Sec. 21.407. MANDAMUS BY BONDHOLDERS. A holder of a district bond is entitled, in addition to any other right or remedy provided by law, to a writ of mandamus requiring the district and its officials to observe and perform any covenant, condition, or obligation provided by the order or resolution authorizing issuance of the bond that the district fails to observe or perform, including:
(1) a default in the payment of principal, interest, or redemption price on the bond when due; and
(2) a failure to make payment into any fund created in the order or resolution.
Added by Acts 2007, 80th Leg., R.S., Ch. 920 (H.B. 3166), Sec. 1.01, eff. April 1, 2009.
Structure Texas Statutes
Special District Local Laws Code
Title 2 - Environment and Sanitation
Subtitle A - Solid Waste Management
Chapter 21 - Upper Sabine Valley Solid Waste Management District
Section 21.401. Authority to Issue Bonds
Section 21.404. Maturity of Bonds
Section 21.406. Bond Provisions
Section 21.407. Mandamus by Bondholders