P.R. Laws tit. 23, § 288

2019-02-20 00:00:00+00
§ 288. Agreement of the Government

The Commonwealth Government does hereby pledge to, and agree with, any person, firm, or corporation, or any federal, Commonwealth, or state agency, subscribing to or acquiring bonds or other obligations of the Company, that it will not encumber, limit, or restrict the properties, income, revenues, rights, or powers hereby vested in the Company, until all such bonds or other obligations at any time issued, together with the interests thereon, are fully met and discharged.

History —May 11, 1942, No. 188, p. 934, § 19; Apr. 5, 1946, No. 285, p. 658, § 8; renumbered as § 18 and amended on May 14, 1952, No. 456, p. 950, §§ 14, 15; renumbered as § 17 on Dec. 29, 1997, No. 203, § 12, eff. Jan. 1, 1998.