Title 52, Chapter 2, Section 26
( 52-2-26)
Any holder of revenue bonds issued under this chapter or any of the
coupons appertaining thereto and the trustee under the trust
indenture, if any, except to the extent the rights given in this
chapter may be restricted by resolution passed before the issuance
of the bonds or by the trust indenture, may, either at law or in
equity, by suit, action, mandamus, or other proceedings, protect and
enforce any and all rights granted under the laws of this state,
granted under this chapter, or granted under such resolution or
trust indenture, and may enforce and compel performance of all
duties required by this chapter or by such resolution or trust
indenture to be performed by the authority, or any officer thereof,
including the fixing, charging, and collecting of revenues and other
charges for the use of the project or projects; but no holder of any
such bond shall have the right to compel any exercise of the taxing
power of the state to pay any such bond or the interest thereon or
to enforce the payment thereof against any property of the state nor
shall any such bond constitute a charge, lien, or encumbrance, legal
or equitable, upon any property of the state. Any provision of this
chapter or any other law to the contrary notwithstanding, any such
bondholder or trustee shall have the right by appropriate legal or
equitable proceedings (including, without being limited to,
mandamus) to enforce compliance by the appropriate public officials
with Article VII, Section IV of the Constitution of the State of
Georgia and permission is given for the institution of any such
proceedings to compel the payment of lease obligations. |