P.R. Laws tit. 13, § 45
All the bonds and promissory notes heretofore issued by The People of Puerto Rico and the municipalities thereof for any of the purposes for which bonds of The People of Puerto Rico and the municipalities thereof may be issued, including the refunding of outstanding bonds and promissory notes, and all the proceedings heretofore had for the authorization, issuance and sale of said bonds and promissory notes, and the execution, sale, exchange and delivery thereof are hereby validated, ratified, approved and confirmed, notwithstanding any absence of power (with the exception of constitutional power) of The People of Puerto Rico or any of its said municipalities, or of its body, board, or government boards, or members thereof to authorize and issue said bonds or promissory notes or to execute, sell, exchange or deliver the same, and notwithstanding any deficiency in form and substance in said proceedings or in said execution, sale, exchange, or delivery, and the said bonds and promissory notes are and shall, as indicated in this section, be binding, legal, valid and demandable indebtedness in accordance with the terms thereof.
History —Apr. 25, 1949, No. 95, p. 238, § 1.