreement with the
holders of such bonds or notes and to perform its duties under this
title;
(ii) bring suit upon such bonds or notes;
(iii) by action or suit in equity, require the authority to account as
if it were the trustee of an express trust for the holders of such bonds
or notes;
(iv) by action or suit in equity, enjoin any acts or things which may
be unlawful or in violation of the rights of the holders of such bonds
or notes;
(v) subject to the provisions of subdivision four of section eighteen
hundred five of this title, declare all such bonds or notes due and
payable, and if all defaults shall be made good, then, with the consent
of the holders of twenty-five per cent of the principal amount of such
bonds or notes then outstanding, to annul such declaration and its
consequences.

c. Such trustee shall, in addition to the foregoing, have and possess
all of the powers necessary or appropriate for the exercise of any
functions specifically set forth herein or incident to the general
representation of the pollution control bondholders or noteholders in
the enforcement and protection of their rights.
d. The supreme court shall have jurisdiction of any suit, action or
proceeding by the trustee on behalf of such bondholders or noteholders.
The venue of any such suit, action or proceeding shall be laid in the
county of Albany.

Structure New York Laws