Chapter 273

2009 -- H 6219

Enacted 11/13/09

 

A N A C T

AUTHORIZING THE TOWN COUNCIL OF THE TOWN OF NORTH KINGSTOWN TO EXEMPT FROM TAXATION THE GILBERT STUART MEMORIAL, INC.

          

     Introduced By: Representatives Ehrhardt, Lally, and Carter

     Date Introduced: May 26, 2009

 

It is enacted by the General Assembly as follows:

 

     SECTION 1. Section 1 of an act passed in the January 1965 session entitled "An Act

Authorizing the Town Council of the Town of North Kingstown to Exempt from Taxation the

Gilbert Stuart Memorial, Inc.” is hereby amended to read as follows:

     Section 1. The town council of the town of North Kingstown may exempt from taxation

for such period as it may deem advisable the real estate and personal property of The Gilbert

Stuart Memorial, Inc., a corporation duly created under the laws of this state, to an amount not

exceeding in value one hundred thousand dollars eight million dollars ($8,000,000), as long as

said real estate and personal property, and all funds derived from said real estate and personal

property shall be used exclusively for public purposes.

 

     SECTION 2. This act shall take effect upon passage.

     

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LC02679

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