P.R. Laws tit. 25, § 2927

2019-02-20 00:00:00+00
§ 2927. Bonds—Agreement with the bondholders

The Commonwealth of Puerto Rico is hereby committed and agrees with the holders of any bonds issued under this chapter, and with the persons or entities that contract with the Puerto Rico National Guard Institutional Trust in accordance with the provisions of this chapter, that it shall not limit nor alter the rights conferred herein until the principal and interest of said bonds are fully paid up, and that any other obligation under said agreements is met up by the Puerto Rico National Guard Institutional Trust; Provided, however, That nothing that has been provided herein shall affect or alter said limitation if adequate measures are provided by law for the protection of the Puerto Rico National Guard Institutional Trust bondholders, or persons or corporations that appear in said agreements with the Puerto Rico National Guard Institutional Trust.

History —July 23, 1991, No. 23, § 19.