3-144k.   Same; deposit of proceeds; use of funds.Funds derived from the sale of said real estate as hereinbeforeauthorized may be deposited in a special airport fund, and said city mayuse proceeds from said sale or sales at any time within five (5) years fromthe date of the resolution of the governing body of said city finding thatan existing airport or field is no longer needed, suitable, adaptable orfeasible, to purchase land for another airport or field for aviationpurposes, but, if another airport or field for aviation purposes is notpurchased within said five (5) years' time or at any time after depositingthe same in a special airport fund, the governing body of said city shallnot deem it necessary to maintain said special fund, then said proceedsfrom said sale, shall be placed in the general fund of said city.

      History:   L. 1963, ch. 11, § 4; March 23.