Nevada § 539.6385 - Rights and powers of holders of bonds

§ 539.6385. Rights and powers of holders of bonds

Subject to any contractual limitations binding upon the holders of any issue or series

of bonds, or trustee therefor, including the restriction of the exercise of any remedy

to a specified proportion, percentage or number of those holders, and subject to any

prior or superior rights of others, any holder of bonds, or trustee therefor, has

the right and power, for the equal benefit and protection of all holders of bonds

similarly situated: 1. By mandamus or other suit, action or proceeding at law or in equity to enforce

his or her rights against the district, the board and any other officers, agents and

employees of the district, to require and compel the district, the board or any such

officers, agents or employees to perform and carry out their respective duties, obligations

or other commitments under this chapter and their respective covenants and agreements

with the holder of any bonds; 2. By action or suit in equity to require the district to account as if it is the

trustee of an express trust; 3. By action or suit in equity to have appointed a receiver, who may enter and take

possession of the project and other facilities and any pledged revenues for the payment

of the bonds, prescribe sufficient fees derived from the project and other facilities,

and collect, receive and apply all pledged revenues or other money pledged for the

payment of the bonds in the same manner as the district might do in accordance with

the obligations of the district; and 4. By action or suit in equity to enjoin any acts or things which may be unlawful

or in violation of the rights of the holder of any bonds and to bring suit thereupon.