315

In the event that there remain in the Isabela Irrigation Fund any of the proceeds of the sale of the bonds for the irrigation system over and above the amount required for the completion of the construction thereof, and for such other purposes, for which bonds may be issued hereunder or under the act or acts authorizing the issue of bonds on account of the irrigation system, such surplus proceeds shall be used for the payment of the principal falling due upon outstanding irrigation bonds at such time as the Secretary of the Treasury of Puerto Rico, with the approval of the Governor, shall determine, or in the event that all such bonds shall have been retired, then for such other purposes connected with the irrigation system as the Governor may determine. History —June 19, 1919, No. 63, p. 348, § 40, eff. 90 days after June 19, 1919.