12 Guam Code Ann. § 1211
Terms Used In 12 Guam Code Ann. § 1211
- Contract: A legal written agreement that becomes binding when signed.
- Injunction: An order of the court prohibiting (or compelling) the performance of a specific act to prevent irreparable damage or injury.
- Jurisdiction: (1) The legal authority of a court to hear and decide a case. Concurrent jurisdiction exists when two courts have simultaneous responsibility for the same case. (2) The geographic area over which the court has authority to decide cases.
(1) The purpose or purposes to which the proceeds of sale of the bonds shall be applied and the use and disposition thereof.
(2) The use and disposition of the revenue of the airports, including the creation and maintenance.
(3) The issuance of additional special revenue bonds payable from the revenue of the airports.
(4) The operation, maintenance and repair of the airports.
(5) The insurance to be carried by the Authority and the use and disposition of insurance moneys.
(6) Books of account and the inspection and audit thereof.
(7) Such other matters as are deemed necessary and required by the Board in order to properly secure such bonds.
(b) The provisions of this Article and any bond resolution authorizing the issuance of special revenue bonds shall be a contract with the bondholders and the duties of the Authority or any person under this Article and the conditions of any bond resolution shall be enforceable by any bondholder by injunction, mandamus or other appropriate suit, action or proceeding in any court of competent jurisdiction.
SOURCE: GC § 62110, as reenacted by P.L. 16-093 (June 15, 1982).