An airport or landing field shall not be established or constructed, or equipped, maintained, or improved from time to time by a municipality, acting either singly or jointly with one or more other municipalities, unless and until a proposition therefor fixing the maximum amount which may be expended thereunder by such municipality for such establishment, construction, equipment, or improvement has been submitted to an annual or special meeting of the municipality and adopted by a majority vote of the qualified voters voting thereon. A municipality may use and expend all income derived from the operation of such airport or landing field for maintenance and upkeep thereof and pledge its credit and issue notes or bonds for the purposes of this subchapter in accordance with the provisions of the general law or the charter applicable to such municipality. (Added 1985, No. 222 (Adj. Sess.), § 2.)