Section 20.25. Remedies of bondholders and noteholders

1. The supreme court
  shall  have  jurisdiction  of  any  suit,  action or proceeding by or on
  behalf of the holders of any bonds or notes issued by a trust. The venue
  of any such suit, action, or proceeding shall be laid in the  county  in
  which the principal office of the trust is located.
    2.  Before  the principal of notes or bonds of a trust is declared due
  and payable by or on behalf  of  bondholders  and  noteholders  thereof,
  thirty  days  notice shall first be given in writing to the governor, to
  the attorney general of the state, to the mayor of the  municipality  or
  chief  executive  officer of the county in which the principal office of
  the trust is located and to the trust.