Kansas Statutes 12-1749b. Issuance of revenue bonds; certain purposes prohibited
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Terms Used In Kansas Statutes 12-1749b
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
- Property: includes personal and real property. See Kansas Statutes 77-201
No revenue bonds shall be issued under authority of Kan. Stat. Ann. §§ 12-1740 to 12-1749a, inclusive, and amendments thereto, in which all or part of the proceeds of such bond issue are to be used to purchase, acquire, construct, reconstruct, improve, equip, furnish, repair, enlarge or remodel property for any swine production facility on agricultural land which is owned, acquired, obtained or leased by a corporation. As used in this section, “corporation,” “agricultural land” and “swine production facility” have the meanings respectively ascribed thereto by Kan. Stat. Ann. § 17-5903, and amendments thereto.