The Council is hereby authorized to issue from time to time conversion revenue bonds of the University for the purpose of funding any revenue bonds of the University heretofore or hereafter issued in connection with any project or projects or any existing facilities, including the payment of any redemption premium therefor and any interest accrued or to be accrued up to the redemption date of such bonds. The Council is hereby further authorized to issue from time to time conversion revenue bonds of the University for the combined purpose of:(a) Funding any revenue bonds or refinancing bonds of the University heretofore or hereafter issued in connection with any project or projects or any existing facilities, including the payment of any redemption premium thereon and any interest accrued or to be accrued up to the redemption date of such bonds, and(b) to pay in full or in part the cost of acquisition or construction of any additional project or projects.The issuance of such bonds, the maturity thereof, and other pertinent details, the rights and remedies of bondholders, and the rights, powers, privileges, duties and obligations of the University and of the Council with regard the maturity thereof, and other pertinent details, the rights and remedies of bondholders, and the rights, powers, privileges, duties and obligations of the University and of the Council with regard thereto, shall be governed by the above-mentioned provisions of this chapter insofar as applicable. History —June 18, 1958, No. 50, p. 88, § 7.
Puerto Rico Legal Code