(a) by action or proceeding in accordance with the civil practice law
and rules, enforce all rights of the bondholders and require the
authority to carry out any other agreements with the holders of such
bonds and to perform its duties under this title;
(b) bring an action or proceeding upon such bonds;
(c) by action or proceeding, require the authority to account as if it
were the trustee of an express trust for the holder of such bonds; and
(d) by action or proceeding, enjoin any acts or things which may be
unlawful or in violation of the rights of the holders of such bonds.
3. Such trustee shall, in addition to the provisions of subdivisions
one and two of this section, have and possess all of the powers
necessary or appropriate for the exercise of any functions specifically
set forth in this section or incident to the general representation of
bondholders in the enforcement and protection of their rights.
4. The supreme court shall have jurisdiction of any action or
proceeding by the trustee on behalf of such bondholders.
Structure New York Laws
Article 10-D - Miscellaneous Authorities
Title 1 - Nassau County Interim Finance Authority
3652 - Nassau County Interim Finance Authority.
3653 - Administration of the Authority.
3654 - General Powers of the Authority.
3656 - Bonds of the Authority.
3657 - Resources of the Authority.
3658 - Agreement With the State.
3659 - Agreement With the County.
3660 - Bonds Legal for Investment and Deposit.
3661 - Tax Exemption and Tax Contract by the State.
3662 - Actions Against the Authority.
3664 - Remedies of Bondholders.
3665 - Assistance to the Authority; Employees of the Authority.
3666 - 2000 Fiscal Year Budget Modification.
3667 - County Financial Plans.
3670 - Miscellaneous Provisions.