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12306ORDINANCE NO. 12006 AN ORDINANCE AMENDING SECTIONS 3 -2, 3 -6 AND 3 -7 OF THE CODE OF ORDINANCES OF THE CITY OF LITTLE ROCK, ARKANSAS, SAID SECTIONS DEALING WITH THE LITTLE ROCK MUNICIPAL AIRPORT COMMISSION; AND FOR OTHER PURPOSES. NOW, THEREFORE, BE IT ORDAINED BY THE BOARD OF DIRECTORS OF THE CITY OF LITTLE ROCK, ARKANSAS. SECTION 1. Section 3 -2 of the Code of Ordinances of the City of Little Rock, Arkansas, is hereby amended to read as follows: The commissioners shall be appointed by the City Manager and confirmed by a three - fourths vote of the Board of Directors, and shall hold office for a term of five years, said terms beginning on January 1, and ending on December 31, of the 5th year thereafter. Section 3 -6 of the Code of Ordinances of the City of Little Rock, Arkansas, is hereby amended to read as follows: The commissioners shall keep a record of all revenues and expenditures of the Airport, its related properties and facilities, and shall sub- mit monthly reports to the Mayor and City Board of Directors. It shall be the duty of the Little Rock Airport Commissioners to cause an annual audit of the financial affairs of the Airport to be conducted by certified public accountants. The accountants will prepare an annual audit report showing receipts and disbursements in all the airport funds, the status of the airport's bonded debt, and any other detail necessary to present the complete financial condition of the Airport. Said audit report shall be filed by the Airport Commission with the City Clerk of the City of Little Rock not later than 60 days following close of the previous calendar year. The commissioners shall furnish such other reports, data, and information as may be requested by the City Manager, Mayor, or the City Board of Directors. Section 3 -7 of the Code of Ordinances of the City of Little Rock, Arkansas, is hereby amended to read as follows: The Airport Commissioners shall submit to the City annually, not later than October 15 each year, its budget for the following year, which budget will show its estimated revenue, expenditures, and fund balances for the following year. SECTION 2. This Ordinance shall be in full force and effect from and after its passage. PASSED: December 15, 1969 ATTEST: ity Cler