3-120.   Joint ownership and operation by cities and counties; contracts.Whenever in the opinion of the governing bodies of two or moremunicipalities, the public safety, service and welfare can be advancedthereby, such governing bodies may own and hold, as tenants in common, andmay acquire by gift, lease, purchase, or otherwise lands for use asairports as herein provided, and may enter into contractsor agreements with each other, duly authorized by such governing bodies fortheir joint operation, control, maintenance, improvement and development,and by contracts authorized as aforesaid, agree upon the amount of generalobligation bonds tobe issued for the purposes in such contracts provided by each of thecontracting municipalities, and the amount of tax levy to be made by eachmunicipality, party to such contracts, if such general obligation bondsare to be issued or taxlevies made.

      History:   L. 1941, ch. 10, § 1; L. 1947, ch. 12, § 2; L. 1976,ch. 11, § 1; July 1.