The management of said corporation shall be vested in a board of five directors, to be appointed by the mayor and confirmed by the board of aldermen, one of whom shall be designated as chairman. Not more than three of such members shall be of the same political party. [A-1204] The Nashua airport authority shall be a corporation in the state of New Hampshire and shall have the power: to sue and be sued; to have a seal and alter the same at pleasure; to adopt form time to time and amend bylaws covering its procedure, rules and regulations governing use of non-federal air navigation facilities and any other services made available in connection therewith, to publish the same, if such publication is necessary or advisable and to cause records of its proceedings to be kept; to own, construct, maintain, reconstruct, develop and operate airports or other air navigation facilities and may do so jointly with the United States, State of New Hampshire, other states or with cities and towns of the state; to extend, enlarge, improve, rehabilitate, lease as lessor or as lessee, maintain, repair, and operate all projects under its control; to acquire, hold and dispose of personal property for its purposes; to acquire in the name of the authority by purchase, condemnation lease or otherwise, any real property and rights or easements therein, deemed by it necessary or desirable for its purposes, and to use such property as it may deem necessary; to acquire real property by the exercise of the powers of condemnation in the manner provided by law by which towns and cities, or the governor and council are authorized to acquire real property for public purposes; to sell or lease plots of land and to charge and collect fees for services made available in connection with a non-federal air navigation facility or in the development of non-aviation revenue; to make contracts with the United States, the state of New Hampshire, public and private corporations and individuals; to accept grants and the co-operation of the United States or any agency thereof in the construction, maintenance, reconstruction, operation and financing of airports and other air navigation facilities and to do any and all things necessary in order to avail itself of such aid and cooperation; to employ such assistants, agents and servants as it shall deem necessary desirable for its purposes; to borrow money, make and issue negotiable notes, bonds, and other evidences of indebtedness or obligations of the authority to secure payment of such obligations or any part thereof by pledge of any part of the, or the entire, revenue of the authority; to do all other lawful things necessary and incidental to the foregoing powers; to certify annually to the mayor and board of aldermen the amount of tax recommended to be levied for airport purposes, not to exceed one mill on the dollar upon the assessed valuation of the taxable property in the city and the mayor and board of aldermen may levy and collect the taxes so certified at the same time and in the same manner as other city taxes are levied and collected and the proceeds of such taxes when and as collected shall be set aside and deposited in the aeronautical fund authorized in the following paragraph; to establish an aeronautical fund in accordance with the provisions of RSA 423:6, 7 and 8. [A-1205]
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