Creation.

One or more municipalities may provide by ordinance for the creation of an airport authority in the manner and for the purposes provided under this chapter . The authority shall be created by agreement adopted by ordinance between two or more municipalities, or by ordinance of a single municipality. An authority is a public instrumentality and public body corporate to be known as “ ................ Airport Authority”. An airport authority may exercise its jurisdiction, powers, and duties as set forth in this chapter . Provisions for the disposition of the authority’s rights and properties in the event of dissolution of the authority shall be set forth in the agreement or ordinance creating the authority. [C71, 73, 75, 77, 79, 81, §330A.3 ] 89 Acts, ch 182, §2