§ 15-7-112 — Borrowing and issuance of bonds for airports; generally

In addition to all other powers, a city or town may borrow money
and issue coupon bonds in an amount not exceeding, at one (1)
time, four percent (4%) of the assessed valuation of the city or
town to acquire, lease, purchase, equip, develop, improve or
enlarge municipal airports, landing fields or other air
navigation facilities. The bonds shall be of the denomination
of five hundred dollars ($500.00), or multiples thereof, and
bear interest at a rate payable semiannually, at the place and
in the manner provided by the governing body. The bonds shall
be in serial form with last maturity not more than thirty (30)
years after the date of issue. The bonds are redeemable at a
time designated by the governing body as provided in W.S.