(a) The Authority shall have the power to issue bonds from time to time in its discretion, for any of its corporate purposes. The Authority shall also have power to issue refunding bonds for the purpose of paying or retiring bonds previously issued by it. The Authority may issue such types of bonds as it […]
(a) Bonds of the Authority shall be authorized by its resolutions, may be issued in one or more series and shall be offered, awarded and executed in such manner, bear such date or dates, mature at such time or times, bear interest at such rate or rates, be in such denomination or denominations, be in […]
In connection with the issuance of bonds or the incurring of obligations, and in order to secure the payment of such bonds or obligations, the Authority, in addition to its other powers, may— (1) pledge all or any part of its gross or net rents, fees or revenues, to which its right then exists or […]
An obligee of the Authority, in addition to all other rights which may be conferred on such obligee, subject only to any contractual restrictions binding upon him, may, by a civil action— (1) compel the Authority and the commissioners, officers, agents or employees thereof to perform each and every term, provisions [sic] and covenant contained […]
The Authority may by its resolution, or by declaration of trust, trust indenture, mortgage, lease, or other contract confer upon any obligee holding or representing a specified amount in bonds, the right (in addition to all rights that may otherwise be conferred), upon the happening of an event of default as defined in such resolution […]
Notwithstanding any restriction on investments contained in any laws of the Virgin Islands, the Virgin Islands, any political subdivision thereof, all public officers and other public bodies, all banks, bankers, trust companies, savings banks and institutions, building and loan associations, savings and loan associations, investment companies and other persons carrying on a banking or investment […]
In any contract with the Federal Government for financial assistance to the Authority, the Authority may obligate itself (which obligation shall be specifically enforceable and shall not constitute a mortgage, notwithstanding any other laws) to convey to the Federal Government possession of or title to the project to which such contract relates, upon the occurrence […]
