Ch. 67             1997 Session Laws of Kansas             275

An Act concerning Kansas state university, authorizing the state board of regents to convey
title to certain real estate located in Clay and Washington counties; providing for the
disposition of proceeds.

Be it enacted by the Legislature of the State of Kansas:

Section 1. (a) The state board of regents is hereby authorized and
empowered, for and on behalf of Kansas state university of agriculture
and applied science, to convey by warranty deed all of the right, title and
interest in the Clay county tract and in the Washington county tract, which
were both bequeathed to Kansas state university of agriculture and ap-
plied science from the estate of Della M. Serles, deceased, and which
were received by the Kansas state university endowment association, inc.,
as recited in the order of final distribution of the estate by the district
court of Clay county, Kansas, case no. 8528.

(b) The state board of regents shall convey by warranty deed the title
to the Clay county tract to the purchaser thereof in accordance with the
agreement to sell the Clay county tract which was entered into by Kansas
state university foundation prior to the effective date of this act and shall
convey by warranty deed the title to the Washington county tract to the
purchaser thereof in accordance with the agreement to sell the Washing-
ton county tract which was entered into by the Kansas state university
foundation prior to the effective date of this act. Prior to execution, each
such warranty deed shall be reviewed and approved by the attorney gen-
eral as to form and legality. The proceeds from the sales of the Clay county
tract and the Washington county tract, and any earnings thereon, shall be
transferred and credited to an account in the name of Kansas state uni-
versity of agriculture and applied science under an investment agency
agreement with the Kansas state university foundation pursuant to K.S.A.
76-156a, and amendments thereto.

(c) As used in this section,

(1) ``Clay county tract'' means: The Northwest Quarter (NW1/4) of
the Northeast Quarter (NE1/4) of Section Four (4), Township Six (6)
South, Range Three (3) East of the 6th P.M., and; the Southwest Quarter
(SW1/4) of the Northeast Quarter (NE1/4) and forty (40) acres off the East
side of the Northwest Quarter (NW1/4), all in Section Four (4), Township
Six (6) South, Range Three (3) East of the 6th P.M., Clay County, Kansas;
and

276             1997 Session Laws of Kansas             Ch. 67

(2) ``Washington county tract'' means: The South Half (S1/2) of the
Northeast Quarter (NE1/4) and the Southeast Quarter (SE1/4) of Section
Thirty-three (33), Township Four (4) South, Range Five (5) East of the
6th P.M., containing 240 acres, more or less; and Lots No. One (1) and
No. Two (2) in the West Half (W1/2) of the Northeast Quarter (NE1/4) of
Section Four (4), Township Five (5) South, Range Five (5) East of the
6th P.M. described as follows: Lot No. One (1) being a one acre tract of
land in the West Half (W1/2) of the Northeast Quarter (NE1/4) of said
Section Four (4) lying North of Coon Creek, and Lot No. Two (2) being
four acres out of the Northwest Quarter (NW1/4) of the Northeast Quarter
(NE1/4) of said Section Four (4) lying North of Coon Creek, and all five
acres, more or less, Washington County, Kansas.

Sec. 2. This act shall take effect and be in force from and after its
publication in the Kansas register.

Approved April 7, 1997.

Published in the Kansas Register: April 17, 1997.