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Colorado Revised Statutes Title 41. Aeronautics: Aircraft and Airports § 41-5-106. Rights of holders

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) Any holder of any issue of bonds or any holder of bonds, subject to any contractual limitations therein, and for the equal benefit and protection of all holders of bonds similarly situated, has the following rights and powers:

(a) By mandamus or other suit, action, or proceeding at law or in equity, to enforce his and other such holders' rights against the county and its governing body to require and compel such county or governing body to perform and carry out its duties and obligations under this article and its covenants and agreements with the bondholders; and

(b) By action or suit in equity, to require the county and the governing body thereof to account as if they were the trustee of an express trust.

(2) No right or remedy conferred by this article upon any holder of bonds is intended to be exclusive of any other right or remedy, but each such right or remedy is cumulative and in addition to every other right or remedy and may be exercised without exhausting and without regard to any other remedy conferred by this article or by any other law.

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Cite this article: FindLaw.com - Colorado Revised Statutes Title 41. Aeronautics: Aircraft and Airports § 41-5-106. Rights of holders - last updated January 01, 2025 | https://codes.findlaw.com/co/title-41-aeronautics-aircraft-and-airports/co-rev-st-sect-41-5-106/

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