96.710 Remedies of holders of bonds.

153 words·~1 min read·/ky/chapter-96/96-710

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Any holder or holders of bonds issued pursuant to KRS 96.550 to 96.900, including a trustee or trustees for holders of such bonds, shall have the right, in addition to all other rights:

(1)By action in court, to enforce his or their rights against the board, and any other

proper officer, agent or employee, including, but without limitation, the right to

require the board, and any proper officer, agent or employee thereof, to fix and

collect rates and charges adequate to carry out any agreement as to, or pledge of,

electric plant revenues, and to require the board and any officer, agent or employee

thereof to carry out any other covenants and agreements and to perform its and their

duties under KRS 96.550 to 96.900; and

(2)By action in equity to enjoin any act or thing which may be unlawful or a violation

of the rights of such holder of bonds.