A holder of obligations issued under this subchapter or coupons originally attached to the obligations may by any legal proceeding enforce and compel performance of all duties required by this subchapter to be performed by the commission. The duties which can be the basis of an action under this section shall include:

1. (1) the establishment and collection of reasonable and sufficient fees or charges for the use of improvements and facilities of the district;
2. (2) the segregation of the income and revenue from improvements and facilities; and
3. (3) the application of income and revenue pursuant to the provisions of this subchapter.

Acts 1971, 62nd Leg., p. 110, ch. 58, Sec. 1, eff. Aug. 30, 1971.