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5003 — Puerto Rico Law | CourtGPT
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  4. Title Twenty-three - Public Planning and Development (§§ 1 — 11273)/
  5. Part V - Municipal Development/
  6. Chapter 121/
  7. 5003
Puerto Rico Legal Code

5003

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The Company for the Integral Development of the Cantera Peninsula is hereby created in San Juan, Puerto Rico (The Company), which shall be a public corporation that shall exist for a term of twenty (20) years, extendable for five (5) additional years through an executive order of the Governor, at the end of which period it shall cease to exist. Notwithstanding the above, as debt holder, it shall enjoy whatever powers are needed to honor the debt and it shall remain in existence until the debt, of any sort, is fully repaid.\nHistory —July 10, 1992, No. 20, § 4; Sept. 22, 2004, No. 402, § 1.