(a) The term “Authority” shall mean the Virgin Islands Water and Power Authority created by this chapter.
(b) The term “Board” shall mean the Governing Board of the Authority.
(c) The term “facility” shall mean any one or a combination of two or more of the following for supplying water and electric power in the Virgin Islands, to wit: water and/or power supply and distribution systems, including distillation plants, plants for generating electricity by any means, stations, distribution lines, reservoirs, dams, canals, tunnels, conduits, wells, intakes, mains, laterals, stand-pipes, hydrants, meters, valves and other structures and equipment, and any other works, together with all parts thereof and appurtenances thereto and lands, rights in lands, and rights and privileges in connection therewith, which the Authority shall deem to be necessary, proper, incidental or convenient in connection with its activities, and which are customarily used and employed in the production, collection, distillation, utilization, transmission, distribution, sale, exchange, rendering, or other disposition of water, electric power, electric equipment, supplies, services or other activities in which the Authority shall engage or desire to engage pursuant to its purposes.
(d) The term “water and electric power systems” shall mean all the facilities, as herein defined, for developing and supplying water and electric power.
(e) The term “water system” shall mean that part of the facilities, as herein defined, which the Authority shall deem to be necessary, proper, incidental, or convenient in connection with the development and supply of water, together with that part of the facilities for joint use in connection with the development and supply of water and electric power which the Authority shall deem to be fairly allocable to its water system.
(f) The term “electric power system” shall mean that part of the facilities, as herein defined, which the Authority shall deem to be necessary, proper, incidental or convenient in connection with the development and supply of electric power, together with that part of the facilities for joint use in connection with the development and supply of water and electric power which the Authority shall deem to be fairly allocable to its electric power system.
(g) The term “Virgin Islands Water and Power Systems” shall mean the water and power systems developed or acquired by the Authority under this chapter.
(h) The term “Electric Power and Water Distillation Systems of the Virgin Islands Corporation” shall mean the water supply and distillation works, electric generating works, distribution works and all other facilities, and other property, rights, franchises, contracts, leases, records and accounts receivable, properly attributable to the water and power operations of said corporation.
(i) The term “bonds” shall mean the bonds, temporary bonds, refunding bonds, debentures, notes, interim bonds, receipts, certificates, or other evidences of indebtedness or obligations which are authorized to be issued by this chapter.
(j) The term “holder of bonds” or “bondholders” or any similar term shall mean any person who shall be the bearer of any outstanding bond or bonds registered to bearer, or not registered, or the registered owner of any outstanding bond or bonds which at the time shall be registered other than to bearer.
(k) The term “Federal agency” shall mean the United States of America, the President or any department thereof, or any corporation, agency or instrumentality heretofore or hereafter created, designated, or established by the United States of America.
(l) Words importing the singular number shall include the plural number and vice versa, and words importing persons shall include firms, partnerships of all kinds and corporations.