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<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. ACCOU NTING AND AUDITS ...... .......... ........ ..... .... ............... ......... ......... 25 <br /> <br />1. Accounting Procedures................................................................................... 25 <br /> <br />2. Audit.. ............................................................................................................. .25 <br /> <br />ARTICLE VI. PROPERTY RIGHTS ........... .................... .......... .............. .......... ....... ......25 <br /> <br />1. Vehicles, Equipment, Facilities and Property..................................................25 <br /> <br />A. Own e rs hip.. . . . . .. .. . .. .. . . .. .. .. . . .. . .. .. . .. . .. . .. .. . . . .. . .. .. . . . .. .. .. .. . .. .. .. .. . .. .. .. .. .. . .. . .. .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. L jab i I iti e s ......................................................................................................... 27 <br /> <br />4. Indemnification and Insurance. ........... ......................................... ................. ..27 <br /> <br />ARTICLE VII. WITHDRAWAL AND ADDITION OF MEMBERS..................................30 <br /> <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 ofWithdrawal...............................32 <br /> <br />4509-08 <br />110179 v3 <br />9/27/99 <br /> <br />iii <br />