CHAPTER II: Local semi-public companies

I.-The provisions of Title II of Book V of Part One mentioned in the left-hand column of the table below, insofar as they apply to communes and their groupings, are applicable to semi-public companies created by the communes of French Polynesia as well as their groupings in the wording indicated in the right-hand column of the same table, subject to the adaptations provided for in II to XII. APPLICABLE PROVISIONS…

For operations other than the provision of services, the relationship between municipalities or their public establishments, on the one hand, and semi-public companies, on the other, is defined by a contract which provides, on pain of nullity: 1° The purpose of the contract, its duration and the conditions under which it may possibly be extended or renewed; 2° The conditions of repurchase, termination or forfeiture by the contracting local authority…

I.-By decision of their deliberative body, the communes of French Polynesia and their groupings may acquire shares or receive, as a fee, contribution shares issued by a semi-public company created by French Polynesia pursuant to Article 29 of Organic Law no. 2004-192 of 27 February 2004 on the autonomous status of French Polynesia. The second paragraph of Article L. 1521-1 as well as articles L. 1522-1, L. 1522-4, L. 1522-5…