(70 ILCS 2105/15.4) (from Ch. 42, par. 398.4)
Sec. 15.4.
Any holder of a bond issued under Section 15.1 or of any coupon
representing interest accrued thereon, may, in any civil action, compel the
performance of the duties of the officials of the conservancy district set
forth in Sections 15.1 through 15.3 of this Act.
If there is a default in the payment of the principal of or interest
upon any of these bonds, any court having jurisdiction in any proper action
may appoint a receiver to administer the land and facilities on behalf of
the conservancy district with power to charge and collect fees to provide
sufficient revenue for the payment of the operating expenses and for the
payment of such bonds and interest thereon and to apply the income and
revenue in conformity with Sections 15.1 through 15.4 and the ordinance
providing for the issuance of these bonds.
(Source: Laws 1957, p. 647.)
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