Legal Opinion
In Re KAR Development Associates, L.P.
United States Bankruptcy Court, D. Kansas
Decided August 5, 1994No. 19-10278PublishedCited by 2 opinions
1Opinion of the Court
MEMORANDUM OPINION
JOHN T. FLANNAGAN, Bankruptcy Judge.
The Kansas Economic Development Revenue Bond Act 1 empowers a city “to issue revenue bonds, the proceeds of which shall be used for the purpose of paying all or part of the cost of purchasing ... facilities for ... commercial development” 2 and “to enter into leases or lease-purchase agreements with any person, firm or corporation for such facilities.” 3 A city exercises the power by ordinance, 4 but it cannot “contract or ... incur any obligation of any kind or nature except such as shall be evidenced by the issuance of revenue bonds…
2Cases cited40 opinions
- Erie Railroad v. TompkinsSupreme Court of the United States · 1938
- Pioneer Investment Services Co. v. Brunswick Associates Ltd. PartnershipSupreme Court of the United States · 1993
- Butner v. United StatesSupreme Court of the United States · 1979
- United Sav. Assn. of Tex. v. Timbers of Inwood Forest Associates, Ltd.Supreme Court of the United States · 1988
- United States v. Whiting Pools, Inc.Supreme Court of the United States · 1983
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3Cited by2 opinions
- In Re HeckUnited States Bankruptcy Court, D. Kansas · 2006
- The Young Men's Christian Association of TopeUnited States Bankruptcy Court, D. Kansas · 2020