§ 42-63.4-1 - New Shoreham tourism council bureau – Creation.
SECTION 42-63.4-1
§ 42-63.4-1 New Shoreham tourism councilbureau – Creation. – (a) There is authorized, created and established a public corporation of thetown of New Shoreham having a distinct legal existence from the state and notconstituting a department of state government, which is a governmental agencyand public instrumentality of the town of New Shoreham, to be known as the "NewShoreham Tourism Council, Inc." with the powers set forth in this chapter.
(b) The New Shoreham Tourism Council shall consist of seven(7) members who are residents of the Town of New Shoreham. The members shall beappointed by the town council of New Shoreham. The members of the New ShorehamTourism Council shall serve for a term of two (2) years and shall elect fromtheir members a chairperson.
(c) The exercise by the corporation of the powers conferredby this chapter shall be deemed and held to be the performance of an essentialgovernmental function of the town of New Shoreham for public purposes. It isthe intent of the general assembly by enactment of this chapter to vest in thecorporation all powers, authority, rights, privileges, and titles which may benecessary to enable it to accomplish the purposes herein set forth, and thischapter and the powers granted hereby shall be liberally construed inconformity with those purposes.
(d) The corporation and its corporate existence shallcontinue until terminated by law or until the corporation shall cease entirelyand continuously to conduct or be involved in any business whatsoever infurtherance of its purposes.
(2) Upon termination of the existence of the corporation, allits rights and properties shall pass to and be vested in the state. At no timeshall the assets or other property of the corporation inure to the benefit ofany person or other corporation or entity.