§ 1.8. Airport funds.

The Tulsa Airport Authority shall operate any and all airports as a separate utility and may accept funds from any source for or in aid of the acquisition, operation, maintenance, development, and improvement of the airports and air navigation facilities of the city. All such funds and all income and revenue derived from the operation of airports and airport facilities and from property acquired for airport purposes shall be deposited with the City Treasurer to the credit of the Airport Fund and shall be paid out only upon the order of the Tulsa Airport Authority; provided, that nothing herein shall be deemed to prohibit compliance with requirements made prior or subsequent to the effective date of this amended Charter for airport bond retirement purposes. No funds shall be paid out of the Airport Fund and no funds shall be paid from accounts now or hereafter created from the proceeds of the sale of bonds for airport purposes except on warrants signed by the Chairman or Vice Chairman of the Tulsa Airport Authority and countersigned by the Mayor.