The Airport Commission is authorized to accept, receive and receipt for Federal and State monies and other monies, public or private, for the acquisition, construction, enlargement, improvement, maintenance, equipping and operation of the Mason City Municipal Airport and other air navigation facilities and sites therefor, and to comply with provisions of the laws of the United States and of the State of Iowa, and any rules and regulations made thereunder, for the expenditure of Federal or State monies upon the Mason City Municipal Airport or other air navigation facilities. (Ord. 1333, 7-21-1975)