A N A C T
AUTHORIZING THE AUDUBON SOCIETY OF RHODE ISLAND TO INCREASE ITS HOLDINGS TO AN AMOUNT NOT EXCEEDING FIFTY MILLION DOLLARS ($50,000,000)
It is enacted by the General Assembly as follows:
SECTION 1. Audubon Society of Rhode Island, a nonbusiness corporation, incorporated under the general laws of this state on May 10, 1906 is hereby authorized to take, hold, transmit and convey real, mixed and personal estate to an amount not exceeding fifty million dollars ($50,000,000) and said real, mixed and personal estate shall be exempt from taxation so long as said estate shall be used for the purposes for which said corporation was incorporated.
SECTION 2. This act shall take effect upon passage.