New York Laws
Article 2-D - Utica Transit Authority
62 - Remedies Against the Utica Transit Authority.

(a) bring suit upon the bonds of the Utica transit authority;
(b) by suit, action or special proceeding at law or in equity enforce
all rights of the bondholders, including the right to require the Utica
transit authority to collect revenues, rates, fares, fees, rentals and
other charges adequate to carry out any agreement as to, or pledge of,
such revenues, rates, fares, fees, rentals and other charges, and to
require the authority to carry out any other agreement with the
bondholders and to perform its duties under this article;
(c) by suit, action or special proceeding at law or in equity compel
the authority to perform each and every term, provision and covenant

contained in any agreement of the authority with an obligee, trustee,
mortgagee or lessor and require the performance of any or all such
covenants and agreements of the Utica transit authority and of the
duties imposed upon such authority by this article;
(d) by action or suit, enjoin any acts or things which may be unlawful
or in violation of the rights of such obligee, trustee, mortgagee, or
lessor;
(e) by suit, action or proceeding in any court of competent
jurisdiction compel possession of any project or any part thereof to be
surrendered to such obligee, trustee, mortgagee, or lessor having the
right to such possession under any agreement with the authority;
(f) by suit, action or proceeding in any court of competent
jurisdiction obtain the appointment of a receiver of any municipal
project of the mass transportation authority or any part thereof and of
the rents and profits therefrom. If such receiver be appointed, he may
enter and take possession of such project or any part or parts thereof
and operate and maintain the same, and collect and receive all fees,
rates, fares, rents, revenues, or other charges thereafter arising
therefrom in the same manner as the Utica transit authority itself might
do, and shall keep such moneys in a separate account or accounts and
apply the same in accordance with the obligations of the authority as
the court shall direct;
(g) by action or suit require the Utica transit authority to account
as if it were the trustee of an express trust.
4. The supreme court of the state shall have jurisdiction of a suit,
action or proceeding by a trustee on behalf of the bondholders. The
venue of the suit, action or proceeding shall be laid in the county in
which the principal office of the Utica transit authority is situated.
5. In a suit, action or proceeding by a trustee for the bond holders,
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 courts shall be a first charge on revenues,
rates, fares, fees, rentals and other charges derived from the municipal
project.