(20 ILCS 3805/26) (from Ch. 67 1/2, par. 326)
Sec. 26.
The trustee appointed pursuant to Section 25 may, and upon written
request of the holders of 25% in principal amount of such notes or bonds
then outstanding shall, in his own name: (a) enforce all rights of the
noteholders or bondholders, including the right to require the Authority
to collect fees and charges and interest and amortization
payments on
mortgage or other loans made by it adequate to carry out any agreement as to, or
pledge of, such fees and charges and interest and amortization payments
of such mortgage or other loans, and other properties
and to require the Authority to
carry out any other agreements with the holders of such notes or bonds
and to perform its duties under this Act; (b) bring suit upon such notes
or bonds; (c) require the Authority to account as if it were the trustee
of an express trust for the holders of such notes or bonds; (d) enjoin
any acts or things which may be unlawful or in violation of the rights
of the holders of such notes or bonds; or (e) declare all such notes or
bonds due and payable, and if all defaults shall be made good, then,
with the consent of the holders of 25% of the principal amount of such
notes or bonds then outstanding, to annul such declaration and its
consequences.
(Source: P.A. 83-1251.)
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