SECTIONS 1005.1-1005.6

1005.1.  The holder of any debenture may by mandamus or otherappropriate proceedings compel the performance of any of the dutiesimposed upon any state official or employee or imposed upon thedepartment or its officers, agents or employees with respect to thecollection of revenues from pledged contracts entered into by thedepartment with veterans, and the investment and disbursement of theproceeds received from the sale of debentures.1005.2.  The department may in any resolution of issuance define theevents of default including among others default in the payment ofthe principal or interest upon or premium due upon any debentures ordefault by the department in the observance of any of the covenants,agreements or conditions on its part to be performed under theresolution of issuance and may provide that upon the happening of anysuch event of default the holders of not less than the majority inaggregate principal amount of the debentures at the time outstandingwill be entitled to declare the principal of all of the debenturesthen outstanding and the interest accrued thereon to be immediatelydue and payable.1005.4.  Whenever a bank or trust company is acting as trustee byreason of any default, or for the protection of the interests of thedebenture holders, the bank or trust company as such trustee, shalltake such action as the holders or registered owners of 20 percent inprincipal amount of all the debentures then outstanding shallrequest in writing, provided that the bank or trust company as suchtrustee may request reasonable security before taking any action sorequested.1005.5.  No remedy conferred upon or reserved to the holders ofdebentures is intended to be exclusive of any other remedy orremedies now or hereafter provided by law and each and every suchremedy shall be cumulative and shall be in addition to every otherremedy given under this chapter or now or hereafter existing at lawor in equity or by statute or otherwise.1005.6.  While any of the debentures remain outstanding the powers,duties or existence of the department and of every other official oragency of the State of California shall not be diminished or impairedin any manner that will adversely affect the interests and rights ofthe holders of the debentures.