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