Sec. 66.319. 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 1985, 69th Leg., ch. 734, Sec. 1, eff. Sept. 1, 1985.
Structure Texas Statutes
Title 4 - General Law Districts
Chapter 66 - Stormwater Control Districts
Subchapter E. General Fiscal Provisions
Section 66.310. Issuance of Bonds
Section 66.311. Manner of Repayment of Bonds
Section 66.314. Provisions of Bonds
Section 66.315. Approval by Attorney General; Registration by Comptroller
Section 66.316. Refunding Bonds
Section 66.317. Bonds as Investments
Section 66.318. Bonds as Security for Deposits
Section 66.319. Mandamus by Bondholders
Section 66.320. Application of Other Laws
Section 66.321. Tax Status of Bonds