Kansas Statutes 76-6a31. Acquisition of Fairmount Towers authorized
Terms Used In Kansas Statutes 76-6a31
- Board: means the state board of regents. See Kansas Statutes 76-6a01
- Fairmount Towers: shall mean the property consisting of:
(1) The real property which is located in the city of Wichita, county of Sedgwick and state of Kansas and which is described as follows:
Parcel 1: Lots 1 and 2, Campus Addition
Parcel 2: Lot 1, Campus 2nd Addition
Parcel 3: East one hundred forty (140) feet of Lot 55, Hillside Garden Subdivision; and
(2) the buildings and improvements located on the real property described in subsection (1) above; and
(3) all fixtures, facilities, machinery, apparatus, installations, furniture, equipment and other property, whether real, personal or mixed, located on or in the property described in subsections (1) and (2) above and used in connection with or on the property described in subsections (1) and (2) above, including all consumable personal property and inventories. See Kansas Statutes 76-6a31
- Fee simple: Absolute title to property with no limitations or restrictions regarding the person who may inherit it.
- Property: includes personal and real property. See Kansas Statutes 77-201
- real property: include lands, tenements and hereditaments, and all rights to them and interest in them, equitable as well as legal. See Kansas Statutes 77-201
- Real property: Land, and all immovable fixtures erected on, growing on, or affixed to the land.
- Revenue bonds: means bonds issued by a board under authority of Kan. See Kansas Statutes 76-6a13
- State: when applied to the different parts of the United States, includes the District of Columbia and the territories. See Kansas Statutes 77-201
- Student dormitory: means a building erected for, and used solely as, a place for housing and boarding students and other purposes incidental thereto. See Kansas Statutes 76-6a01
(a) As used in this act, “Fairmount Towers” shall mean the property consisting of:
(1) The real property which is located in the city of Wichita, county of Sedgwick and state of Kansas and which is described as follows:
Parcel 1: Lots 1 and 2, Campus Addition
Parcel 2: Lot 1, Campus 2nd Addition
Parcel 3: East one hundred forty (140) feet of Lot 55, Hillside Garden Subdivision; and
(2) the buildings and improvements located on the real property described in subsection (1) above; and
(3) all fixtures, facilities, machinery, apparatus, installations, furniture, equipment and other property, whether real, personal or mixed, located on or in the property described in subsections (1) and (2) above and used in connection with or on the property described in subsections (1) and (2) above, including all consumable personal property and inventories.
(b) The state board of regents is hereby authorized to acquire fee simple title to the Fairmount Towers on or before August 1, 1976, to be utilized as a student dormitory for Wichita state university, for a purchase price of not to exceed two million four hundred thousand dollars ($2,400,000). Not more than one million two hundred thousand dollars ($1,200,000) of said amount may be paid in cash and not more than one million two hundred thousand dollars ($1,200,000) thereof may be paid from the proceeds of the sale of revenue bonds issued by the state board of regents pursuant to Kan. Stat. Ann. § 76-6a13 et seq. The amount of revenue bonds issued and sold by the state board of regents for such purpose shall not exceed one million four hundred thousand dollars ($1,400,000). The final purchase price shall not exceed said two million four hundred thousand dollars ($2,400,000).