Each district shall be deemedto be a public body and body politic and corporate exercising public andessential governmental functions to aid counties, cities, towns, incorporatedvillages and airport authorities in constructing and financing aeronauticalfacilities and enhancing the security of airport revenue bonds issued bycounties, cities, towns, incorporated villages and airport authorities, andeach district is hereby authorized and empowered:
(1) To adopt bylaws forthe regulation of its affairs and the conduct of its business not in conflictwith this or other laws;
(2) To adopt an officialseal and alter the same at pleasure;
(3) To maintain anoffice at such place or places in the district as it may designate;
(4) To sue and be suedin its own name, plead and be impleaded;
(5) To acquire in thename of the district by gift, purchase or exercise of the power of eminentdomain any improved or unimproved lands or rights‑in‑land and makea conveyance thereof to a county, city, town, incorporated village or airportauthority for use as or in connection with aeronautical facilities;
(6) To enter intocontracts with any person, firm or corporation, public or private, or anyairport authority or other public authority or governmental entity, upon suchterms as the district board may determine with respect to aeronauticalfacilities owned or operated by counties, cities, towns, incorporated villagesor airport authorities;
(7) To lend to anyairport authority heretofore or hereafter created by statute such sum or sumsof money and at such rate of interest and upon such other terms as the districtand the airport authority shall contract and agree upon, for the purpose ofestablishing, enlarging, improving, or maintaining any airport under thecontrol of such airport authority;
(8) To issue bonds orother obligations of the district as hereinafter provided and apply theproceeds thereof to the financing of aeronautical facilities owned or operatedby counties, cities, towns, incorporated villages or airport authorities or tothe retirement of bonds theretofore issued by such units for such purposes orby the district and to refund, whether or not in advance of maturity or theearliest redemption date, any such bonds or other obligations;
(9) To levy for the lifeof airport revenue bonds issued by counties, cities, towns, incorporatedvillages or airport authorities an annual property tax for operatingsupplements or debt service reserved supplements as hereinafter provided;
(10) To cause taxes to belevied and collected upon all taxable property within the district sufficientto meet the obligations of the district; and
(11) To do all acts andthings necessary or convenient to carry out the powers granted by this Article.(1979, c. 689, s. 6.)
Each district shall be deemedto be a public body and body politic and corporate exercising public andessential governmental functions to aid counties, cities, towns, incorporatedvillages and airport authorities in constructing and financing aeronauticalfacilities and enhancing the security of airport revenue bonds issued bycounties, cities, towns, incorporated villages and airport authorities, andeach district is hereby authorized and empowered:
(1) To adopt bylaws forthe regulation of its affairs and the conduct of its business not in conflictwith this or other laws;
(2) To adopt an officialseal and alter the same at pleasure;
(3) To maintain anoffice at such place or places in the district as it may designate;
(4) To sue and be suedin its own name, plead and be impleaded;
(5) To acquire in thename of the district by gift, purchase or exercise of the power of eminentdomain any improved or unimproved lands or rights‑in‑land and makea conveyance thereof to a county, city, town, incorporated village or airportauthority for use as or in connection with aeronautical facilities;
(6) To enter intocontracts with any person, firm or corporation, public or private, or anyairport authority or other public authority or governmental entity, upon suchterms as the district board may determine with respect to aeronauticalfacilities owned or operated by counties, cities, towns, incorporated villagesor airport authorities;
(7) To lend to anyairport authority heretofore or hereafter created by statute such sum or sumsof money and at such rate of interest and upon such other terms as the districtand the airport authority shall contract and agree upon, for the purpose ofestablishing, enlarging, improving, or maintaining any airport under thecontrol of such airport authority;
(8) To issue bonds orother obligations of the district as hereinafter provided and apply theproceeds thereof to the financing of aeronautical facilities owned or operatedby counties, cities, towns, incorporated villages or airport authorities or tothe retirement of bonds theretofore issued by such units for such purposes orby the district and to refund, whether or not in advance of maturity or theearliest redemption date, any such bonds or other obligations;
(9) To levy for the lifeof airport revenue bonds issued by counties, cities, towns, incorporatedvillages or airport authorities an annual property tax for operatingsupplements or debt service reserved supplements as hereinafter provided;
(10) To cause taxes to belevied and collected upon all taxable property within the district sufficientto meet the obligations of the district; and
(11) To do all acts andthings necessary or convenient to carry out the powers granted by this Article.(1979, c. 689, s. 6.)
Each district shall be deemedto be a public body and body politic and corporate exercising public andessential governmental functions to aid counties, cities, towns, incorporatedvillages and airport authorities in constructing and financing aeronauticalfacilities and enhancing the security of airport revenue bonds issued bycounties, cities, towns, incorporated villages and airport authorities, andeach district is hereby authorized and empowered:
(1) To adopt bylaws forthe regulation of its affairs and the conduct of its business not in conflictwith this or other laws;
(2) To adopt an officialseal and alter the same at pleasure;
(3) To maintain anoffice at such place or places in the district as it may designate;
(4) To sue and be suedin its own name, plead and be impleaded;
(5) To acquire in thename of the district by gift, purchase or exercise of the power of eminentdomain any improved or unimproved lands or rights‑in‑land and makea conveyance thereof to a county, city, town, incorporated village or airportauthority for use as or in connection with aeronautical facilities;
(6) To enter intocontracts with any person, firm or corporation, public or private, or anyairport authority or other public authority or governmental entity, upon suchterms as the district board may determine with respect to aeronauticalfacilities owned or operated by counties, cities, towns, incorporated villagesor airport authorities;
(7) To lend to anyairport authority heretofore or hereafter created by statute such sum or sumsof money and at such rate of interest and upon such other terms as the districtand the airport authority shall contract and agree upon, for the purpose ofestablishing, enlarging, improving, or maintaining any airport under thecontrol of such airport authority;
(8) To issue bonds orother obligations of the district as hereinafter provided and apply theproceeds thereof to the financing of aeronautical facilities owned or operatedby counties, cities, towns, incorporated villages or airport authorities or tothe retirement of bonds theretofore issued by such units for such purposes orby the district and to refund, whether or not in advance of maturity or theearliest redemption date, any such bonds or other obligations;
(9) To levy for the lifeof airport revenue bonds issued by counties, cities, towns, incorporatedvillages or airport authorities an annual property tax for operatingsupplements or debt service reserved supplements as hereinafter provided;
(10) To cause taxes to belevied and collected upon all taxable property within the district sufficientto meet the obligations of the district; and
(11) To do all acts andthings necessary or convenient to carry out the powers granted by this Article.(1979, c. 689, s. 6.)
