Tex. Special District Local Laws Code § 21.407
This is the official text of Tex. Special District Local Laws Code § 21.407, part of Texas’s Special District Local Laws Code — consolidates the individual laws creating Texas's special-purpose local government districts.
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§ 21.407. MANDAMUS BY BONDHOLDERS.
Official statutory text
A holder of a district bond is entitled, in addition to any other right or remedy provided by law, to a writ of mandamus requiring the district and its officials to observe and perform any covenant, condition, or obligation provided by the order or resolution authorizing issuance of the bond that the district fails to observe or perform, including:
(1) a default in the payment of principal, interest, or redemption price on the bond when due; and
(2) a failure to make payment into any fund created in the order or resolution.
(1) a default in the payment of principal, interest, or redemption price on the bond when due; and
(2) a failure to make payment into any fund created in the order or resolution.
Status: in_force · Read it on the official government site
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