Indiana Code 8-5-15-14. Actions by bondholders or trustee; protection and enforcement of rights; enforcement and compelling performance of duties under chapter
Current as of: 2024 | Check for updates
|
Other versions
Sec. 14. Any holder of bonds issued under this chapter and the trustee under any trust agreement, except to the extent the rights granted by this chapter may be restricted by the authorizing resolution or trust agreement, may, either at law or in equity, by suit, action, mandamus, or other proceedings:
(2) enforce and compel the performance of all duties required by this chapter or by the trust agreement or resolution to be performed by the board or by any officer thereof, including the fixing, charging, and collecting of fees, tolls, rentals, or other charges for the use of the railroad or railroad project.
(1) protect and enforce all rights under Indiana law or granted under this chapter or under the trust agreement, or the resolution authorizing the issuance of the bonds; and
Terms Used In Indiana Code 8-5-15-14
- Board: means the board of trustees of the commuter transportation district. See Indiana Code 8-5-15-1
- railroad project: includes any facilities, adjuncts, and appurtenances necessary to operate a railroad, such as lines, routes, roads, rights-of-way, easements, licenses, permits, tangible personal property, and real property. See Indiana Code 8-5-15-1
- Trustee: A person or institution holding and administering property in trust.
As added by P.L.64-1984, SEC.10.