Upon the happening and continuance of any event of default any registered owner of a bond may exercise any available remedy and bring any appropriate action, suit, or proceeding to enforce his or her rights and, in particular, bring suit for any unpaid principal or interest then due, by mandamus or other appropriate proceeding enforce all rights of such registered owners including the right to require the issuer to perform its duties under the Act and this subchapter relating thereto, including, but not limited to, the making and collection of sufficient rates or charges for services rendered by the system, bring suit upon the bonds, by action at law or bill in equity require the issuer to account as if it were the trustee of an express trust for the registered owners of the bonds, and by action at law or bill in equity enjoin any acts in violation of the ordinance with respect to the bonds, or the rights of such registered owners.
(Ord. passed - -)