Any incorporated town of this Commonwealth, acquiring land under the provisions of this act, is authorized and empowered to establish, equip, condition, operate and maintain the same as a municipal airport, airdrome, landing field, or intermediate landing field, and may lease the same, or any part thereof, to any individual or corporation desiring to use the same for aviation purposes; and any incorporated town of this Commonwealth may enter into a contract, in the form of a lease, providing for the use of said land, or any part thereof, by the Government of the United States or by the Commonwealth of Pennsylvania, for the use by said Government or Commonwealth of said land for aviation purposes, upon nominal rental or without consideration.
2 P.S. § 1501