The Board shall have the following powers and authority:
(a) To make long range plans for the operation and improvement of the airport for presentation to the governing body;
(b) To have the power to rent and lease airport hangar structures on a month to month basis;
(c) To spend such funds as are delegated to it by the governing body and as are collected from rents for the maintenance, upkeep and improvement of the airport; and
(d) To, with the approval of the governing body, make and adopt rules and regulations for the administration of the airport.
(Ord. 883, passed - -)