The following shall be limitations upon the powers of the facilities board of trustees:

    1. All property, whether real or personal, shall be acquired in the name of the city.  The board shall, for purpose of Section 2.32.060, have control of such land as the city council may, from time to time, designate as necessary for airport operations.  City council shall retain control of such land in the vicinity of the airport that it deems not necessary for airport operations and may dispose of same as it sees fit.

    2. The purchase or sale of property to any member of the board or relative of any member of the board or to any executive employee of the board is prohibited.  (Ord. 95/U-3255)