Terms Used In Rhode Island General Laws > Chapter 37-3.2 - Quonset Point Naval Air Station Property Lease

• Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
• Lease: A contract transferring the use of property or occupancy of land, space, structures, or equipment in consideration of a payment (e.g., rent). ^{Source: OCC}
• Mortgage: The written agreement pledging property to a creditor as collateral for a loan.
• Personal property: All property that is not real property.
• Quonset Point buildings: means the buildings at the site of Quonset Point naval air station in the town of North Kingstown and situated on the reverter real property, or the surplus real property, including, without being limited to, the following: buildings number 1, 2, 16, 17, 60, 151, 374, 375, 406, 483, 484, 488, 536, 537, DG12 and DT38. See Rhode Island General Laws 37-3.2-1
• Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
• Reverter personal property: means the personal property (which may include any of the Quonset Point buildings to the extent that they are deemed to be personal property) located on the reverter real property. See Rhode Island General Laws 37-3.2-1
• Reverter real property: means that real property more fully described in P. See Rhode Island General Laws 37-3.2-1
• Surplus personal property: means such personal property, in addition to the reverter personal property, as shall be transferred, assigned, or conveyed to the state by the United States pursuant to the provisions of § 13 (g) of the surplus property act of 1944 or pursuant to the provisions of any other applicable law of the United States. See Rhode Island General Laws 37-3.2-1
• Surplus real property: means such real property as shall be transferred, assigned, or conveyed to the state by the United States pursuant to the provisions of § 13 (g) of the surplus property act of 1944, 50 U. See Rhode Island General Laws 37-3.2-1
• town: may be construed to include city; the words "town council" include city council; the words "town clerk" include city clerk; the words "ward clerk" include clerk of election district; the words "town treasurer" include city treasurer; and the words "town sergeant" include city sergeant. See Rhode Island General Laws 43-3-9
• United States: include the several states and the territories of the United States. See Rhode Island General Laws 43-3-8