STATE ROADS 3327

B. Such trustee may, and upon written request of the holders of twenty-
five per centum in principal amount of any issue of bonds then outstanding
shall, in his or its own name, and as to any such issue—

(1) sue on the bonds;

(2) by mandamus or other suit, action or proceeding at law or in
equity, enforce all rights of the bondholders, including the right to require
the Authority and the Board to collect tolls and rentals adequate to carry
out any agreement as to or pledge of such tolls or rentals and to require the
Authority and the Board, to carry out any other agreements with the
bondholders and to perform its and their duties under this sub-title;

(3) by action or suit in equity, require the Authority to account as if
it were the trustee of an express trust for the bondholders;

(4) by action or suit in equity, enjoin any acts or things which may
be unlawful or in violation of the rights of the bondholders;

(5) declare all of such bonds due and payable and if all defaults shall
be made good, then with the consent of the holders of twenty-five per
centum of the principal amount of such bonds then outstanding, to annul
such declaration and its consequences.

C. The venue of any suit, action or proceeding by the trustee in behalf
of the bondholders shall be any county in which any portion of the project,
in connection with which such bonds were issued, is located, and the Circuit
Court of such County shall have jurisdiction of any suit, action or pro-
ceeding by the trustee on behalf of the bondholders.

D. Before declaring the principal of any issue of bonds due and pay-
able, the trustee shall first give thirty days' notice in writing to the
Authority.

E. Any such trustee, whether or not all bonds of such issue have been
declared due and payable, shall be entitled as of right to the appointment
of a receiver who may enter and take possession of the project or projects
or any part or parts thereof, the tolls of which have been pledged as security
for such issue of bonds, and operate and maintain the same and collect and
receive all tolls, rentals and other revenues thereafter arising therefrom
in the same manner as the Authority itself might do, and shall deposit
all such moneys in a separate account and apply the same in such manner
as the court shall direct. In any suit, action or proceeding by the trustee,
the fees, counsel fees and expenses of the trustee and of the receiver, if
any, shall constitute taxable disbursements and all costs and disbursements
allowed by the court shall be a first charge on such part of the tolls, rentals
and other revenues derived from the project or projects, as were pledged as
security for the issue of the bonds for which said trustee is acting.

F. Said trustee shall, in addition to the foregoing, have and possess all
of the powers necessary or appropriate for the exercise of any functions
specifically set forth herein or incident to the general representation of
the bondholders in the enforcement and protection of their rights.

G. All the rights and remedies hereinabove conferred shall be cumula-
tive and in addition to all other rights and remedies that may be conferred
upon any bondholder or trustee for bondholders of the Authority by law
or by any contract with the Authority.

H. No default with respect to any of the three issues of bonds herein
provided for shall be construed to extend to any of the other issues.

1935, ch. 330, sec. 88.

115. The property of the Authority shall be exempt from execution,
including an execution on a judgment on the bonds, and all persons in