27-319.Ordinance forcreation; public corporation; rights andimmunities; tax exemptions; control; board of directors, appointment,terms, vacancies; expenses; transfer of property of city to authority.(a) The governing body of any city to which this act applies is herebyauthorized to establish and create, by adoption of an appropriateordinance citing this act, an authority as herein provided to acquire,own, maintain, operate, improve, develop, lease and dispose of propertyin furtherance of the provisions of this act. An authority created hereundershall have all of the powers, and only the powers, prescribed by this act.Such authority shall be abody corporate and politic constituting a public corporation and atax-supported institution, agency and organization. Except as provided insubsection (b),such authority shall have the same immunities and exemptions fromthe payment of costs, damages,charges, taxes and fees as are granted to the city.Such authority shallbe managed and controlled by a board of directors consisting of fivedirectors to be appointed by the governing body of the city. The originalboard of directors ofthe authority shall be appointed at the time of the creation of theauthority. One of such directors shall be appointed for a term ofthree years, two for a term of two years and two for a term ofone year, with the term of office of each such director to commenceon the date of appointment. Each ofthe directors shall serveuntil the expiration of such person's term and until a successor is appointed.The governing body of the city shall appoint successors to the originaland succeeding directors as the respective term of each expires, each ofwhom shall serve for a term of three years and untila successoris appointed. No director shall serve as a director for more than eightconsecutive years. Vacancies shall befilled for unexpired terms. Any director may be removed by a majorityvote of the governing body of the city from office for reasonable cause.The directors shall not be compensated for services rendered as suchdirectors but shall be reimbursed in carrying out their duties as suchdirectors.
(b) (1) For all taxable years commencing after December 31, 1988, theSalina airport authority shall be exempt from the payment of advalorem taxes levied by the state and any other political or taxingsubdivision of thestate on property owned by it prior to and on January 1, 1989, and which islocatedwithin the corporate limits of the city creating the authority.All property taxes, including any penalties and interest accrued thereon,imposed upon any property herein described for all taxable years commencingprior to January 1, 1989, are hereby declared to be cancelled.
(2) For all taxable years commencing after December 31, 1991, the Prattairport authority shall be exempt from the payment of ad valorem taxes leviedby the state and any other political or taxing subdivision of the state onproperty owned by it prior to and on January 1, 1992, and which is locatedwithin the corporate limits of the city creating the authority. All propertytaxes, including any penalties and interest accrued thereon, imposed upon anyproperty herein described for all taxable years commencing prior to January 1,1992, are hereby declared to be cancelled.
(c) Upon the creation of an authority hereunder, the governing body ofthe city shall transfer all property and any funds belonging to the cityor to which the city may be entitled, which are to be used foror are necessary for the operation of a public airport, to the authoritycreated hereunder.
History: L. 1965, ch. 117, § 5; L. 1970, ch. 366, § 17; L. 1978,ch. 148, § 13;L. 1989, ch. 113, § 1;L. 1992, ch. 171, § 2; July 1.
27-319.Ordinance forcreation; public corporation; rights andimmunities; tax exemptions; control; board of directors, appointment,terms, vacancies; expenses; transfer of property of city to authority.(a) The governing body of any city to which this act applies is herebyauthorized to establish and create, by adoption of an appropriateordinance citing this act, an authority as herein provided to acquire,own, maintain, operate, improve, develop, lease and dispose of propertyin furtherance of the provisions of this act. An authority created hereundershall have all of the powers, and only the powers, prescribed by this act.Such authority shall be abody corporate and politic constituting a public corporation and atax-supported institution, agency and organization. Except as provided insubsection (b),such authority shall have the same immunities and exemptions fromthe payment of costs, damages,charges, taxes and fees as are granted to the city.Such authority shallbe managed and controlled by a board of directors consisting of fivedirectors to be appointed by the governing body of the city. The originalboard of directors ofthe authority shall be appointed at the time of the creation of theauthority. One of such directors shall be appointed for a term ofthree years, two for a term of two years and two for a term ofone year, with the term of office of each such director to commenceon the date of appointment. Each ofthe directors shall serveuntil the expiration of such person's term and until a successor is appointed.The governing body of the city shall appoint successors to the originaland succeeding directors as the respective term of each expires, each ofwhom shall serve for a term of three years and untila successoris appointed. No director shall serve as a director for more than eightconsecutive years. Vacancies shall befilled for unexpired terms. Any director may be removed by a majorityvote of the governing body of the city from office for reasonable cause.The directors shall not be compensated for services rendered as suchdirectors but shall be reimbursed in carrying out their duties as suchdirectors.
(b) (1) For all taxable years commencing after December 31, 1988, theSalina airport authority shall be exempt from the payment of advalorem taxes levied by the state and any other political or taxingsubdivision of thestate on property owned by it prior to and on January 1, 1989, and which islocatedwithin the corporate limits of the city creating the authority.All property taxes, including any penalties and interest accrued thereon,imposed upon any property herein described for all taxable years commencingprior to January 1, 1989, are hereby declared to be cancelled.
(2) For all taxable years commencing after December 31, 1991, the Prattairport authority shall be exempt from the payment of ad valorem taxes leviedby the state and any other political or taxing subdivision of the state onproperty owned by it prior to and on January 1, 1992, and which is locatedwithin the corporate limits of the city creating the authority. All propertytaxes, including any penalties and interest accrued thereon, imposed upon anyproperty herein described for all taxable years commencing prior to January 1,1992, are hereby declared to be cancelled.
(c) Upon the creation of an authority hereunder, the governing body ofthe city shall transfer all property and any funds belonging to the cityor to which the city may be entitled, which are to be used foror are necessary for the operation of a public airport, to the authoritycreated hereunder.
History: L. 1965, ch. 117, § 5; L. 1970, ch. 366, § 17; L. 1978,ch. 148, § 13;L. 1989, ch. 113, § 1;L. 1992, ch. 171, § 2; July 1.
27-319.Ordinance forcreation; public corporation; rights andimmunities; tax exemptions; control; board of directors, appointment,terms, vacancies; expenses; transfer of property of city to authority.(a) The governing body of any city to which this act applies is herebyauthorized to establish and create, by adoption of an appropriateordinance citing this act, an authority as herein provided to acquire,own, maintain, operate, improve, develop, lease and dispose of propertyin furtherance of the provisions of this act. An authority created hereundershall have all of the powers, and only the powers, prescribed by this act.Such authority shall be abody corporate and politic constituting a public corporation and atax-supported institution, agency and organization. Except as provided insubsection (b),such authority shall have the same immunities and exemptions fromthe payment of costs, damages,charges, taxes and fees as are granted to the city.Such authority shallbe managed and controlled by a board of directors consisting of fivedirectors to be appointed by the governing body of the city. The originalboard of directors ofthe authority shall be appointed at the time of the creation of theauthority. One of such directors shall be appointed for a term ofthree years, two for a term of two years and two for a term ofone year, with the term of office of each such director to commenceon the date of appointment. Each ofthe directors shall serveuntil the expiration of such person's term and until a successor is appointed.The governing body of the city shall appoint successors to the originaland succeeding directors as the respective term of each expires, each ofwhom shall serve for a term of three years and untila successoris appointed. No director shall serve as a director for more than eightconsecutive years. Vacancies shall befilled for unexpired terms. Any director may be removed by a majorityvote of the governing body of the city from office for reasonable cause.The directors shall not be compensated for services rendered as suchdirectors but shall be reimbursed in carrying out their duties as suchdirectors.
(b) (1) For all taxable years commencing after December 31, 1988, theSalina airport authority shall be exempt from the payment of advalorem taxes levied by the state and any other political or taxingsubdivision of thestate on property owned by it prior to and on January 1, 1989, and which islocatedwithin the corporate limits of the city creating the authority.All property taxes, including any penalties and interest accrued thereon,imposed upon any property herein described for all taxable years commencingprior to January 1, 1989, are hereby declared to be cancelled.
(2) For all taxable years commencing after December 31, 1991, the Prattairport authority shall be exempt from the payment of ad valorem taxes leviedby the state and any other political or taxing subdivision of the state onproperty owned by it prior to and on January 1, 1992, and which is locatedwithin the corporate limits of the city creating the authority. All propertytaxes, including any penalties and interest accrued thereon, imposed upon anyproperty herein described for all taxable years commencing prior to January 1,1992, are hereby declared to be cancelled.
(c) Upon the creation of an authority hereunder, the governing body ofthe city shall transfer all property and any funds belonging to the cityor to which the city may be entitled, which are to be used foror are necessary for the operation of a public airport, to the authoritycreated hereunder.
History: L. 1965, ch. 117, § 5; L. 1970, ch. 366, § 17; L. 1978,ch. 148, § 13;L. 1989, ch. 113, § 1;L. 1992, ch. 171, § 2; July 1.
