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(a) Any authorizing resolution and trust indenture, together with this subchapter, shall constitute a contract between the Board of Trustees of the University of Arkansas and the holders and registered owners of the bonds.
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(b) The contract and all covenants, agreements, and obligations therein shall be promptly performed in strict compliance with the terms and provisions of the contract.
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(c) The covenants, agreements, and obligations of the board may be enforced by mandamus or other appropriate proceedings at law or in equity.
