| 11.__Remedies of holders of bonds.__In addition to all other |
| rights or remedies set forth in section 6023, subsection 2, the |
| trustee appointed pursuant to section 6023, subsection 1 may, and |
| upon written request of the holders of 25% in principal amount of |
| all outstanding bonds or holders of ancillary obligations in the |
| percentage set forth in the bank's authorizing resolution, shall, |
| in the trustee's or the bank's own name, by mandamus or other |
| suit, action or proceeding at law or in equity, enforce all |
| rights of the bondholders or holders of the ancillary obligations |
| and require the bank to carry out any other agreements with the |
| bondholders or holders of such ancillary obligations and to |
| perform its duties under this subchapter, provided the bonds are |
| limited revenue obligations of the bank.__The bank's obligations |
| to make debt service payments do not constitute a debt or |
| liability of the State or any political subdivision of the State |
| other than the bank within the meaning of any constitutional or |
| statutory limitation, or a loan of the credit of the State, or a |
| pledge of the faith and credit of the State or any political |
| subdivision of the State other than the bank, or a contractual |
| obligation in excess of the amounts deposited therein, and the |
| State has no continuing legal or moral obligation to appropriate |
| money for said payments or other obligations of the bank.__ |
| Payments of the principal of, redemption premium, if any, and |
| interest on the bonds must be made solely from amounts derived |
| from the Pension Cost Reduction Debt Service Fund established |
| pursuant to subsection 5.__Neither the faith and credit nor the |
| taxing power of the State or of any political subdivision of the |
| State is pledged to the payment of the principal of, redemption |
| premium, if any, or interest on the bonds.__The bank has no |
| taxing power. |
