A public museum of the city is established for the purpose of disseminating knowledge and appreciation of art, sport and history of hot air ballooning and lighter than air flight, by establishing and maintaining a museum and related facilities in the City of Albuquerque; by collecting and preserving objects of cultural and historic interest; by aiding in protecting historic and contemporary ballooning related objects from needless destruction; by providing facilities for research and publication; by offering instruction and opportunities for enjoyment to the public; and by encouraging continued excellence of the cultural life of the community.