2012 -- S 2834

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STATE OF RHODE ISLAND

IN GENERAL ASSEMBLY

JANUARY SESSION, A.D. 2012

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A N A C T

AUTHORIZING AN INCREASE IN THE HOLDINGS OF MEMORIAL AND LIBRARY

ASSOCIATION

     Introduced By: Senator Dennis L. Algiere

     Date Introduced: March 28, 2012

     Referred To: Senate Finance

It is enacted by the General Assembly as follows:

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     SECTION 1. Section 2 of an act entitled “An Act to Incorporate the ‘Memorial and

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Library Association’ of Westerly,” passed by the general assembly at the special October session,

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A.D. 1892, as amended, is hereby further amended to read as follows:

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     “SEC. 2. Said corporation may take, hold, transmit, and convey real and personal estate

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to an amount not exceeding thirty million dollars ($30,000,000).”

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     SECTION 2. This act shall take effect upon passage.

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EXPLANATION

BY THE LEGISLATIVE COUNCIL

OF

A N A C T

AUTHORIZING AN INCREASE IN THE HOLDINGS OF MEMORIAL AND LIBRARY

ASSOCIATION

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     This act would increase the authorized holdings of Memorial and Library Association, a

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nonprofit corporation located in Westerly, Rhode Island, to thirty million dollars ($30,000,000).

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     This act would take effect upon passage.

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LC02300

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