Terms Used In Kansas Statutes 12-5905

  • Bank: means the city land bank established pursuant to this act. See Kansas Statutes 12-5901
  • Board: means the board of trustees of the city land bank. See Kansas Statutes 12-5901
  • Devise: To gift property by will.
  • Gift: A voluntary transfer or conveyance of property without consideration, or for less than full and adequate consideration based on fair market value.
  • Governing body: means the governing body of the city. See Kansas Statutes 12-5901
  • Property: includes personal and real property. See Kansas Statutes 77-201

The board may:

(a) Sue and be sued;

(b) enter into contracts;

(c) appoint and remove staff and provide for the compensation thereof;

(d) acquire, by purchase, gift or devise, and convey any real property, including easements and reversionary interests, and personal property subject to the provisions of this act;

(e) rebate all, or any portion thereof, the taxes on any property sold or conveyed by the bank;

(f) exercise any other power which may be delegated to the land bank by the governing body; and

(g) exercise any other incidental power which is necessary to carry out the purposes of the land bank and this act.