Section 12720.411 - Remedies of holders of tax and revenue anticipation notesA holder of tax and revenue anticipation notes shall have the right, in addition to all other rights which may be conferred on such holder, subject only to any contractual restrictions binding upon such holder:
(1) By mandamus, suit, action or proceeding at law or in equity, to compel the city, the loan committee and the members thereof and the officers, agents or employees thereof to perform each and every term, provision and covenant contained in any note or contract of the city with or for the benefit of such holder and to require the carrying out of any or all such covenants and agreements of the city and the fulfillment of all duties imposed upon the city by this act.(2) By proceeding in equity, to obtain an injunction against any acts or things which may be unlawful or the violation of any of the rights of such holder of tax and revenue anticipation notes.(3) To require the city to account as if it were the trustee of an express trust for the holders of tax and revenue anticipation notes for any pledged taxes or revenues received. 1991, June 5, P.L. 9, No. 6, § 411, imd. effective.