The title to all property acquired by the board may vest in the board or in any other governmental unit owning, operating or controlling an airport, or which has established an air board under this chapter, or in the cabinet. All property acquired for the establishment and maintenance of an airport shall be exempt from taxation and assessment to the same extent as other property used for public purposes. All fees charged by the board or collected by the board for the admission to or use of the airport or it s facilities shall also be exempt from taxation.
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