P.R. Laws tit. 23, § 3053
The following words and terms, wherever used or referred to in this chapter, shall have the following meanings, except where the context clearly indicates otherwise:
(a) Authority. — Shall mean the Puerto Rico Maritime Shipping Authority created by this chapter, or, should said Authority be abolished or otherwise divested of the duties conferred hereby, the public body or agency succeeding it in its principal functions, or upon which the rights, powers and duties given by this chapter to the Authority are conferred by law.
(b) Bank. — Shall mean the Government Development Bank for Puerto Rico, created by §§ 551 et seq. of Title 7.
(c) Bonds. — Shall mean the bonds, temporary bonds, refinancing bonds, debentures, notes, provisional or temporary bonds, receipts, certificates, or other evidences or indebtedness or obligations which the Authority is empowered to issue pursuant to the provisions of this chapter.
(d) Federal agency. — Shall mean the United States of America, its President or any department thereof, or any corporation, agency, or instrumentality heretofore or hereafter created, designated, or established by the United States of America.
(e) Person. — Shall mean any person, including individuals, firms, partnerships, associations or corporations, public or private, organized or existing under the laws of the Commonwealth of Puerto Rico, or any state or local agencies.
(f) Holder of bonds or bondholder. — Or any similar term shall mean any person who is the holder of any outstanding bond or bonds registered to bearer or not registered or the registered owner of any outstanding bond or bonds which at the time are registered in the name of the designated person and not on behalf of the bearer.
(g) Governing Board. — Shall mean the existing Governing Board of the Puerto Rico Maritime Shipping Authority prior to the reorganization of the Authority pursuant to §§ 3051 et seq. of this title.
(h) Trust agreement. — Shall mean the trust agreement or resolution providing for the issuance of the bonds under the provisions of this chapter.
(i) Words importing the singular number shall be understood to include the plural number and vice versa.
History —June 10, 1974, No. 62, Part 1, p. 239, § 3, renumbered as § 2 and amended on Sept. 27, 1994, No. 112, §§ 1, 11.