04-LA
031
2004 -- H 8330
Enacted 06/11/04
A N A C T
AMENDING AN ACT EXEMPTING FROM
TAXATION AND AUTHORIZING THE
HERRESHOFF MARINE MUSEUM TO
INCREASE ITS HOLDINGS FROM AN AMOUNT NOT EXCEEDING ONE MILLION SIX HUNDRED
THOUSAND DOLLARS ($1,600,000) TO AN AMOUNT NOT EXCEEDING FOUR MILLION SIX
HUNDRED THOUSAND DOLLARS ($4,600,000)
Introduced By:
Representatives Anguilla, and Gallison
Date
Introduced: March 23, 2004
It is enacted by the General
Assembly as follows:
SECTION
1. Herreshoff Marine Museum, a nonbusiness corporation, incorporated under
the general laws of this state on
March 16, 1971, is hereby authorized to take, hold, transmit and
convey real, mixed, and personal
estate to an amount not exceeding one four million six hundred
thousand dollars ($1,600,000)
($4,600,000) and said real 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.
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LC02999
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