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<br /> <br /> <br /> <br /> <br /> <br /> <br /> I. John Wayne Airport ..............................................................................21 <br /> <br /> J. Termination ..........................................................................................21 <br /> <br /> 4. Equity ..............................................................................................................22 <br /> <br /> 5. Approval of Bonded Indebtedness ..................................................................24 <br /> <br /> 6. Authority Cooperation .....................................................................................24 <br /> <br /> ARTICLE V. ACCOUNTING AND AUDITS ..................................................................25 <br /> <br /> 1. Accounting Procedures ...................................................................................25 <br /> <br /> 2. Audit ................................................................................................................25 <br /> <br /> ARTICLE VI. PROPERTY RIGHTS ..............................................................................25 <br /> 1. Vehicles, Equipment, Facilities and Property ..................................................25 <br /> <br /> A. Ownership ...........................................................................................25 <br /> <br /> B. Capital Improvements .........................................................................26 <br /> <br /> C. Maintenance and Repairs ...................................................................26 <br /> <br /> D. Equipment and Vehicle Replacement/Depreciation Programs ...........26 <br /> <br /> 2. Disposition of Assets Upon Termination .........................................................27 <br /> <br /> 3. Liabilities .........................................................................................................27 <br /> <br /> 4. Indemnification and Insurance ........................................................................27 <br /> <br /> ARTICLE VII. WITHDRAWAL AND ADDITION OF MEMBERS ..................................30 <br /> 1. City Member Withdrawal .................................................................................30 <br /> <br /> A. Initial Term ..........................................................................................30 <br /> <br /> B. Subsequent Terms ..............................................................................31 <br /> <br /> C. Removal From Board After Notice of Withdrawal ...............................32 <br /> <br /> <br /> <br /> <br /> 4509-08 <br /> 110179 v3 III <br /> 9/27/99 <br /> 60C-6 <br />