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Authorizing each city, town, village, county, and conservation district, including each river authority, to acquire, construct, and improve or cause to be acquired, constructed, and improved air control facilities, acquire interests in land, and enter into leases or other contracts with persons whereby such persons shall use and or acquire such air control facilities; authorizing each to issue, sell, and deliver revenue bonds to provide funds for such purposes; prescribing the terms of the bonds; providing for the bonds to be issued in one or more series; authorizing the issuer to fix and from time to time revise payments under leases and other contracts for use or acquisition of the facilities of the issuer; asking provisions in the event of default or threatened default in the payment of bonds; providing that the bonds shall be special obligations of the issuer; providing for a mandatory election in which qualified electors approve or deny the issuance of bonds; authorizing the refunding of the bonds; authorizing the securing of the bonds by trust indentures; providing for the approval of the bonds and leases or other contracts by the attorney general; providing for registration of the bonds and notes by the comptroller; making the bonds and contracts incontestable; providing that the bonds shall be legal investments and eligible to secure public deposits; providing for tax exemption; enacting other provisions relating to the subject; providing that this Act shall be cumulative of existing laws; providing for severability; and declaring an emergency.