Sec. 325.089. MANDAMUS BY BONDHOLDERS. In addition to all other rights and remedies provided by law, if the district defaults in the payment of principal, interest, or redemption price on its bonds when due or if it fails to make payments into any fund or funds created in the orders or resolutions authorizing the issuance of the bonds or defaults in the observation or performance of any other covenants, conditions, or obligations set forth in the orders or resolutions authorizing the issuance of its bonds, the owners of any of the bonds are entitled to a writ of mandamus issued by a court of competent jurisdiction compelling and requiring the district and its officials to observe and perform the covenants, obligations, or conditions prescribed in the orders or resolutions authorizing the issuance of the district's bonds.
Added by Acts 1989, 71st Leg., ch. 437, Sec. 1, eff. Aug. 28, 1989.
Structure Texas Statutes
Title 10 - Parks and Other Recreational and Cultural Resources
Subtitle B - County Parks and Other Recreational and Cultural Resources
Chapter 325 - Sports Facility District Established by County
Section 325.081. Issuance of Bonds
Section 325.082. Manner of Repayment of Bonds
Section 325.083. Form of Bonds
Section 325.084. Provisions of Bonds
Section 325.085. Approval by Attorney General; Registration by Comptroller
Section 325.086. Bonds as Investments
Section 325.087. Bonds as Security for Deposits
Section 325.088. Tax Status of Bonds