§ 91.055 CLUB AIRCRAFT.
   Any club aircraft based on the city airport to be classified as private aircraft must be wholly owned and operated by a nonprofit partnership or not-for-profit corporation and each club member must be a bona fide owner of a part of the aircraft or a share of the corporation. It shall be the burden of the club and the members thereof, or the owners of the shares therein to establish and maintain its qualifications under this rule. An up-to-date list of members must be kept on file with the city to maintain the status. An aircraft with a long-term lease with exclusive use possession right vested in the flying club entity may also be authorized.
(1990 Code, § 5-86) (Ord. 70-92, passed 7-20-1970; Ord. 75-416, passed 12-15-1975)