2.260.060 Administration of property.
Pursuant to K.S.A. 12-5907 and amendments thereto, the Board shall assume possession and control of any property acquired by it and shall hold and administer such property. In the administration of property, the Board shall:
(a) Manage, maintain and protect or temporarily use for a public purpose such property in the manner the Board deems appropriate;
(b) Compile and maintain a written inventory of such property;
(c) Study, analyze and evaluate potential, present and future uses for such property which would provide for its effective reutilization;
(d) Plan for and use the Board’s best efforts to consummate a sale or other disposition of Bank property upon such terms and conditions deemed appropriate, except that the Board shall not transfer any property to be utilized as rental property; and
(e) Sell property acquired by the Bank upon such terms and conditions allowed by K.S.A. 12-5908 and amendments thereto. (Ord. 20426 § 6, 5-16-23.)