07-LA016

2007 -- S 0851

Enacted 04/04/07

A N A C T

TO VACATE THE FORFEITURE OR REVOCATION OF THE CHARTER OF SAND DAM RESERVOIR ASSOCIATION

Introduced By: Senator P Fogarty

Date Introduced: March 13, 2007

It is enacted by the General Assembly as follows:

     SECTION 1. The time within which SAND DAM RESERVOIR ASSOCIATION

incorporated on May 10, 1950 shall file the reports for the years 1986, 1987, 1988, 1989, 1990,

1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005,

2006, and 2007 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. 2007 if said corporation shall

file in the office of the Secretary of State before December 31, 2007, 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 fee, be

vacated and said corporation shall thereupon be entitled to all of the privileges, benefits and

powers and subject to 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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LC02620

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