State Codes and Statutes

Statutes > Kansas > Chapter27 > Article3 > Statutes_14294

27-325

Chapter 27.--FEDERAL JURISDICTION Article 3.--SURPLUS PROPERTY OF FEDERAL AGENCIES

27-325. Same; dissolution of authority, when; disposition of property. An authority created and established by a city may be dissolved at anytime by such city by adoption of an appropriate ordinance effecting adissolution thereof: Provided, however, That the authority establishedhereunder shall continue for a period of not less than ten (10) years:Provided further, however, That an authority established hereundershall not be dissolved until all of its liabilities, bonds and other validindebtedness have been paid in full or have been otherwise discharged:Provided further, however, That upon such dissolution the city shallacquire the property of the authority subject to any leases or agreementsduly and validly made by the authority.

History: L. 1965, ch. 117, § 11; April 16.

State Codes and Statutes

Statutes > Kansas > Chapter27 > Article3 > Statutes_14294

27-325

Chapter 27.--FEDERAL JURISDICTION Article 3.--SURPLUS PROPERTY OF FEDERAL AGENCIES

27-325. Same; dissolution of authority, when; disposition of property. An authority created and established by a city may be dissolved at anytime by such city by adoption of an appropriate ordinance effecting adissolution thereof: Provided, however, That the authority establishedhereunder shall continue for a period of not less than ten (10) years:Provided further, however, That an authority established hereundershall not be dissolved until all of its liabilities, bonds and other validindebtedness have been paid in full or have been otherwise discharged:Provided further, however, That upon such dissolution the city shallacquire the property of the authority subject to any leases or agreementsduly and validly made by the authority.

History: L. 1965, ch. 117, § 11; April 16.

State Codes and Statutes

Back To Homepage

State Codes and Statutes

Statutes > Kansas > Chapter27 > Article3 > Statutes_14294

27-325

Chapter 27.--FEDERAL JURISDICTION Article 3.--SURPLUS PROPERTY OF FEDERAL AGENCIES

27-325. Same; dissolution of authority, when; disposition of property. An authority created and established by a city may be dissolved at anytime by such city by adoption of an appropriate ordinance effecting adissolution thereof: Provided, however, That the authority establishedhereunder shall continue for a period of not less than ten (10) years:Provided further, however, That an authority established hereundershall not be dissolved until all of its liabilities, bonds and other validindebtedness have been paid in full or have been otherwise discharged:Provided further, however, That upon such dissolution the city shallacquire the property of the authority subject to any leases or agreementsduly and validly made by the authority.

History: L. 1965, ch. 117, § 11; April 16.