27-320. Same; perpetual succession; powers of authority.
27-320
27-320. Same; perpetual succession; powers of authority.The authority shall have perpetual succession subject to the power ofthe city to dissolve the same in the time and manner provided in K.S.A.27-325, and shall have the power:
(a) To adopt, alter and use corporate seal;
(b) To sue and be sued, to prosecute and to defend any action in anycourt of competent jurisdiction;
(c) To receive, purchase, lease, obtain option upon, acquire bycontract or grant, or otherwise acquire, to own, hold, maintain,operate, improve, subdivide, lease, lease for oil and gas purposes anddevelop, and to sell, convey, lease, exchange, transfer, assign, grantoption with respect to, mortgage or otherwise dispose of property;
(d) To enter into contracts to carry out the purposes of theauthority and to execute contracts and other instruments necessary orconvenient to the exercise of any of the powers of the authority;
(e) To acquire, hold and dispose of property without regard to theprovisions of any other laws governing the acquisition, holding anddisposition of public property and public funds by cities and theiragencies;
(f) To adopt, amend and repeal bylaws, rules and regulations notinconsistent with this act governing the manner in which the powers andpurposes of the authority shall be carried out and effected: Provided,however, The same shall become effective upon ratification of thegoverning body of the city;
(g) To select, appoint, employ, discharge or remove such officers,agents, counsel and employees as may be required to carry out and effectthe powers and purposes of the authority and to determine theirqualifications, duties and compensation;
(h) To borrow money and pledge, mortgage or otherwise hypothecateproperty and revenues as security therefor;
(i) To contract with the United States or any of its agencies, thestate of Kansas, any political subdivision thereof and any municipalitytherein with respect to the terms on which the authority may agree topurchase or receive property, including, but not limited to, provisionsfor the purchase of property over a period of years, for payment of thepurchase price or installments thereof in the manner and to the extentrequired, and for pledge of all revenues and income received from thesale or operation of said property after providing for administration,maintenance and operation costs, to payment of the principal of thepurchase price and interest thereon or of any bond issued by theauthority therefor;
(j) To enter into agreements with the city or others for thefurnishing of any utilities, facilities and services owned, maintained,furnished or conducted by the city on such terms and conditions and forsuch considerations as may be agreed upon between the city or others andthe authority;
(k) To distribute to the city any funds not necessary for the properconduct of the affairs of the authority.
History: L. 1965, ch. 117, § 6; April 16.