An indenture may include such limitations as to acquisition, ownership or operation by the government of Guam of enterprises which may compete with the system as may be deemed necessary or desirable for the security of bonds issued pursuant to this Article.

SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14079. Codified as
12 GCA § 10230, entitled Title in Authority Subject to Trusts in Favor of
Bondholders. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017).

§ 10231. Jose D. Leon Guerrero Commercial Port Construction
Fund.

The proceeds from the sale of all bonds authorized by this Article shall be deposited to the credit of a fund to be designated as the Jose D. Leon Guerrero Commercial Port Construction Fund, which fund is hereby created. The money in said Construction Fund shall be expended in the manner provided by law for any of the purposes authorized by this Article, including any or all of the purposes specified by 12 Guam Code Ann. § 10220, and for such other purposes, subject to the restrictions provided by law or by such indenture, as may be authorized by such indenture.

SOURCE: Added by P.L. 13-087:1 (Oct. 31, 1975) as GC § 14080. Codified as
12 Guam Code Ann. § 10231. Repealed and reenacted by P.L. 34-070:2 (Dec. 7, 2017).

2017 NOTE: This provision was originally enacted as Use of Other Funds, which was reenacted by P.L. 34-070:2 (Dec. 7, 2017) as 12 Guam Code Ann. § 10227, Use of Other Funds for System.