§ 116-41.8. Rights and remedies of bondholders.

136 words·~1 min read·/nc/chapter-116/116-41-8

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

Any holder of revenue bonds issued under the provisions of this Part or of any of the coupons appertaining thereto, except to the extent that the rights herein given may be restricted by the resolution authorizing the issuance of such bonds, may, either at law or in equity, by suit, action, mandamus or other proceeding, protect and enforce any and all rights under the laws of the State of North Carolina, including this Part, or under such resolution, and may enforce and compel the performance of all duties required by this Part or by such resolution to be performed by the University or by any officer thereof or the Board, including the fixing, charging and collecting of service charges.

(1961, c. 1078, s. 8; 1971, c. 1244, s. 15.)