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MARVIN MANDEL, Governor 1113
PLEDGED FOR ANY OTHER PURPOSE SO LONG AS SUCH BONDS,
OR ANY OF THEM, ARE OUTSTANDING, AND UNPAID.
13.19. REMEDIES. —THE HOLDER OF ANY BOND MAY
FOR THE EQUAL BENEFIT AND PROTECTION OF ALL HOLDERS OF
BONDS SIMILARLY SITUATED; (1) BY MANDAMUS OR OTHER
APPROPRIATE PROCEEDINGS REQUIRE AND COMPEL THE
PERFORMANCE OF ANY OF THE DUTIES IMPOSED UPON THE
COMMISSION OR ASSUMED BY IT, ITS OFFICERS, AGENTS, OR
EMPLOYEES UNDER THE PROVISIONS OF ANY INDENTURE, IN
CONNECTION WITH THE ACQUISITION, CONSTRUCTION,
OPERATION, MAINTENANCE, REPAIR, RECONSTRUCTION, OR
INSURANCE OF THE FACILITIES, OR IN CONNECTION WITH THE
COLLECTION, DEPOSIT, INVESTMENT, APPLICATION, AND
DISBURSEMENT OF THE RATES, RENTS, TOLLS, FEES,
CHARGES, AND OTHER REVENUES DERIVED FROM THE OPERATION
AND USE OF THE FACILITIES, OR IN CONNECTION WITH THE
DEPOSIT, INVESTMENT, AND DISBURSEMENT OF THE PROCEEDS
RECEIVED FROM THE SALE OF BONDS; OR (2) BY ACTION OR
SUIT IN A COURT OF COMPETENT JURISDICTION OF ANY
SIGNATORY PARTY REQUIRE THE COMMISSION TO ACCOUNT AS
IF IT WERE THE TRUSTEE OF AN EXPRESS TRUST, OR ENJOIN
ANY ACTS OR THINGS WHICH MAY BE UNLAWFUL OR IN
VIOLATION OF THE RIGHTS OF THE HOLDERS OF THE BONDS.
THE ENUMERATION OF SUCH RIGHTS AND REMEDIES, HOWEVER,
DOES NOT EXCLUDE THE EXERCISE OR PROSECUTION OF ANY
OTHER RIGHTS OR REMEDIES AVAILABLE TO THE HOLDERS OF
BONDS.
13.20. CAPITAL FINANCING BY SIGNATORY PARTIES;
GUARANTEES. —
(A) THE SIGNATORY PARTIES SHALL PROVIDE SUCH
CAPITAL FUNDS REQUIRED FOR PROJECTS OF THE COMMISSION
AS MAY BE AUTHORIZED BY THEIR RESPECTIVE STATUTES IN
ACCORDANCE WITH A COST SHARING PLAN PREPARED PURSUANT
TO ARTICLE 12 OF THIS COMPACT; BUT NOTHING IN THIS
SECTION SHALL BE DEEMED TO IMPOSE ANY MANDATORY
OBLIGATION ON ANY OF THE SIGNATORY PARTIES OTHER THAN
SUCH OBLIGATIONS AS MAY BE ASSUMED BY A SIGNATORY
PARTY IN CONNECTION WITH A SPECIFIC PROJECT OR
FACILITY.
(B) BONDS OF THE COMMISSION, NOTWITHSTANDING ANY
OTHER PROVISION OF THIS COMPACT, MAY BE EXECUTED AND
DELIVERED TO ANY DULY AUTHORIZED AGENCY OF ANY OF THE
SIGNATORY PARTIES WITHOUT PUBLIC OFFERING AND MAY BE
SOLD AND RESOLD WITH OR WITHOUT THE GUARANTY OF SUCH
SIGNATORY PARTY, SUBJECT TO AND IN ACCORDANCE WITH THE
CONSTITUTIONS OF THE RESPECTIVE SIGNATORY PARTIES.
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