(a) The term “Authority” shall mean the Virgin Islands Port Authority created by this chapter.
(b) The term “Board” shall mean the Governing Board of the Authority.
(c) 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, but shall not include the debts or accounts incurred in the usual course of business for expenses of the Authority.
(d) 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.
(e) 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.
(f) “Air terminals” shall mean developments consisting of runways, hangars, control towers, ramps, buildings, structures, parking areas, improvements, facilities or other real and personal property necessary, convenient or desirable for the landing, taking off, accommodation and servicing of aircraft of all types, including but not limited to airplanes, airships, dirigibles, helicopters, gliders, amphibians, seaplanes, or any other contrivance now or hereafter used for the navigation of or flight in air or space, operated by carriers engaged in the transportation of passengers or cargo, or for the loading, unloading, interchange or transfer of such passengers or their baggage, or such cargo, or otherwise for the accommodation, use or convenience of such passengers, or such carriers or their employees or of the persons visiting the airports, or for the landing, taking off, accommodation and servicing of aircraft owned or operated by persons other than carriers, as well as property acquired by the Government of the Virgin Islands to be used for air facilities.
(g) “Marine terminals” shall mean developments consisting of one or more public piers, wharves, docks, bulkheads, slips, basins, sidings or other buildings, structures, equipment, facilities or improvements, or other real or personal property, necessary or convenient to the accommodation of steamships, tugs, freighters, boats or other sea going vessels and their cargoes or passengers.
(h) “Industrial, commercial, residential and recreational development” shall mean developments, consisting of warehouses, quarries, cement block plants, sewage disposal plants, public dumps, parking areas, wholesale and retail outlets, hotels, motels, apartments, guesthouses, restaurants, office buildings, and related activities.
(i) “Facility” shall mean an air terminal, marine terminal or an industrial, commercial, residential and recreational development, or any two or more of them collectively.
(j) 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.