Costs of proceedings

Act 231 of 1982, § 19, under THE CITY OF PHILADELPHIA MUNICIPAL UTILITY INVENTORY AND RECEIVABLES FINANCING ACT.

Act 231 of 1982, § 19

Section 19. Costs of proceedings.

In any action or proceeding by or on behalf of the holders of defaulted bonds of the city brought under this act, the fees and expenses of a trustee, including reasonable counsel fees, shall constitute taxable costs, and all such costs and disbursements allowed by the court shall be deemed additional principal due on the bonds, and shall be paid in full from any recovery prior to any distribution to the holders of the bonds.