The provisions of this article and of any resolution or other proceeding authorizing the issuance of bonds shall constitute a contract with the holders of such bonds and the provisions thereof shall be enforceable either in law or in equity, by suit, action, mandamus or other proceeding in any court of competent jurisdiction to enforce and compel the performance of all duties required by this article, and by any resolution authorizing the issuance of bonds adopted responsive hereto.
A.R.S. § 15-1687