P.R. Laws tit. 23, § 615
(a) Any holder of bonds of the Authority or trustee therefor shall have the power and the right to equal benefit and protection as enjoyed by all bondholders under equal circumstances, but subject to any contractual limitations applicable to the holders of bonds of any issue, or trustee therefor, including, but without it being construed as a limitation, the restriction of the exercise of any remedies to a specific group of such holders:
(1) By mandamus or other action, suit or proceeding, to compel the Authority, its President and General Manager, and its officers, agents and employees, to perform and fulfill their duties and obligations pursuant to this chapter, and their covenants with the bondholders.
(2) By action or suit, to require the Authority and its President and General Manager to account as if they were the trustees of an express trust.
(3) By suit or action, to enjoin any acts or activities which may be unlawful or in violation of the rights of the bondholders.
(4) To bring judicial actions based on the bonds.
(b) No remedy conferred by this chapter upon any bondholder or any trustee therefor shall be construed as exclusive of any other legal remedy; on the contrary, each such remedy shall be cumulative and in addition to any other remedy and may be exercised without exhausting, and irrespective of, any other remedy conferred by this chapter or any other act. The waiver of any default of duty or contract, whether by any bondholder or trustee therefor, shall not extend to or affect any subsequent default of duty or contract, or impair any rights or remedies arising from such subsequent default. No delay or omission of any bondholder or any trustee therefor to exercise any right or power accruing upon default shall impair any such right or power; and it shall not be construed to be a waiver of any such default or acquiescence therein. Every substantive right and every remedy conferred upon the bondholders may be enforced or exercised at any time and as often as may be deemed expedient. In case any suit, action, or proceeding to enforce any right or exercise any remedy of the bondholders shall be brought or taken by them or by any trustee therefor, and then discontinued or abandoned, or shall be determined adversely to the holder of the bonds or any trustee therefor, the Authority or such holder or trustee shall be restored to their former positions with regard to any subsequent suit, action or proceeding, with the same rights or remedies as if no such suit, action, or proceeding had been brought or taken.
History —May 11, 1959, No. 5, p. 17, § 15.