AN ACT ESTABLISHING THE CONNECTICUT EQUESTRIAN CENTER CORPORATION.
Be it enacted by the Senate and House ofRepresentatives in General Assembly convened:
Section 1. (a) There is created a body politic and corporate to be known as the ConnecticutEquestrian Center Corporation.
(b) The corporation shall be governed by aboard of directors consisting of sixteen members,appointed as follows: (1) Three persons appointedby the Governor; (2) six persons appointed asfollows: One by the president pro tempore of theSenate, one by the majority leader of the Senate,one by the minority leader of the Senate, one bythe speaker of the House of Representatives, oneby the majority leader of the House ofRepresentatives and one by the minority leader ofthe House of Representatives; (3) the Commissionerof Agriculture, or his designee; (4) theCommissioner of Environmental Protection, or hisdesignee; (5) the mayor of the town and city ofHartford, or his designee; (6) the mayor of thetown of Bloomfield, or his designee; (7) the townmanager of the town of Windsor, or his designee;and (8) a representative of Friends of Keney Parkappointed by said organization. The terms of therepresentatives appointed by the Governor shall befor four years each. The terms of therepresentatives appointed by members of theGeneral Assembly shall be for three years each.The terms of the other members of the board shallbe two years. The powers of the corporation shallbe vested in and exercised by the board. Nine members of the board shall constitute a quorum and the affirmative vote of a majority of the members present at a meeting of the board shall be sufficient for any action taken by the board. No vacancy in the membership of the board shall impair the right of a quorum to exercise all the rights and perform all the duties of the board. Any action taken by the board may be authorized by resolution at any regular or special meeting and shall take effect immediately unless otherwise provided in the resolution. Notice of any meeting, whether special or regular, may be given orally, not less than forty-eight hours prior to the meeting. The board may delegate to three or more of its members such powers and duties of the board, as it may deem proper.
(c) The corporation shall have the power to adopt bylaws for the government of its affairs.
Sec. 2. The general purpose of the corporation shall be to stimulate new spending in this state and to encourage the diversification of the state economy through the planning, design, development, construction, operation, maintenance and marketing of an equestrian center that will create new jobs, add to the benefits of the hospitality industry, broaden the base of tourism effort and stimulate substantial surrounding economic development and corresponding increased tax revenues to the state. The primary purpose of the corporation shall be to attract and service large equestrian events and related trade shows, exhibitions and activities, preferably those whose attendees are predominantly out-of-state; the secondary purpose of the corporation, at times when its primary purpose cannot be fulfilled, shall be to attract and service local equestrian events, related exhibitions and activities which generate new spending in this state.
Sec. 3. The corporation shall have all lawful powers proper for the execution of the purposes set forth in section 2 of this act, including, but not limited to (1) all powers conferred upon nonprofit organizations by the general statutes, (2) power to appoint agents and employ such other persons as may be necessary for its operations, (3) power to make contracts and incur liabilities for any of the purposes of the corporation, (4) power to receive money or other property, tangible or intangible, real, personal, or mixed, by gift, bequest, devise or otherwise, (5) power to purchase, receive, hold, manage, lease, or otherwise acquire, and to sell, convey, transfer, lease or otherwise dispose of real and personal property, together with such rights and privileges as may be incidental and appurtenant thereto and the use thereof including, but not restricted to, any real or personal property acquired by the corporation from time to time, (6) power to acquire, subscribe for, own, hold, sell, transfer, mortgage, pledge or otherwise dispose of the stock, shares, bonds, debentures, notes, or other securities and evidences of interest in, or indebtedness of any person, firm, corporation, joint stock company, association or trust, and while the owner or holder thereof, to exercise all the rights, powers and privileges of ownership, including the right to vote thereon, (7) power to engage in and contract for marketing and promotional activities to attract national, regional and local equestrian events, trade shows, exhibitions and other activities, (8) power to formulate plans for, acquire, finance and develop, lease, purchase, construct, reconstruct, repair, improve, expand, extend, operate, maintain and market the project, provided such activities are consistent with all applicable federal tax covenants of the corporation and (9) power to do all acts and things necessary or convenient to carry out the purposes of this act.
Sec. 4. The corporation shall not operate for profit and no officer, member or employee thereof shall receive any pecuniary profit from its operation, except reasonable compensation for services or as a proper beneficiary of its state purposes.
Sec. 5. A certificate of organization shall be filed with the office of the Secretary of the State, in accordance with the requirements of section 33-422 of the general statutes, within one hundred twenty days of the first meeting of the board of directors.
Approved June 3, 1996. Effective June 3, 1996.[footer.htm]