There is hereby transferred and delivered, or there shall be so transferred and delivered to the Authority, all the property, real, personal, and mixed, tangible and intangible, of whatsoever kind and wheresoever situated, constituting the 'System of the Utilization of the Water Resources' including all the funds, rights, franchises, privileges and assets of every character and description pertaining thereto, subject to all obligations and encumbrances, legal or equitable, with which the same may be burdened. History —May 2, 1941, No. 83, p. 684, § 8; Apr. 8, 1942, No. 19, p. 330, § 1, eff. 90 days after Apr. 8, 1942.
Puerto Rico Legal Code