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10  AN ACT concerning Kansas state university, authorizing the state board
11    of regents to convey title to certain real estate located in Clay and
12    Washington counties; providing for the disposition of proceeds.
13
14  Be it enacted by the Legislature of the State of Kansas:
15    Section 1.  (a) The state board of regents is hereby authorized and
16  empowered, for and on behalf of Kansas state university of agriculture
17  and applied science, to convey by warranty deed all of the right, title and
18  interest in the Clay county tract and in the Washington county tract, which
19  were both bequeathed to Kansas state university of agriculture and ap-
20  plied science from the estate of Della M. Serles, deceased, and which
21  were received by the Kansas state university endowment association, inc.,
22  as recited in the order of final distribution of the estate by the district
23  court of Clay county, Kansas, case no. 8528.
24    (b)  The state board of regents shall convey by warranty deed the title
25  to the Clay county tract to the purchaser thereof in accordance with the
26  agreement to sell the Clay county tract which was entered into by Kansas
27  state university foundation prior to the effective date of this act and shall
28  convey by warranty deed the title to the Washington county tract to the
29  purchaser thereof in accordance with the agreement to sell the Washing-
30  ton county tract which was entered into by the Kansas state university
31  foundation prior to the effective date of this act. Prior to execution, each
32  such warranty deed shall be reviewed and approved by the attorney gen-
33  eral as to form and legality. The proceeds from the sales of the Clay county
34  tract and the Washington county tract, and any earnings thereon, shall be
35  transferred and credited to an account in the name of Kansas state uni-
36  versity of agriculture and applied science under an investment agency
37  agreement with the Kansas state university endowment foundation, inc.,
38  pursuant to K.S.A. 76-156a, and amendments thereto.
39    (c)  As used in this section,
40    (1)  ``Clay county tract'' means: The Northwest Quarter (NW 1/4) of
41  the Northeast Quarter (NE 1/4) of Section Four (4), Township Six (6)
42  South, Range Three (3) East of the 6th P.M., and; the Southwest Quarter
43  (SW 1/4) of the Northeast Quarter (NE 1/4) and forty (40) acres off the East
HB 2389--Am.
                                     

 1  side of the Northwest Quarter (NW 1/4), all in Section Four (4), Township
 2  Six (6) South, Range Three (3) East of the 6th P.M., Clay County, Kansas;
 3  and
 4    (2)  ``Washington county tract'' means: The South Half (S 1/2) of the
 5  Northeast Quarter (NE 1/4) and the Southeast Quarter (SE 1/4) of Section
 6  Thirty-three (33), Township Four (4) South, Range Five (5) East of the
 7  6th P.M., containing 240 acres, more or less; and Lots No. One (1) and
 8  No. Two (2) in the West Half (W 1/2) of the Northeast Quarter (NE 1/4) of
 9  Section Four (4), Township Five (5) South, Range Five (5) East of the
10  6th P.M. described as follows:  Lot No. One (1) being a one acre tract of
11  land in the West Half (W 1/2) of the Northeast Quarter (NE 1/4) of said
12  Section Four (4) lying North of Coon Creek, and Lot No. Two (2) being
13  four acres out of the Northwest Quarter (NW 1/4) of the Northeast Quarter
14  (NE 1/4) of said Section Four (4) lying North of Coon Creek, and all five
15  acres, more or less, Washington County, Kansas.
16    Sec. 2.  This act shall take effect and be in force from and after its
17  publication in the Kansas register.