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ORDINANCE NO. 8569.
I AN ORDINANCE VESTI17 G CONTROL, POSSESSION AND CHARGE OF
j THE LITTLE ROCK MUNICIPAL AIRPORT FACILITIES AND RELATED
PROPERTY IN THE LITTLE ROCK AIRPORT COIv iISSION, TRANSFER-
RING AIRPORT FUNDS HELD IN THE CITY CLERK'S OFFICE TO THE
AIRPORT COMMISSION, DESIGNATING THE AIRPORT COMMISSION AS
THE PARTY IN SUCCESSION TO ANY COIv`'RACTS NOW IN FORCE
BETWEEN THE CITY OF LITTLE ROCK AND THIRD PARTIES, AND
DESIGNATING THE AIRPORT COMMISSION AS THE BODY TO RECEIVE
FUNDS DUE OR GRANTS MADE BY THE AGENCIES OF FEDERAL OR
STATE GOVERNMENTS WHICH ARE NOW DUE OR MAY BE GRANTED IN.
THE FUTURE, AND FOR OTHER PURPOSES.
VVIEREAS)by Act 53 of the Arkansan Legislature of 1949,
cities of the first class are granted the power to set up airport
commissions for the purpose of conducting the business of municipal
air?orts, and
WHEREAS,on i4ovember 7, 1950, the electorate of the City
8511
of Little Rock passed Initiated Ordinance No.f setting up the
Little Rock Municipal Airport Commission, and
WHEREAS
� said Commission has been duly set up pursuant
to the provisions of said Ordinance, and
WHEREAS under Act
53
of the Acts
of .Arkansas of 1949. .
the Mayor and City Council
are
required to
execute such instruments
and enact such measures as may be necessary to vest complete charge
of said municipally owned airport, and its related properties and
facilities, in the Commissioners heretofore appointed, and
T "TFH;'REAS j at the present time there is in the hands of the
City Clerk of Little Rock a fund in the sum of One Hundred and Ten
Thousand, Eight Hundred and Eighty -Nine Dollars and Fifty -One Cents
($110,889.51) known as the Airport Improvement Fund, and
WHEREASP the City of Little Rock has previously entered
into contracts with third parties for the benefit of and the
operation and improvement of said airport, and
WHEREAS there are due for the benefit of said airport
certain funds which have been designated, granted or allowed as
owed to the City of Little Rock, Arkansas, for the benefit of said
municipal airport,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF LITTLE ROCK,
ARKANSAS:
SECTION 1. That complete control, possession and charge
-2-
of the Little Rock Municipal Airport facilities and related
properties, be and the same are hereby vested in the Little Rock
Airport Commission.
I' SECTION 2. That the Municipal Airport Improvement Fund
1
j now in the hands of the City Clerk of Little Rock, amounting to
the sum of One Hundred and Ten Thousand, Eight Hundred and Eighty -
Nine Dollars and Fifty -One Cents ($110,889.51), shall be trans-
ferred and turned over to the Little Rock.Airport Commission by
the City Clerk upon their receinting him for said funds.
I
SECTION 3. The Airport Commission is hereby designated
as the party in succession to all contracts entered into for the
benefit of the Little Rock Municipal Airport by the City of Little
Rock.
SECTION 4. The Airport Commission is further designated
as the party in succession to any and all funds, both Federal and
State, which have heretofore or may hereafter be granted to the
City of Little Rock, Arkansas, for the pur -nose of improving the
Little Rock Municipal Airport.
SECTION 5. The Airport Commission is further designated
as the party in succession to the City of Little Rock to receive
any and all liquidated damages to the airport which have been here-
tofore agreed upon by the City of Little Rock and other parties.
SECTION 6. The Airport Commission is further designated
as the party in succession -to any and all rights of action which
the City of Little Rock, Arkansas, may have acquired in operation
of said airport.
SECTION 7. All ordinances or parts of ordinances in
conflict herewith are hereby repealed.
SECTION 8. This ordinance shall be in full force and
effect from and after January 15, 1951.
PASSED: January 15, 1951•
ATTEST :
City Clerk
APPROVED:
All'aayor