3-152. Bonds for additional facilities in certain cities under 80,000.
3-152
3-152. Bonds for additional facilities in certain cities under 80,000.
The governing body of any city of the first class having a population of
less than eighty thousand (80,000) and which maintains two (2) or more
municipal airports is hereby authorized and empowered to issue the general
obligation bonds of such city in an amount not exceeding fifty thousand
dollars ($50,000) for the purpose of providing funds to be used to
construct and equip new hangars and to provide other facilities at one of
the airports of such city and to move at least one hangar from one airport
to another and to reconstruct and re-equip the hangar or hangars so moved.
Such bonds shall be issued, registered, sold, delivered and retired in
accordance with the provisions of the general bond law.
History: L. 1955, ch. 12, § 1; March 15.