LA1

2003 -- S 0005

Enacted 01/23/03

A N A C T

TO VACATE THE FORFEITURE OR REVOCATION OF THE CHARTER OF THE

COMMON FENCE POINT IMPROVEMENT ASSOCIATION

Introduced By: Senator Mary A. Parella

Date Introduced: January 09, 2003

It is enacted by the General Assembly as follows:

     SECTION 1. The time within which THE COMMON FENCE POINT IMPROVEMENT

ASSOCIATION, incorporated January 25, 1962 shall file the reports for the years 1996, 1997,

1998, 1999, 2000, 2001, 2002, and 2003 as required under the provisions of section 7-6-90 of the

general laws of Rhode Island, 1956, is hereby extended to the 31st day of December, A.D. 2003 if

said corporation shall file in the office of the Secretary of State before December 31, 2003, the

reports which it should have filed in the said years and shall pay to the Secretary of State the

filing fees therefore, having previously thereto paid to the General Treasurer for the use of the

state such sum as the Attorney General shall decide should be paid by said corporation as a

compromise for the penalty or penalties for its failure to file such reports then the forfeiture or

revocation of the charter of said corporation shall thereupon, to wit, upon the filing of said reports

and the payment of said fees, be vacated and said corporation shall thereupon be entitled to all of

the privileges, benefits and powers and subject of the same duties and liabilities as though no

forfeiture or revocation of its said charter had taken place.

     SECTION 2. This act shall take effect upon passage.

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LC00519

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