(a) By suit, action or special proceeding enforce all  rights  of  the
bondholders,  including  the  right to require the Planetarium Authority
and the board to collect  admission  fees  adequate  to  carry  out  any
agreement  as  to, or pledge of, such admission fees, and to require the
Planetarium Authority and the board to carry out  any  other  agreements
with  the  bondholders  and  to  perform its and their duties under this
title;
  (b) Bring suit upon the bonds;
  (c) By action or suit in equity, require the authority to  account  as
if it were the trustee of an express trust for the bondholders;
  (d)  By  action or suit in equity, enjoin any acts or things which may
be unlawful or in violation of the rights of the bondholders;
  (e) Declare all bonds due and payable, and if all  defaults  shall  be
made  good annul, upon the written consent of the holders of twenty-five
percentum in principal  amount  of  the  bonds  then  outstanding,  such
declaration and its consequences.
  3.  The  supreme  court shall have jurisdiction of any suit, action or
proceeding by the trustee on behalf of the bondholders. The venue of any
such suit, action or proceeding shall be laid in New York county.
  4. Before declaring the principal of all bonds  due  and  payable  the
trustee  shall  first  give  thirty  days'  notice  in  writing  to  the
Planetarium Authority.
  5. Any such trustee, whether or not all bonds have been  declared  due
and  payable,  shall  be  entitled  as  of right to the appointment of a
receiver who may enter and take possession of  the  planetarium  or  any
part  or parts thereof and operate and maintain the same and collect and
receive  all  admission  fees  and  other  revenues  thereafter  arising
therefrom  in  the same manner as the Planetarium Authority itself might
do and shall deposit all such moneys in a separate account and apply the
same in such manner as the court shall direct. In any  suit,  action  or
proceeding  by  the  trustee  the fees, counsel fees and expenses of the
trustee  and  of  the  receiver,  if  any,  shall   constitute   taxable
disbursements and all costs and disbursements allowed by the court shall
be  a first charge on any admission fees and other revenues derived from
the planetarium.
  6. 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 bondholders in the enforcement and protection of
their rights.
Structure New York Laws
ACA - Arts and Cultural Affairs
Title V - American Museum of Natural History Planetarium Authority
Article 59 - American Museum of Natural History Planetarium Authority
59.05 - The American Museum of Natural History Planetarium Authority.
59.07 - Powers of the Planetarium Authority.
59.11 - Moneys of the Planetarium Authority.
59.13 - Bonds of the Planetarium Authority.
59.15 - State and City Not Liable on Bonds.
59.17 - Bonds Legal Investments for Fiduciaries.
59.19 - Bonds to Be Tax Exempt.
59.21 - Remedies of Bondholders.
59.23 - Members of the Board of the Planetarium Authority and Employees Not to Profit.