3-408.Certain second-class cities authorized to use moneys derived
from joint operation of airport for industrial building; lease.
The provisions of this act shall apply to any two (2) cities of the
second class which own and hold as tenants in common lands which are used
as an airport, and which airport is jointly operated, controlled, and
maintained by such cities. Whenever, in the opinion of the governing bodies
of such two (2) cities, the public services and welfare can be advanced
thereby, such governing bodies may use any moneys which have been derived
from the joint operation of an airport which they shall determine are not
necessary to be used for the joint operation, control, maintenance,
improvement, or development of such airport, for the construction,
equipment, and maintenance of a building to be used for industrial
purposes, which building shall be located on part of the lands owned or
acquired for airport purposes, but which portion of land is not needed for
airport purposes. The governing bodies of such cities may jointly lease any
industrial building so constructed and equipped for such terms and upon
such conditions as the governing bodies of such cities jointly shall fix.
The governing bodies of such cities may enter into contracts or agreements
with each other, duly authorized by such governing bodies, for their joint
construction, equipment, maintenance, operation, control, and improvement
of any such industrial building.
3-408.Certain second-class cities authorized to use moneys derived
from joint operation of airport for industrial building; lease.
The provisions of this act shall apply to any two (2) cities of the
second class which own and hold as tenants in common lands which are used
as an airport, and which airport is jointly operated, controlled, and
maintained by such cities. Whenever, in the opinion of the governing bodies
of such two (2) cities, the public services and welfare can be advanced
thereby, such governing bodies may use any moneys which have been derived
from the joint operation of an airport which they shall determine are not
necessary to be used for the joint operation, control, maintenance,
improvement, or development of such airport, for the construction,
equipment, and maintenance of a building to be used for industrial
purposes, which building shall be located on part of the lands owned or
acquired for airport purposes, but which portion of land is not needed for
airport purposes. The governing bodies of such cities may jointly lease any
industrial building so constructed and equipped for such terms and upon
such conditions as the governing bodies of such cities jointly shall fix.
The governing bodies of such cities may enter into contracts or agreements
with each other, duly authorized by such governing bodies, for their joint
construction, equipment, maintenance, operation, control, and improvement
of any such industrial building.
3-408.Certain second-class cities authorized to use moneys derived
from joint operation of airport for industrial building; lease.
The provisions of this act shall apply to any two (2) cities of the
second class which own and hold as tenants in common lands which are used
as an airport, and which airport is jointly operated, controlled, and
maintained by such cities. Whenever, in the opinion of the governing bodies
of such two (2) cities, the public services and welfare can be advanced
thereby, such governing bodies may use any moneys which have been derived
from the joint operation of an airport which they shall determine are not
necessary to be used for the joint operation, control, maintenance,
improvement, or development of such airport, for the construction,
equipment, and maintenance of a building to be used for industrial
purposes, which building shall be located on part of the lands owned or
acquired for airport purposes, but which portion of land is not needed for
airport purposes. The governing bodies of such cities may jointly lease any
industrial building so constructed and equipped for such terms and upon
such conditions as the governing bodies of such cities jointly shall fix.
The governing bodies of such cities may enter into contracts or agreements
with each other, duly authorized by such governing bodies, for their joint
construction, equipment, maintenance, operation, control, and improvement
of any such industrial building.