HomeMy WebLinkAboutOrdinance 6590 1971 Regional Airport Fueling System
Bond Ordinance
Authorizing the Issuance of
DALLAS-FORT WORTH REGIONAL AIRPORT
SPECIAL FACILITY FUELING SYSTEM
REVENUE BONDS, SERIES 1971
$17,000,000
Adopted b
P Y
The City Councils of
THE CITY OF DALLAS, TEXAS
and
THE CITY OF FORT WORTH, TEXAS
Effective as of November 1, 1971
CITY OF DALLAS ORDINANCE
No. 13436
CITY OF FORT WORTH ORDINANCE
No. 6590
AN ORDINANCE ADOPTED CONCURRENTLY by the City Councils, respectively,
of the Cities of Dallas and Fort Worth, authorizing the issuance of Dallas-Fort Worth
Regional Airport Special Facility Fueling System Revenue Bonds, Series 1971, in the
aggregate principal amount of $17,000,000, for the purpose of paying the cost of construct-
ing and equipping the initial facilities of the aviation fueling system for the jointly owned
Dallas-Fort Worth Regional Airport of the Cities; providing for the security for and
payment of said bonds from the Net/Rent received under a certain Special Facility Fueling
System Lease Agreement pertaining to the operation of said system; providing that the
same shall not be payable from taxation; providing the form, terms and conditions of such
bonds and the manner of their execution;containing covenants and commitments regarding
the payment of said bonds; the construction of said system, and regarding transfers of
airport properties; providing other details concerning such bonds, said Lease Agreement
and said Airport, including the reserved power to issue additional revenue bonds for
completing, improving or extending said system; providing for the deposit of the proceeds
of such bonds into the Fueling System Construction Fund of the Joint Airport Fund under
and subject to the control of the Dallas-Fort Worth Regional Airport Board; authorizing
said Board to see to the delivery of said bonds as herein directed and directing that due
observance of the covenants herein contained be made by the Board to the extent such
covenants are performable by it; providing and describing events of default and the
consequences thereof; providing a method of amending this Ordinance; ordaining other
matters incident and relating to the subject and purpose hereof; and declaring an emer-
gency.
WHEREAS, the Cities of Dallas and Fort Worth have heretofore determined that the
present commercial aviation and airport facilities of the Cities, specifically Love Field
Airport (hereinafter called and defined as "Love Field") of the City of Dallas and Greater
Southwest International Airport (hereinafter called and defined as "GSIA") of the City
of Fort Worth, are wholly inadequate to meet the foreseeable commercial aviation needs
of the citizens of the Cities and the residents and citizens of the entire North Central
Texas Region; and
WHEREAS, the Cities have further found and determined that the most effective,
economic and efficient means of providing needed airport facilities is the construction and
equipment of a centrally located airport for the Cities, and to that end by an agreement
entitled and hereinafter defined as the "Contract and Agreement," the Cities continued,
expanded and further defined the powers and duties of the Dallas-Fort Worth Regional
Airport Board (hereinafter defined as the "Board") theretofore created; created the Joint
Airport Fund of the Cities; and provided for the construction and operation of an airport
known presently as the "Dallas-Fort Worth Regional Airport" (hereinafter called the
"Airport"); and
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pine !saaq;o age. jo 2utuoq3unj aadoad aq4 o� Ivt4uassa pine Ml4vlaa
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BuUua Um4u0o Ilam paLe2aa 4Lq; ui pine uoi2aa sLxay g4aoN aaqua aqq pine g4aoAA, ;ao3 pine
s'eIIL'Q ;o vaae uv4jIodoa4auz aq; xoj ;aodaite `o2ata Iviaaatumoa pine a92uassLed AItxemlad
`qnq aoNtu aqj amoaaq Ilam `I,euopwado sauzoaaq 41 uogm `4aodaiag; `SVaZjaHAe,
pine !sasegd ivanbasgns pie ;saij sot q;oq ui 4aodaiV aq4 jo 4uawdinba
pine 4uauidolaeap 1uoiPna4suo3 aq4 jo asodand aqj aoj spun] aanjnj aq4 ui urejgo II?m
pine paum jqo anLeg sai4io ag; `ff;taou;nr. InjAtLl aiag4 ;o asioaaxa aq; ui `SVaHaHAA,
is open to the public as required by law and that notice of the time, place and purpose
of said meeting was given and posted in accordance with the requirements of Article
6252-17, Section 3A, Vernon's Texas Civil Statutes, as amended;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF DALLAS, TEXAS:
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY
OF FORT WORTH, TEXAS:
ARTICLE I
TITLE, FINDINGS AND RATIFICATION
Section 1.1 SHORT TITLE. This Ordinance may be cited by the short title "1971
REGIONAL AIRPORT FUELING SYSTEM BOND ORDINANCE."
Section 1.2. FINDINGS. All of the declarations and findings contained in, recited or
repeated in the preambles of this Ordinance and in the preambles of the Lease Agreement
are made a part hereof and shall be fully effective as a part of the ordained subject matter
of this Ordinance and are adopted by the Cities as true and proper determinations and
findings of the Cities.
Section 1.3. RATIFICATION. All actions heretofore taken (not inconsistent with the
provisions hereof) by the Cities, by the Board and by the employees and officers of each
directed toward the Airport and the issuance of the bonds herein authorized, expressly
including the authorization, execution and delivery of the Lease Agreement by the Board
are hereby ratified, approved, confirmed, accepted and adopted.
ARTICLE II
DEFINITIONS AND CONSTRUCTION
Section 2.1. DEFINITIONS. In and throughout this Ordinance, the following words
and expressions shall have the following meanings, respectively, to-wit:
(a) "Airport" means the Dallas-Fort Worth Regional Airport, as aforesaid.
(b) "Additional Bonds" means any Bonds issued for the purposes specified in
Section 8.2 hereof.
(c) "Board" means the Dallas-Fort Worth Regional Airport Board, as aforesaid.
(d) "Bonds" means the Series 1971 Bonds, the Completion Bonds, the Additional
Bonds, and any Refunding Bonds issued hereunder, all of which are Special Facility
Bonds within the meaning of the 1968 Concurrent Bond Ordinance.
(e) "Cities" means collectively the municipal corporations and political bodies and .
subdivisions of the State of Texas known as the City of Dallas,in the County of Dallas,
and the City of Fort Worth, in the County of Tarrant, and such term shall also be
deemed to include and refer to, in all appropriate respects, any successor political
body, authority or subdivision if the Airport shall ever be transferred thereto as
permitted by Section 9.3 hereof.
(f) "City Council" or "City Councils" means in each instance the governing body
as from time to time constituted of each of the Cities or the plural thereof shall mean
and refer to the governing bodies of both of the Cities.
3
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quaum4asdaQ 2upaaaup'auH s,paeog ago jo a2aega ui aq
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2uiat,ld ago put, `joaaaT44 s;soa ago jo 2uiauoutl ag; `uxa;sdS 2uilana aq; o4 pa4slaa
aae gaigm pus pauop;uauz dllt,atjpaads gdea2t,aed sigl ui aaagmasla 4ou asuadxa jo
suxa4l aaq4o lle pus spuog 2umssi put, 2uiat,daad jo put, `s;ppne jo s4soa `sa2aega
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uop,jan.z4suoa ao uoi4ismb3,e ago o4 9lgea2at,ga dlaadoad uoilea4stutuxpt,jo sasuadxa(p)
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pus saaj aq4 put, `spuog jo aauenssi aql ao `o4aaagj uoiTelaa ui sa�sug4sa aag4o
pie sanuanaa pie sisoa jo sa4t,uxt;sa pie saipn�s �upN-e jo asodand aqj xoj sjusq
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saaj aq4 pine joaaag4 ;at,d die ao uxa4sdS 2uiland Eng 2uiddmba ao 2ui4ana4suoa jo
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:Ipm o4 `�uatuaaa2V ast,aq aq4 jo
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age jo `1 uoplaaS ;o p gdt,a2sat,d ui p94t,aawnua pue L•8 uo1139S ui pa�,ejduza4uoa
put, pappnoad st, `uza4sdS 2uiland aq4 o4 2ugelaa suza4l algt,atldde 2upmolloj aq; jo
iit, susatu ,sailiipaeLq It,i4iuI aq4 jo sgsoo„ ao ,tua4sAS 2uilan,3 aqj ;o sgsoo„ (i)
•4aodaiV aq4 jo uognaado pue uogDna4suoa aq4 aoj sappeoad put`paugap upaaaq se`puna
4aoda.V �utop aL14 sa4vaaa `patog aq; jo sagnp put, saamod aq4 saugap aag4anj pus
`sput,dxa `sanuquoo suxaa4 sop dq gapqm `g4aoAi Ixoj put, st,ll'e(j uaam4aq pus dq `8961
191 IpadV jo st, aAl4z)ajja 4nq `8961 `8Z IpadV uo Allen;ae o4ui pa aqua ,14uatuaaa2V put,
4asa4uoo„ pal4liva ;uauxaea2e upe�aaa qeq; susatu juatuaaa2V put, 4at,ajuoo„ (q)
•joaaaq 1.8 uoiPaS up pappnoad
st, `panssi uaaq aeeq spuog Isuop4pppV gapqm aoj o4aaag4 .hut;elaa ;aafoad ;uanbasgns
Awe ao `uxa4sdS 2uiland aq4 jo sai;pipaea lep;iuI aq; jo sisoo aq� jo �uauxdt,d aq4
2ugalduto3 jo asodand aq4 aoj panssp spuog aq; susaux ,spuog uot4alduxoo„ (2)
(p) "Fueling System" means and shall include the Initial Facilities and all exten-
sions, additions, improvements and modifications thereto.
(q) "Fueling System Bond Interest and Sinking Fund" means the fund by that
name created in Section 7.2 of this Ordinance and constituting a part of the Joint
Airport Fund.
(r) "Fueling System Net Rent Clearance Fund," means the fund by that name
created in Section 7.2 of this Ordinance and constituting a part of the Joint Airport
Fund.
(s) "Fueling System Bond Reserve Fund" means the fund by that name created
in Section 7.2 of this Ordinance and constituting a part of the Joint Airport Fund.
(t) "Fueling System Construction Fund" means the fund by that name created
in Section 5.2 of this Ordinance and constituting a part of the Joint Airport Fund.
(u) "Ground Rent" means the rent payable to the Board under Section 5.1 of the
Lease Agreement.
(v) "Holder" when used in conjunction with the Bonds or coupons appertaining
to the Bonds means the person in possession and the apparent owner of the designated
item.
(w) "Independent Accountant" means any. Certified Public Accountant or firm of
Certified Public Accountants, or both, as determined by the Board, duly licensed to
practice and practicing as such under the laws of the State of Texas, appointed and
paid by the Board, who is, in fact, independent and not under the dominion of the
Board or the Cities.
(x) "Initial Facilities" means the properties, facilities and equipment contained
and described in the Detail Plans and Specifications therefor prepared by Tippetts-
Abbett-McCarthy-Stratton, Engineers and Architects, and approved by the Board by
Resolution adopted concurrently with the approval of this Ordinance, and approved
by the Lessees in the manner required by the Lease Agreement.
(y)"Investment Securities" means any of the securities from time to time permit-
ted by the agreement with the Treasurer to be utilized by him as security for the
funds of the Board on deposit with him (except personal bonds), and additionally
includes any time deposits or certificates of deposit of any State Bank or National
Banking Association which are themselves secured by any of the above and foregoing.
(z) "Joint Airport Fund" means the master fund by that name created by the
Cities for the purpose of accurately and adequately recording and accounting for the
ownership, operations and properties to the joint venture of the Cities evidenced by
the Contract and Agreement,all as described and provided in Section 17 of the Contract
and Agreement.
(aa) "Lease Agreement" means the agreement with the Lessees described in the
preambles hereof.
(bb) "Lessees" means the initial Lessees under the Lease Agreement named in
the preambles hereof together with any additional lessees operating as direct, con-
tracting parties with the Board under the provisions of Section 10.7 of the Lease
Agreement.
(cc) "Net Rent" means the rent payable to the Board under Section 5.2 of the
Lease Agreement and herein pledged to the payment of the Bonds.
(dd) "1968 Concurrent Bond Ordinance" means the Ordinance described and re-
ferred to by that name in the preambles hereof.
5
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pu,e `papumzap ao pa4aossv ;unotue Itjo4 aq; jo sglii/L o4 junbe 4unourte uE s-ellu(I jo
osvo aqj ui 2uip99axa pue spun] pies jo ono 4daaxa `AIIvnpiAtpui A410 aag11a 4sulv2v
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sanuanag gans `sanuanag pa2pald uzoaj Alalos aigi;aalIoa pine algLAed aq IlL'gs suoi4
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uioaj pine `pavog 9g1 Aq `S14uiof 2uipv saillD ago jo jIvgaq uo `pauzaojaad aq iiegs
spuog aq4 ao uza�sAS 2uilanj aq4`4aodaiV agl off.padsaa Lillm dot, JUIOC ao uouzuzoa `aAl;
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aoueuipa0 puog 4uaaamuo0 896T alP ul paugap
s'e `4aodaiV aq� jo «sanuanag ssoaO„ ago jo 4no spuog aq4 led o� (ii) ao !uoi4exej dg
paniaap spun] Auv jo ono spuog Mute uo 4saao4ui ao ;o Ivdiauiad aq; Sed o4 (i) aaq�ia
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:smolloj sLe pailddte pine panagsuoa
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of exercising similar rights in other instances so long as the method or methods utilized
do not impair or defeat the substantive purposes of this Ordinance.
(h) Nothing in this Ordinance shall be deemed or construed to prohibit the Cities
or the Board from constructing, financing and equipping in any lawful manner any
facilities for the Airport considered by the Board to be necessary or desirable in
connection therewith, including, but not limited to, the construction and financing
of other Special Facilities under the 1968 Concurrent Bond Ordinance and the issuance
of Special Facility Bonds therefor payable from lease agreements with any parties,
including the Lessees or any of them.
ARTICLE III
SERIES 1971 BONDS
Section 3.1. AUTHORIZATION. (a) For the purpose of providing funds with which to
pay the Costs of the Initial Facilities, it is hereby declared necessary that the Cities
authorize and issue,and the Cities hereby authorize and direct the issuance of,"Dallas-Fort
Worth Regional Airport Special Facility Fueling System Revenue Bonds, Series 1971,"
(hereinabove defined as the "Series 1971 Bonds"), in the aggregate principal amount of
$17,000,000, payable both as to principal and interest solely out of Pledged Revenues, as
described, defined and pledged herein.
(b) The Series 1971 Bonds are and shall be "Special Facility Bonds," issued under the
authority reserved to the Cities in Section 8.7 of the 1968 Regional Airport Concurrent
Bond Ordinance and pursuant to the authority granted the Cities under and by virtue
of Article 1269j-5.1, Article 1269]-5.2, Article 46d, and other applicable provisions of Ver-
non's Texas Civil Statutes, as amended.
Section 3.2. DATE, DENOMINATION, MATURITIES AND INTEREST RATES. The
Series 1971 Bonds shall be dated November 1, 1971, shall be in the denomination of $5,000
each, shall consist of 3400 Bonds numbered in direct numerical order from 1 through 3400,
and shall mature and become due and payable serially on November 1 in each of the years
and in the amounts and bearing interest per annum from their date to their stated maturity
or earlier redemption as follows, to-wit:
Years Amounts Maturing Rate of Interest
1975. . . . . . . . . . . . . . . . . . . $ 350,000 6.00%
1976. . . . . . . . . . . . . . . . . . . 375,000 6.00%
1977. . . . . . . . . . . . . . . . . . . 400,000 5.25%
1978. . . . . . . . . . . . . . . . . . . 425,000 4.85%
1979. . . . . . . . . . . . . . . . . . . 450,000 5.00%
1980. . . . . . . . . . . . . . . . . . . 475,000 5.10%
1981. . . . . . . . . . . . . . . . . . . 525,000 5.20%
1982. . . . . . . . . . . . . . . . . . . 550,000 5.30%
1983. . . . . . . . . . . . . . . . . . . 600,000 5.40%
1984. . . . . . . . . . . . . . . . . . . 625,000 5.50%
1985. . . . . . . . . . . . . . . . . . . 675,000 5.60%
1986. . . . . . . . . . . . . . . . . . . 725,000 5.70%
1987. . . . . . . . . . . . . . . . . . . 775,000 5.80%
1988. . . . . . . . . . . . . . . . . . . 825,000 5.90%
1989. . . . . . . . . . . . . . . . . . . 875,000 5.95%
1990. . . . . . . . . . . . . . . . . . . 950,000 6.00%
1991. . . . . . . . . . . . . . . . . . . 1,025,000 6.00%
1992. . . . . . . . . . . . . . . . . . . 1,075,000 6.00%
1993. . . . . . . . . . . . . . . . . . . 1,175,000 6.00%
1994. . . . . . . . . . . . . . . . . . . 1,250,000 6.00%
1995. . . . . . . . . . . . . . . . . . . 2,875,000 6.00%
Interest at such rates shall be evidenced by coupons initially attached to each said
Bond payable on May 1, 1972 and semi-annually thereafter on each November 1 and
May 1. 7
8
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date thereafter, for a redemption price equal to the principal amount of the bonds thus
redeemed plus accrued interest to the date fixed for redemption. If bonds shall be redeemed
pursuant to this paragraph, then written notice of such redemption shall be given in the
manner specified in the Ordinance of the Cities authorizing this series of bonds. By the
date fixed for any such redemption, due provision shall be made with the paying agents
for the payment of the principal amount of the bonds to be so redeemed, plus accrued
interest thereon to the date fixed for redemption. If the written notice of redemption is
published,and if due provision for payment is made, all as provided above,the bonds,which
are to be so redeemed, thereby automatically shall be redeemed prior to maturity, and
they shall not bear interest after the date fixed for redemption, and shall not be regarded
as being outstanding for any purpose except for the purpose of receiving the funds so
provided for such payment.
This bond is one of a duly authorized issue of bonds dated November 1, 1971, numbered
from 1 through 3400, of the denomination of $5,000 each, aggregating $17,000,000, issued
by the Cities for the purpose of providing funds for the construction and equipment of
the Initial Facilities of the aviation Fueling System for the jointly owned Dallas-Fort
Worth Regional Airport of the Cities. For the purpose of providing for the issuance of
this series of bonds and securing the payment thereof, the Cities have jointly adopted
a certain ordinance known by the short title as the "1971 Regional Airport Fueling System
Bond Ordinance," and therein have jointly pledged their respective interests in certain
monies therein defined as "Pledged Revenues," which term includes certain net rents to
be derived by the Dallas-Fort Worth Regional Airport Board (the "Board") under and
pursuant to the terms of a certain Special Facility Fueling System Lease Agreement,dated
as of April 1, 1971, between the Board and various certificated public air carriers serving
and served by said Airport. Said Pledged Revenues,including said net rent,will be on deposit
from time to time in various funds created and confirmed in and pursuant to the 1971
Regional Airport Fueling System Bond Ordinance, and are unconditionally and irrevocably
committed and pledged to the purposes specified for said funds including the payment of
this series of bonds. Reference is made to the 1971 Regional Airport Fueling System Bond
Ordinance and to said Lease Agreement for a further description of Pledged Revenues
and said net rent, the nature and extent of the security thereof, a statement of the rights,
duties and obligations of each of the Cities, including the right to issue other bonds on
a parity as to lien with this series of bonds under the conditions and with the effect stated,
the rights and remedies of bondholders in the event of default thereunder, and the rights
and priorities of the holders of this series of bonds and other bonds issued thereunder,
to all the provisions of which the holder thereof by the acceptance of this bond assents
and agrees.
As provided in the 1971 Regional Airport Fueling System Bond Ordinance, the obliga-
tions of the Cities to pay money hereon out of Pledged Revenues are joint, and not several,
and no claim, demand, suit or judgment shall ever be asserted, entered or collected against
or from one City without the other and no individual liability shall ever exceed in the
case of Dallas 7/1 iths of the total amount thereof, and in the case of Fort Worth 4/11ths
of the amount thereof, and such sums shall be payable and collectible solely from the
funds in which Pledged Revenues shall from time to time be on deposit.
The holder hereof shall never have the right to demand payment of this obligation
out of any funds raised or to be raised by taxation.
It is hereby certified and recited that all acts and things required by the Constitution
and laws of the State of Texas to be done, to exist, and to be performed precedent to
and in the issuance of this bond and the Series of which it is one, the adoption of the
1971 Regional Airport Fueling System Bond Ordinance and the execution and delivery
of said Lease Agreement have been done, do exist and have been performed as so required.
9
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jo A;lo aq4 jo xo;jpnV .941D pine ao.S,eN aq4 jo saan;vu2Is ajluttsavj aq; Aq pau2ls aq o4
suodnoa pagae44,e aqj pasntn svq Ilaunoo A;lo pies q eo put, :.Sauao4;V A;lo s4I Aq uuaoj o4 se
paeoaddte pine `Aiv4aaaaS A;lo s;l jo saan4vugls ajluuisauj aq4 Sq pau2Isaa;unoo `aoleN sol
jo amivu2ls allium-ej aq4 Aq pau2ls aq o4 puoq slg4 pue uoaaaq peauld aq o4 .9410 gvg4
jo yeas aq; pasnw s-eq `s'exay `g4aorn 4aod jo A;1D aq� pue !ao4lpnV A;10 s4l jo aan4vu2is
ajluzlscmj aq4 Aq pau2isaa;unoo put, ioAuN s4I jo aan;teuaIs ajlutlsatj aq; Aq pawls aq
04 puoq sig4 put, uoaaaq pagdva2oq�I1 ao pa�uiad `passaadmi aq o4 AIID ;eq� jo Deas aq4
pasnua seq `sexaZ `sellv(l jo A;lo aqj jo Ilaunoo fi4Io aq; aoaaaHA, SSHNZIAI NI
(FORM OF COUPONS)
NO.............
ON THE 1st DAY OF
............1 19........
Unless due provision has been made for the redemption prior to maturity of the below
numbered bond to which this coupon appertains, the City of Dallas, Texas, and the City
of Fort Worth, Texas, jointly promise to pay to bearer, but solely out of the revenues
specified, and subject to the conditions stated, in said bond at the Texas Bank & Trust
Co. of Dallas, Dallas, Texas, or at The Fort Worth National Bank, Fort Worth, Texas,
or at The Chase Manhattan Bank, N.A., New York, New York, without exchange or
collection charges to the bearer hereof, the sum specified on this coupon, in lawful money
of the United States of America, for interest then due on the below numbered bond of
the issue entitled "Dallas-Fort Worth Regional Airport Special Facility Fueling System
Revenue Bonds, Series 1971," dated November 1, 1971. The holder hereof shall never have
the right to demand payment of this obligation out of any funds raised or to be raised
by taxation. Bond No..................
/s/
------------------------------------------
Mayor, City of Dallas, Texas
COUNTERSIGNED:
/s/
------------------------------------------
City Auditor, City of Dallas, Texas
/s/
------------------------------------------
Mayor, City of Fort Worth, Texas
COUNTERSIGNED:
/s/
------------------------------------------
City Secretary, City of Fort Worth, Texas
(FORM OF COMPTROLLER'S REGISTRATION CERTIFICATE)
OFFICE OF COMPTROLLER
STATE OF TEXAS REGISTER NO. 40441
I hereby certify that this bond has been examined, certified as to validity and approved
by the Attorney General of the State of Texas in accordance with his written approving
certificate on file in my office; and that this bond has been by me this day registered as
required by law.
Witness my signature and seal this 7th day of December, 1971
/s/
-------------------------------------------------
Comptroller of Public Accounts of the State
[SEAL] of Texas
11
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palnaaxa aq Ilvgs asvgaand jo I;maluoO aqy agl Aq uxaoj of SLI panoadde pue
`aoltpnV AItO eql.gq pau2tsaa4unoa SItO aql,tq palsallu `uoaaagl passaadutt Ives
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as,egaand jo la-ealuoO aqy •saasLgaand pies of uxaoj palnaaxa III paaaellap aq of paztaoglns
PUB panoaddL, `paldaaav ,fgaaaq st anogv (v) ut of paaaajaa joaaagl saas'egaand agl of spuog
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agl jo aliep aql uzoaj Isaaalut snld 00'009`LT9`9T$ jo aatad v aoj `saa2,euvN se 2utlate eat
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posaopue pine palutad aq of utaaag pagtaasead alvaLjtlaa0 uotivalsl'aag s,aalloaldutoO aql
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jo saaAolduxa pie saaatgo `uvuzalego aql pine `Aaaetlap atagl 2utpued olaaagl 2utuie4aad
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of pagav;.4L, suodnoa aql uodn palutad ao pagdea2og4tl aq iI'egs glaoAj laoa jo ,&ItO aql jo
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s9anlVu2ts aellaadsaa aqy •puoq q;ma uodn pagdva2ogltl.ao palutad `passaadmi aq ii'egs Ives
alvaodaoa slt put, `SIID aql jo Sauaoll`d SI10 aql.&q Luaoj of se panoadde aq Ilegs awns aql
!AxelaaaaS AItO slt jo aan4vu2ts altuusa,ej agl.&q pau2tsaalunoa pine aoAvN slt ;o aan4vu2ts
alturtsa,eT aql dg glaoAj laod,jo AItO aql jo jILgaq uo palnaaxa pine pau2Is aq IlL'gs spuog TL6T
sataaS aql jo galea •puoq gava uo pagdva2og4tl ao palutad `passaadmi aq 11vgs AItO DLII
jo Deas al,eaodaoa aql pine `aoltpnV AItO slt jo aanleu2ts altLutszmj aql Aq pau2tsaa4unoa
pine aoAeW slt ;o aan4vu2ts altLutsaLj agl Aq st,ii,oQ jo ,&410 agl jo jltgaq uo palnaaxa pie
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(3)years from November 1, 1971,and accordingly the amount equal to the interest to become
due on the Series 1971 Bonds during said period is hereby appropriated from the proceeds
of the sale of said Bonds and ordered to be deposited to the credit of the Fueling System
Bond Interest and Sinking Fund. If it shall become necessary to remove or withhold the
amount required to be appropriated by this Subsection(a)from the custody of the Treasurer
in order to comply with the/requirements of Section 7.5(b), then, upon written order of
the Director of Finance,that part of the Interest and Sinking Fund containing said amount
shall be placed in trust with Texas Bank & Trust Co. of Dallas, Dallas, Texas, one of the
Paying Agents for the Series 1971 Bonds. Such portion of the Interest and Sinking Fund
thus held by said Paying Agent for the benefit of the holders of the Bonds, and pending
its use to pay interest on the Series 1971 Bonds, shall be invested from time to time in
investment securities as may be directed by the Board; provided however that no such
investment shall be made which will be inconsistent with the requirements of Section
7.5(b). To the extent that this Section is inconsistent with the provisions of the Contract
and Agreement or the Lease Agreement, then the Contract and Agreement and Lease
Agreement are hereby amended to accommodate the requirements of this Section.
(b) In addition to the directions contained inparagraph (a)� next above it is hereby
eby
directed that from the proceeds of the Series 1971 Bonds, the sum of $1,550,000 shall be
deposited into the Fueling System Bond Reserve Fund and used, applied and devoted to
the purposes specified elsewhere herein for money on deposit in said Fund.
Section 5.2 FUELING SYSTEM CONSTRUCTION FUND. Except as otherwise pro-
vided in Section 5.1, all proceeds derived from the sale of the Series 1971 Bonds shall be
deposited promptly upon the receipt thereof in the Fueling System Construction Fund,
which is hereby created, and the moneys within said Fund shall be used solely for the
purpose of paying the Costs of the Initial Facilities.
Section 5.3. PROCEEDS FROM OTHER SERIES. The proceeds derived from the sale
of Completion Bonds or Additional Bonds shall be deposited and disbursed in accordance
with directions contained in the ordinance or ordinances authorizing the issuance thereof.
Section 5.4. DISBURSEMENTS FROM CONSTRUCTION FUND; SURPLUS. (a) Be-
fore any moneys shall be withdrawn or any payments shall be made from the Fueling
System Construction Fund for Costs of the Fueling System which directly relate to the
physical construction and equipment thereof there shall be filed with and approved by
the Executive Director—
(i) a voucher which may contain any number of items signed by the Board's
Director of Engineering and stating in respect of each item to be paid—
(a) the item number of the payment;
(b) the name of the person to whom payment is due;
(c) the amount or amounts to be paid;
(d)the purpose for which the obligation to be paid was incurred in such detail
as shall be satisfactory to the Director of Finance; and
(ii) a certificate signed by the Board's Director of Engineering and attached to
the voucher certifying—
(a)that the obligations in the stated amounts have been incurred by the Board
and that each item thereof is a proper charge against the Fueling System
Construction Fund and has not been paid;
(b) that there has not been filed with or served on the Board any notice of
lien, right of lien, or attachment upon or claim affecting the right to receive
payment of any moneys payable to any person named in such voucher which
13
tiI
(e) sgdva2vaed uI pauie�uoo saassaq aq4 jo s;uauu4tuzuaoa pue suot4v21jgo ag; 2utdilpotu
ao 2utaa4lu `2utanpaa jo 4aajja aq4 anVq pinom uotssaouoa ao ;uauupuauuv uo14LoglpOtU
gaigm`4uauuaaa2V aseaZ aq4 jo uoisinoad aag4o dine`asimaag4o ao juauiaaa2,e dao4vpuauuLe ao
jv4uauaalddns dq `o4 uolssaouoo ao ;uauapuauuv ao ;o uogeaUtpoux due 4ura2 ao 04 ;uasuoo
IilAk p.Mog aq; aou saplo atl xag4lau aaututpao slg4 aapun 2uipuLjs;no aav spuog gatgm
2utanp poiaad due 2uuanp Jeq; (Al) :4uautaaj2V asearj aq; jo t-9 uol;aaS jo (e) gdea2LeaLd
ao 7.9 uot;oaS jo (o) pine (e) sgdta2v xvd jo suotsinoad aqj `astenaaq;o ao ;uauaaaa2L dao4
-Lepuauale ao Ie;uautalddns dg `o4 uotssaauoa ao 4uauupuauuLe ao jo uoi4'eaijtpout due ;uea2 ao
04 wasuoa Ilam paLeog aq4 aou sat4lo aq; xagliau `aaueuipao sig4 aapun 2ulpuL,4s4no axe
spuog gatgm 2uianp potaad duL, 2utanp 4,eg4 (ttt) .4uauuaaa2V as'eaq aq4 jo s4uamaalnbaa
aq; q;lm .&4jtuxojuoo ut saasaZ aq; dg panoadde uaaq seq aaueutpao sug4 4Lg4 (tI) !stuaa4
s;t g4Im aoulepaoaoe ut algvaaaojua `saassaZ aq4 pule paLog ago `saglo aq4 jo ;uauuaaa2Le
areal 2ugstsgns pine plIVA V s;uasaadaa pie paeog aq; g2noag4 pine Sq 2ut4av saglo
aq� Sq paaanllap pine pa;noaxa `o;ui paaa4ua dllnjmvI pine dlnp uaaq seg 4uauuaaa2v as'earI
aq4 ;,em (I) wLmaum pine 4uVuano3 sal�lo aqj, (e) :LNffN,7,7&T.DV aSb'g7 'i'9 uol;oaS
ixau jLaN 3o NoI,Loa'I'Ioo `J,AIawaaaf)v asva I
IA a'IOI,LHV
*punct 2upjuIS pie ;saaalul puog uxa4sdS 2ullan,3 aq� o4 `dine jl
`punct uollana�suoo uza�sdS 2utlan j aq4 ul 2ulummaa sdauouz IlL, jo aajsuLea; aq4 asn-eo
11-eqs paeog aq4 uodnaaatIl pine `2uljv4s os pseog aq4 pine a043aauQ ant4noaxa
aq� gjlm ai8 Iivgs 2uta9aui2ua jo ao4o9alQ s,paLog aq; `pled uaaq anLq IILgs `sasuad
-xa Iejuaplout aadoad II'e 2utpnl3ut `aojaaag4 anp s4unouate IIe uagm pine `joaaag4 suotlLo
-Utoads pie sueld aqj q;pm aauepaoaaLe ut pa4alduaoa uaaq anLeq Ilegs `spuog jo spaaooad
aq1 q�Im apLeua s;uauuanoaduut Ivuot�Ippv jo uta4I dine ao `sat4lllo,e j ILt4luI aq� uaqAj (o)
•uua4sds 2uuland aq4 jo 4soo aadoad v st am;lpuadxa aq4 4,eg4 a4laaa Ilugs pine aan;
-tpuadxa aq� jo asodand 9q4 a4laaa Ilegs uot4nlosaa galgm `paeog age dg pa4dope uoqnlosaa
dg panoadde aq IILgs joaaag4 aan4lpuadxa ago ssalun apLuu aq 4ou ii-egs samnjpuadxa Bons
`astmaag40 •sasn punct uogana4suoo uua�sdS 2utlan3 jo alnpagas gons dq pa;Llduza4uoo ao uu
paztuuall oav saanl!puadxa gans ;,eq� ;aajja aq4 o4 ao;3aatQ angnaaxa aqj dq a�eot�t�aaa
,e jo uotlnoaxa aq4 uodn paambaa aq d,eLu saan4lpuadxa sLe sau ; gons �v sasodand gans
aoj papuadxa aq &LLu punct uogma4suoo uzalsdS 2uiland ag; ulgjtm sdauoN •sasn puna
uol4ana4suoo uta4sdS 2utlanj jo alnpagos 4uaaana 'e uiv4urem pu'e 4dopLe Ilvgs pxeoEjPgl
`aauleutpao slgl ut paugap se ,tua4s,&S 2ullan,3 aq�jo s4soo„ uuaa4 aq4 jo 4aed L, sic paptilout
suza;I aaq�o pine uogea4stutuzpLe jo sasuadxa 2utpnloul `anoq'e`(e)gdvj2,eaLd ut pa�elduza4uoo
asog4 uvg4 aag4o uza4sdS 2uulan3 aq4 jo slsoo aoj pun,3 uou4ana;suoo uua4sds 2utland
aq4 utoaj apeuu aq Il-egs s;uauzd'ed die ao umvapg�lm aq Tlegs sdauouz dine aaojag (q)
•joaaaq4 sasuadxa aag4o jo 4uauudLd aq4 aoj paeog aq4 dg padolduua
dllaneuaogsno st sv iauuLTu gans uu joaaag4 4uauzdvd a3Ieuu o�paztaoq;ne aq IILgs aq `anp aae
s�uatuled gons 4vg4 pie `gdeaeavd sug4 dq paambaa uogeutaojul aq; uuLe4uoa pine uuaoJ
aq4 ut aav a4v3ijgaaa pine aagonoA gans 4ug4 auluuaa4ap IlLgs ao�aaalQ aeulnaaxa aq4 jI
•pavog aq; jo Ioa;uoo aq4 aapun pine a4eagl4aao age.
2utu2us uosaad aq; dg paeoadde sao'eld ao aa,eld t, �L, uoljeaiagej ao a2vao4s aoj
paaaetlap ao asodand ; q4 aoj joaaaq; a4ls agJ 4u paaanllap ao uua4sdS 2uuland aq4
jo aouvaaq;anj aL14 ut pauzaojaad &IILn;z)L, sem 4aom gons saulddns ao 4uauudmba
`slmaa4vtu `4aom aoj paaanoui sem uou;-e2ulgo gons die se aejosul 4sgj (p)
pine !uiv4aa o4 pal;l;ua su aj'eagl;aaa gans jo a;,ep aq; 41a paeog aq� galgm a2vjuaa
-aad pauue4aa dine jo 4unoxm uo 4uauudLd ou sutu;uoa aaganon gans 4,eq� (o)
!suoi4Le2tlgo gans jo
�uawled aq� gjlm dlsnoaue4Inuuus pasealaa aq 4ou Illm ao pasealaa uaaq ;ou s-eq
and (c) of Section 5.2 of the Lease Agreement or paragraph (a) of Section 5.4 thereof,
or would minimize, reduce or lessen the rights of the Board in the event of a default in
the payment of Net Rent by the Lessees thereunder, or would materially and adversely
affect the security herein provided for the payment of Bonds; and (v) that the Cities and
the Board will strictly observe and abide by their commitments contained in the Lease
Agreement and will strictly enforce the obligations of the Lessees thereunder.
Section 6.2 COLLECTION OF NET RENT.The Cities,acting by and through the Board,
shall, through appropriate billings, statements or otherwise, furnished and delivered to
the Lessees or the Independent Operator (as defined and when permitted in the Lease
Agreement), cause the Net Rent payable thereunder to be collected by the Board not less
than one (1) full business day prior to the dates specified in Article VII hereof for the
deposit or transfer into the various funds created therein for the purposes described, and
the dates on which such collections are required, and the amounts required by said Article
VII hereof, for the purposes of this Ordinance and for the purposes of paragraph (a) of
Section 5.2 and all other relevant paragraphs and Sections of the Lease Agreement shall
be the due date for the payment and collection of Net Rent and the times and amounts
payable thereunder.
ARTICLE VII
PLEDGE, SPECIAL FUNDS, FLOW OF FUNDS
Section 7.1. PLEDGE. The Bonds shall be and are hereby declared to be payable solely
from and secured by an irrevocable first and superior lien on and pledge of (a) the Net
Rent (except that part received on account of the costs and charges of any paying agent
or paying agents or any trustee or trustees for the Bonds) and the Special Funds herein
created in which Net Rent from time to time shall be on deposit as herein required; (b)
any amounts on deposit in the Special Funds herein created and credited against the Net
Rent payable by Lessees under paragraph (b) of Section 5.2 of the Lease Agreement; and
(c) in the event of a default in the payment of Net Rent by the Lessees under the Lease
Agreement,then the gross receipts, less expenses of collection, derived by the Board from
the exercise of any Remedy On Default specified or permitted bylsection 7.2 of the Lease
Agreement. All of the items of moneys described above are herein collectively called and
defined as the "Pledged Revenues." No Bonds issued hereunder shall ever be payable in
whole or in part from Gross Revenues of the airport as defined in the 1968 Concurrent
Bond Ordinance and no holder of any bonds issued hereby shall ever have the right to
demand payment of these Bonds out of any funds raised or to be raised by taxation.
Section 7.2. SPECIAL FUNDS. In addition to the Construction Fund and the other
funds heretofore and hereafter established as a part of the Joint Airport Fund pursuant
to the Contract and Agreement,the 1968 Concurrent Bond Ordinance and other ordinances
authorizing bonds relating to the Airport, the Cities hereby establish within the Joint
Airport Fund and direct that the same be maintained by the Board the following special
funds, to-wit:
(a) Fueling System Net Rent Clearance Fund;
(b) Fueling System Bond Interest and Sinking Fund; and
(c) Fueling System Bond Reserve Fund.
Section 7.3. FLOW OF FUNDS. That portion of Pledged Revenues credited against
the Net Rent payable by Lessees under paragraph (b) of Section 5.2 of the Lease
Agreement shall at all times remain in or be transferred to the appropriate funds
created in and as directed by this Ordinance. Net Rent shall be collected by the Board
and shall be paid by the Lessees in the amounts and on the dates required by Section
6.2 hereof and, as collected, shall be held in the Fueling System Net Rent Clearance
15
91
2uilana aql o�pund anaasag puog uzalsAS 2uilanj ago ui 41sodop uo Aauouz aajsuta4
IlL,gs aoutmi j jo aopaatQ agI an000 satouaiogap Bans II •sasodand Bans aoj �uaiozUjns
aq 4ou Iltgs pun,q 2uLquiS pu-e 4saaa4uj puog uza4sAS 2utlan j age. ui ;isodap uo
sanuanag p02p9la Ji pine uagm spuog aq4 uo 4saaa�ui pue lvdiouiad jo juauzAed ago aoj
anaasaa U SV pIag aq ii-egs pun,q anaasaa puog ma4sAS 2utland aigl 2uzpuv4s4no aq Ilvgs
spuog aqP Jo duL' ste 2uol os ao,q •QNaJ 9A&TgSff2I aNOff N9.LSAS ONIrlaaj(q)
joaaag4 a4tp anp ago o4 aoiad seep (9) ang ;SLIOl 4LI sasodand Bans aoj s�u92-
2uaNd aq4 o4 utaaag;41sodep uo spunj ago jo saajsuea4 aNvuz Ilugs aautmid jo aopaatQ
agZ •saan4,euz joaaag4 lvdioutad-,&q4 pie anp sauzoo 4saaa4ut Bans sv spuog aq4 jo
ILedtoutad pie uo gsaaajuz aq4 2Uf pNd jo asodand aq4 aoj Alantsnloxa pine Alalos pasn
aq ll-egs aeaA goea puna 2u.4uiS pie 4saaawi puog uza4sAS 2uilana aq; ui 41sodap
uo sdauon—QN ai ONi-yNIS aNv isauaim allou NaLsAs oNirianj (LI)
—senolloJ ste `I,•L uotPaS sig4 ut pagtaads sasn pine sasodand aq4 aoj pasn
aq Iitgs pun,q anaasag puog uzapAS 2uilan j ag4 pu'e pun j 2upquiS pine 4saaa�uj puog
uza4sAS 2uilan,q aq4 jo llpaao aq4 o; �isodap uo sdauoN •SQNIl.d Jo SaSll T-L uoiPaS
•poiaad g4uouz (Zj) 9nlam4 2uipaaaans 4xau age 2utanp sluatullv4sui
Algluoua Imba (;j) aelamJ ui pa4lsodap aq llegs Aouai3gap Bans o4 Imba 4unouzv uv uag4
`uiaaag4 41sodap uo aq o4 paatnbea uaq� �unourte uznuzixutu aq� uLg4 ssal uiv4uoo Ilegs pine
luatogap aq IIvgs pun,q anaasag aqj`xeaA Aue jo g4pg aaquza4daS uo ssauisnq jo asola aq4 4t,
3I •Joaaaq IIIA al PxV Jo s4uauzaambea aq4 g4lu A4iuzaoJuoo ut spuog Bons 2utztaog4nte
aouLeuipao ago ut pagioads aq Autu s-e pun j anaasag puog uzalsAS 2uilang age. olui aptuz
aq iiegs slisodap Ieuopjppe uag4 °pansst aq IlLIgs spuog ILuot;ipp-V ao spuog uoi4alduzoo
Aute JI •04aaalg4 apeuz aq oq paambaa aq Il,egs sluauzAvd aag4anj ou °Ioaaaq (q)j•g uoipaS ui
papaamp ste utaaag4 pa4lsodap Aiivi4mi ;unourte aq4 sum,4uoo pun,q aeaasag puog uaa4sAS
2utlan3 aq4 se 2uol os uag4 l2utpuv4s4no spuog Aluo aq4 aa'e spuog TAT saiaaS aqj jI(o)
•q;uouz aq4 2uianp
anp auzooaq IliAi ao aq ALuz gaigm pa44iuzaad ao peziaoq;ne sa2xeg3 ao saaj aaq;o Aute ao
spuog aqj aoj s4ua2V 2uiAvd ao 4ua2-V 2uiAva aq� jo saaj ao aaj dine sanuanag pa2pald
uzoaj ALd o4 paambaa pine paziaoq�n-e aq ii-egs pavog aq4 'anogte gxau °(e) gdLa2taed Aq
paatnbaa saajsuva� Sine 2ui3ieuz aa4jt 'aa4jLaaag g4uouz go-ea jo Avp 4sat,I age. up (q)
paamboa uiaaaq� s-e ao aan4vuz Aag; se spuog pies jo
lvdiauiad jo uogelnuznaoe zo 4uauLNd aq4 pie uo 4saaa�ui jo juauLAvd aq4 aoj
utaaag4 paambea s4unotue aq4 spuog I-euogippV ao spuog uoilalduzoo jo sansst_
aan4nj 2uiziaogjnv aoueuipao dine ui pagiaads sa4Lp ag; uo 2uiuut!Raq (iii)
pine :mead 2uzpaaaans jxau gova ui I aaquzaeoN uo spuog iL61 sataaS ago uo
2ugn4low lvdtouiad aq4 jo glzi/i o4 Ivnba 4unouzv uv `9661 `1 aaquza4daS g2noagq
a91PaaagP Muouz goMa Jo A'ep;sI aq;uo pine `:PL6i `i aagopo uo 2uiuuiRaq(ii)
'spuog
TL6i saiaaS aq4 uo anp 2uiuzooaq uag4 4saaa�ui aq4 Avd o4 spuog Ituoi�ippV ao
uopolduzoo jo sanssi am4nj uzoaj popinoad uaaq seg Aauouz ;ualxa ago o4 salvp
Bons uo paambaa aq Ilegs saalsuea� ou 4Leg4 °aanamoq `popinoad !aa4jtaaaq; a;,ep
4uauzAud 4saaa4ui 2uipaaaans gosa uo pie 9L61 `I AVN uo spuog IL6j saiaaS ago
uo anp auzooaq o4 4saaa4ui jo 4unouzv aq4 jo q;s/, apzeoad Axessaaau 4unoure ut,
°aa��eaaag�gluouz gzma jo Avp 4sj age uo pie `:PL6i `i lagopo uo 2uiuuL!Raq(i)
plesaaop sLe `sasodand
age aoj algtI!LIne pine uiaaaq� 41sodap uo &pLaale sAauouz Aute aoj 2ui4unoz)Zm aa4jLe
`punct 2uquzS pine 4saaa�ul uzalsAS 2uiland aq4 ol zajsueaIlLgs paeog aqj (Le)
:dim-04 `pa4,eoipui
s4unouz-e aq4 ut pine sajvp aq4 uo pine aapao 2utenollo3 aq4 ui joaaag4 saajsu-ea4 pine
s4lsodap Sxassaaau a itm Ilvgs paeog aq4 pine `puna 4aodaiv tutor aq4 uig4yA pun�q
System Bond Interest and Sinking Fund for the uses specified for that Fund, and
the deficiency thus occurring in the Fueling System Bond Reserve Fund shall be
restored at the times required by paragraph (c) of Section 7.3 hereof.
Section 7.5. SECURITY AND INVESTMENT OF FUNDS. (a) For so long as moneys
relating to the Fueling System and the Bonds on deposit in the Joint Airport Fund shall
be held by the Treasurer, the same shall be secured in the manner provided by the
agreement from time to time in effect between the Board and the Treasurer. In the event
the Cities shall elect to place the moneys in said Fund, or any part thereof, elsewhere,
the same shall be secured at all times in the manner provided by law for other public
funds, and, except for current requirements, shall be continually invested in appropriate
Investment Securities. Earnings on the Fueling System Construction Fund shall be re-
tained therein for the purposes of said Fund. Earnings on the Fueling System Bond Interest
and Sinking Fund during construction of the Initial Facilities shall be transferred to the
Construction Fund; and thereafter, such earnings shall be retained in the Fueling System
Bond Interest and Sinking Fund and shall be applied in reduction of the Net Rent required
to be collected under the Lease Agreement. Earnings on the Fueling System Bond Reserve
Fund shall be deposited to the credit of said Fund until such time as the then maximum
amount required to be on deposit therein shall be established therein, and any excess
earnings during construction of the Initial Facilities shall be transferred to the Fueling
System Construction Fund; and thereafter such earnings shall be transferred to the
Fueling System Bond Interest and Sinking Fund and shall be applied in reduction of the
Net Rent to be collected under the Lease Agreement.
(b)The Cities hereby specially convenant that, until such time as permitted by govern-
mental rulings or regulations under Section 103 of the Internal Revenue Code of 1954,
as amended,the proceeds from the sale of the Series 1971 Bonds and any series of Additional
Bonds or Completion Bonds, except such of the proceeds of the issue (i) deposited into
the Fueling System Reserve Fund, and (ii) deposited into the Fueling System Construction
Fund,will not be used to acquire securities or obligations (other than obligations described
in subsection (a),(1) of said Section 103) that will produce an adjusted yield greater by more
than one-half of one percentage point than the adjusted yield of the respective series of
Bonds as such adjusted yields are computed by Part 13 of the Temporary Income Tax
Regulations issued November 12, 1970, under the Tax Reform Act of 1969.
ARTICLE VIII
COMPLETION BONDS, ADDITIONAL BONDS AND REFUNDING BONDS
Section 5.1.COMPLETION BONDS. (a)The Cities reserve the right to issue Completion
Bonds payable from Pledged Revenues, for the purpose of completing (i) the payment of
the Costs of the Initial Facilities; and (ii) the payment of the Costs of the Fueling System
in connection with any project for which Additional Bonds have been issued.
(b) Completion Bonds shall be on a parity with and shall have the same rights and
privileges hereunder as the Series 1971 Bonds and any Additional Bonds issued hereunder,
and may be issued upon and subject to the following convenants and conditions, to-wit:
(i)In any issue or issues of Completion Bonds relating to the Initial Facilities,
the Cities shall include within the principal amount of each issue, an amount
equal to (A)the interest to accrue thereon during the remaining estimated period
prior to which the Fueling System will'be completely constructed; plus (B) the
amount necessary to cause the Fueling System Bond Reserve Fund to have on
deposit therein an amount equal to the average annual principal and interest
requirements on the Series 1971 Bonds then outstanding and any Completion
Bonds previously issued and being issued. The amount specified in Clause(A) shall
17
8[ 'spuog jo ;uatuled
aq4 o4 pa;jiutuzoa uiaaaq sanuanaH pa2p9ld aq4 aaquznaua aag4mj ao a2pald aauu-em dine
ui 4ou Ilim sai413 aq; `spuog lteuot�ippV pue spuog uoi4alduzoo jo aauLenssi aqj g2noag4
4daaxg Saj2NHAg2r QaOQa7d ZO SHONV&rgKIlONa 2LHH.L2LI1J ON T:8 uoipas
-2uipunjaa oq4 aa4jL, 2uipue4sjno uivwaa IllAk gaigm spuog SuL,
o4 aoiaadns pue aoiad sanuanaH pa2pald uo uatl L' anteq Ilim gaigm panssi aq IlL'gs spuog
2utpunjaH ou 4,egj papinoad `a;Liadoaddt; aapisuoo sat4io aq4 ami4 duL, 4v spuog 2utpuLjs4no
rSute jo Ilv ao 4.zLd Auv punjaa of mel Aq paziaog�nt: aauuttu Bute ut spuog 2utpunjaH
anssi o4 mel alq-eailddte ,SuE g4im aauepaoaat; ut ;g2ia aq; eAtLl IlL'gs sallID aq; `Z•8 puL, I'8
suoiIaas ui paziaogjnu spuog aq4 o� uoi4ippv uI 'SQNOS ONIQNIIda2I '8'8 uoi;aaS
•spuog TL6I sataaS aq; se sg4uout pine sALp aures aq4 uo algv.Sed
4saaa;ui avaq put, q�uouz pule Avp axwes ag; uo aan4vuz llegs spuog Ivuol4lppV (p)
•anp auzoaaq put; aangt;ut atues aq4 ste 2uiput,4s�no aq o4 spuog aq� uo
�saaa4ut pue jo lvdmuiad llu Std o4 4uai3tUjns�unouzv ue ui pastaaoui aq II?m�uauzaaa V
asvaq aq4 aapun woo 4aN aq4 gatgm aapun saassa-I ago pue pavog aq� Aq pa4maxa
juauzna�sui uaj;jam t, Aq paauapiaa SLI `�uatuaaa2V aseaq aq; Sq paambaa aauusuz
aq; ui saassaq agj Aq panoaddte aq llegs spuog ILuot�ippV age. jo aoumsst aqs (a)
*anssi aq; jo a4vp
aq4 uzoaj silluouz (pg) fi,xis 2utp99axa fou potaad V aano s4lsodap &Igluolu Imba Allvtq
-uvjsgns ui sanuanaH pa2pald uzoaj pa4vinutna3v aq o4 4unoure ut; gans 2uiainbaa(ii)ao
°anssi pies aaljt; 2uipue;s4no aq o4 spuog aql uo s4uauzaambaa 4saaa4ut pue Ivdmuiad
Imuute a2ea9nLe aq� o4 Imba junourte ut,uiaaag4;isodap uo anUg o4 pund anaasaH puog
uzalsAS 2uilanj aq4 asnva o4 Sayssaaau;unouxe aqj of lenbe 4sval 4v�unowv ut, spuog
IL,uoilippV jo anssi gzma ut 2utpnlaui (i)aagjia .Sq punct anaasaH puog uza;s.&S 2utland
aq4 ui Iisodap uo aq o4 paainbaa uag4 s4unouxv aq4 asvaaaui Iltgs saglD agZ (q)
•uiaaagl 41sodap uo aq o4
paamboa uag4 s4unoure aq4 ui saiauatagap ou oat aaaq�pule 4uaaana oat spund pies gvgq
PUL, llnj ui opmut uaaq ant;g pagsilgL,4sa pine pa4voaa uiaaaq spund snotatee aq; o;ui
s4uautd,ed Ile ;vq� ,Sji4aaa 1S11'e3t3ioads ll-egs a4,ez)Ugi9a plvS •pzeog aqq 3o 1Sav;aaaaS
pine uteuzaivgD aq4 jo a4vagi4aaa v Aq unnogs se panssi aaojo;aaagq spuog Sue o�
2uptelaa pa4dopv aajjLaaaq aaueuipao aag4o SuL, ui ao aauLutpaO siq� ui pautt;;uoa tut
-3Iv;aapun ao uoqe2ilgo °�uLuanoo AULI ut 41nvjap ui aq uaq�4ou Ilegs sailio aqj,(e)
:41m-0; `suoi;ipuoo pine S�Ueuanoa 2utmojloJ aqj off.
4oafgns pine uodn panssi aq Aviu spuog IeuogjppV -spuog uoigalduzoD aqq pine spuog IL6i
saiaoS aq4 se aapunaaag sa2aliniad pie slg2ia auxes aq4 anvq Iltgs pie g4ltA A;lu2ip Imbe
jo pine AlIxed e uo aq IILgs spuog leuoi;ippV •uza;sAS 2uilan3 aq� 2utaeldaa ao 2uiaivd9a
`2utPna4suoa 12uuoaduu `2uipua;xa ;o asodand aq4 aoj sanuanaH pa2pald uzoaj alge.f,ed
spuog I-euogippV anssi o�4g2ta aq4 anaasaa saplo ag4'I.8 uoilaaS ut papieoad ste `spuog uop
-alduzoo anssi off. panaasaa 4g2m pies off.uogippe uI 'SQNOS 7VNOILIQQV 'g'8 uoiPaS
•spuog IL6i saiaaS aq4 sv sq;uouz pine sSvp auzvs aq�uo algvAvd;saaa�ui avaq pine
`q�uout pie Avp auzles oq� uo aan4Lxu o; apeuz aq IILgs spuog uoi4olduzoo (iii)
sat�i� aq4 ao pavog aqj °saassaZ aqI Aq p92uega ao popuaurte
`popuiasaa °paa94Ie uaaq ;ou s-eq aepunaaag4 �uaH 4aN pas'eaaaui jo ;uaTuALd
aq4 o� st; page aqj q�im spuog uopaldutoo anssi o; �g2ia �saplo oq4 4eq� pine
4uautaaa2V aseaZ aq4 aapun 4Invjap ui 4ou oat, saassaZ aq; 4,eg4 Iaajja ui 2ui4v4s
94te3tj4aaa -e 94maxa Ilvgs paLog aq; jo 1Sav;aaaas pie uumaiegO aqj (ii)
�oaaag g•8 uotPaS Aq pa441uzaad spog4auz aAITeua94lV aq4 jo auo Bq
pund anaasaH puog uta4sAS 2uilan3 aql ui Iisodap uo aq o4 paambea s;unoLuL, aq4
asvaaaut Ilvgs satlio aq4 `spuog uoi49lduzoO aag4o jo sansst ao anssi Auv uI •pun3
anaasaH puog uta4sAS 2uiland ago off. pa4lsodap aq llugs (g) asnelo ui pagioads
4unouze aq� pie puna 2upluiS pue 4saaajul uza4sAS 2utland aq; o4 palisodep aq
ARTICLE IX
MISCELLANEOUS COVENANTS
Section 9.1. COMPLETION OF THE FUELING SYSTEM. The Cities, to every extent
they lawfully may do so, covenant and agree to proceed without delay to commence and
complete the Fueling System and all functionally related parts of the Airport at the earliest
practicable date.
Section 9.2. PAYMENT OF BONDS. Subject to the provisions of Section 2.2(d) and
Section 7.1 hereof, the Cities agree promptly to pay the principal of and interest on every
Bond at the places, on the dates, and in the manner specified herein and in the Bonds
and coupons appertaining thereto.
Section 9.3. TRANSFERS OF AIRPORT AND FACILITIES. So long as any Bonds
are outstanding and unpaid, the Cities shall not sell, transfer or dispose of the Fueling
System, except for the leasing thereof for operations as a part of the Airport, and for
the disposal of surplus or obsolete property of or as a part of the Airport in the course
of exercising the right specifically reserved under Section 9.6 of the 1968 Concurrent Bond
Ordinance, which includes the provisions of Section 9.6(B) all of which are incorporated
by reference herein and shall be deemed to be a part hereof, wherein the Cities retain,
reserve, and shall have the right and privilege of transferring, selling,leasing or disposing
of the entire properties/and Facilities constituting the Airport to another political body
or political subdivision of the State of Texas, which shall be authorized by law to own
and operate airports, subject to the conditions contained therein, all of which are incorpo-
rated by reference herein and shall be deemed to be a part hereof.
Section 9.4. RULES AND REGULATIONS. The Board, shall establish and enforce
reasonable rules and regulations for the use and occupancy, management, control, opera-
tion, care, repair and maintenance of the Airport, including the Fueling System, and the
Lessees, subject to the Lease Agreement, shall abide by and obey all applicable rules and
regulations including those governing passage over, across and through the Airport. The
Board will comply with all valid acts, rules, regulations, orders and directives of any
executive, administrative or judicial body applicable to the Airport, unless the same shall
be contested in good faith, all to the end that it will remain operative at all times.
Section 9.5. BOOKS, AUDITS, INSPECTION. (a) So long as any Bonds remain out-
standing,proper books and records and accounts will be kept by the Board showing complete
and correct entries of all transactions relating to Net Rent, the Fueling System and the
Lease Agreement.
(b) The Board shall, after the close of each fiscal year, cause an audit of such books
and accounts to be made by an Independent Accountant, and each such audit shall include
the following:
(i) a complete schedule showing the beginning and ending balance in each
of the Funds created and established hereby;
(ii) all deposits to the credit of and all withdrawals from each Fund created
and established hereby;
(iii) a list of the insurance policies in force at the end of the Board's fiscal
year, setting out as to each policy the amount of the policy, the risks covered,
the name of the insurer, and the expiration date of the policy.
(c)All expenses incurred in the making of the audits and reports required by this Section
shall be regarded and paid by the Lessees as an expense of operation of the Fueling System
except during construction of the Initial Facilities when it shall be treated as a Cost of
the Initial Facilities. The Board shall furnish promptly (and in any event within sixty
19
oz
WIWI aauusuz s up 4u9uz9aj2V assaq aq4 jo suoisuoad aag4o Aus aaaojua off.4aal2au ao
asnjaa `llej asyAlag4o ao `4uauuaaa2V aseaZ aqj xapun 4uaa 4aN jo saassaZ aqj Aq
4uauLud aq4 aaaojua of 4a912au ao asnjaa `llej llugs pavog aq� ao sal�i0 aqj, (p)
:spuog due
Jo aaplog Sus Sq glnsjap gans jo aagou aa4ju seep (09) Agxls jo poiaad s aoj ;oaaaq;
uoi4snui�uoa aq� pie `aausuipao sig4 jo suoisinoad pie suza94 aq4 g4jvi aauupaoaas ui
pisdaa aq o4 A4111ge ao padsoad aiag4 off. pa4iuupl 4ou inq 2uipnloui `spuog aq4 jo saaploq
aq4 jo s4g2lx aq4 spajgs Allela94'em gaigA uzaojaad oq aanlisj aqj `;uauuaaa2V pie
43saluoo aq4 ui pauisIuoa juauu4iuuuuoa ao 2uppe4a9pun `4usu9noa.Sus ui 4Inu;aQ(a)
:joaaagq agsp anp aqq
aa4js seep (08) B4apg4 jo popaad s aoj anuquoa llegs aanliuj gans pine algsAsd pine anp
auuoaaq llegs auuss age. uagm 4saaajui jo 4uauulls4sui Sus dud oq aanliuj aqj, (q)
!algsAsd pine anp auuoaag Iiegs auzus
ago uagm spuog aq; jo Awe jo ludiaupad aqq jo 4uatuAed aNsuz o4 aanllej aqj, (u)
:dim-off
« Q`�Ins�aJo Huang„ us aq o; paaslaap Sgaaag sp pie ag llugs aausuppaO spg4 jo sasodand
ago aoJ s4uana ao saauaaanaao 2upanolloj aq4 jo gasg NOIJ.JRIOS;YQ •i•01 uoiPas
Z'II1vaaa ao saiaa an QAN sjNaAg
X alailav
•paainboa uiaaaq
souiq aq; 4u pie pa4uaaa upaaaq spund luiaads aq4 ui 41sodep uo aq o4 paainbaa sjunouxe
aq4 uis;uyeuz o4 pie alguIed pie anp su pie uagm uoaaag4 4saaa4ui Iiu pine spuog aqq
aai4aa pus Bsd of 4uai3jUns aq Ilugs se sa2asga pie saaj `sje4uaa `sa4sa gans uza4s.&s 2uilan3
aq4 off. 4aadsaa g4yA palloa `asoduui o4 sa9.z2e pine s�usuanoa Agaaaq ppuog aq4 `joaaaq i•L
uogoas jo (a) asnula Aq p94ejduu94uoa ss `spuog aq4 jo�uauz,Ssd aq4 04 p940nap aq o4 paainbaa
aau uuoajaaag4 `uoi4aallo3 jo sasuadxa ssal `s;diaaaa ssoa2 aq4 pine uuagsffs 2uilan,3 aq4
sa4uaado pasog aq4 pie 4uauuaaaV aseaZ eq4 aapun saassarI aq4 Aq 4uaZj 49N jo 4uauz.Ssd
aq4 ui 4Insjap s Jo 4uan9 aqj uI •S;YONV,LSNI NIV.LYaJ NI SHIV Y •8.6 uoiPas
quauzaaa2V as eaZ aq4 ui
papinoad se pailddns aq llegs AauaiDUap agj `asodmd gans aoj 4uai3UTnsui aq ll,egs speaooad
gans jI •sa4up ao alep 4uauLNd Is�uaa 2uppaaaans Ixau ago uo anp 2uiuzoaaq saassa-I aq4 jo
;uag 49N aq4 aanpaa o4 pasn aq Ilsgs pine saassa-I aq4 jo 41paaa aq4 o4 puna 2ui3luis pie
4saaa;ul puog uua4sAs 2uilan,3 ago ui pa4lsodap aq Ilugs 2uiuiet uaa aauslsq aq; asodmd gans
aoj 4uaiapjns uug4 aaouz axe spaaaoad gans jI •spaaaoad gans zoj 4uauzaaa2V aseaZ ago up
papinoad aauuuuu aq4 ui posangsip pie pasog aq4 Aq plaq aq Ilugs pus 1.94aadoad paAoa4sap
ao pa2uuzsp aq4 jo uoRz)na4suoaaa ao 4uauzaasldaa `apsdaa aq� o4 paildds aq Aasssaaau
4u;94xa aq4 o4 II,egs pus `aoj aigslisns aq Ilsgs aauemsup gans lle jo spaaaoad aqy
4uauzaaa2V assaZ age jo 9-9 uoi4aas jo suoisinoad aqj g4im aauepaoaas
ui `apsuu uaaq aeug Ilsgs 4uauzAed gans aoj uoispnoad ao pisd uaaq anuq Ilugs `uoaaag4
4saaa;up aq4 pus `Bgaaaq paanaes spuog IIs Iijun sauuq lle js uza;sds 2uilan3 aq; paansup
aq o4 asnsa ao aansup IlyA 41 4ug4 s4uuuanoa pasog aqj, '90NV?IIISNI •L•6 uopPas
•wauuaaa2V assa7 aqq jo suoispnoad aq4 o4 pafgns `o;aaag4 saiudaa
a4spadoaddu pus Axessaaeu IIs aNuuu 04 pus aua4 pus auaen Isuuaou aoj 4daaxa `uogjpuoa pus
aapao pool up sauu14 lle 4s uza4sds 2uilan3 aq; uie4upsuz of saassarj aq4 asnua iliAi �i 4sg4
s4uuuanoa pasog agy NOIlO;ydSNI SjLLI7IOV,d jO ZONV NS LNIV N •9.6 uoi;Das
•spuog ag; Jo aaplog ,&us o4 4sanbaa uodn s4aodaa pus s�ipne gans
jo gasa jo Adoa u (sap4io aq; q�im palTj sp 4aodaa pus gipne aqq auuq aq4 uuoaj sdsp (09)
materially affects the rights of the Holders of the Bonds, including but not limited
to their prospect or ability to be repaid in accordance with the terms and provisions
of this Ordinance, and the.continuation thereof for a period of sixty (60) days after
notice of such default by any Holder of any Bonds;
(e) An order or decree shall be entered by a Court of competent jurisdiction with
the consent or acquiescence of the Cities appointing a receiver or receivers for the
Airport or the Fueling System or for or of the rentals, rates,revenues,fees or charges
derived therefrom; or if any order or decree having been entered without the consent
or acquiescence of the Cities shall not be vacated or discharged or stayed on appeal
within ninety (90) days after entry;
(f) The Cities shall default in the due and punctual performance of any other of
the covenants, conditions; agreements and provisions contained in the Bonds or in
this Ordinance on their part to be performed, and if such default shall continue for
thirty (30) days after written notice specifying such default and requiring the same
to be remedied shall have been given to the Cities, or to the Board by the Holders
of not less than two percentum (2%)in aggregate principal amount of the Bonds then
outstanding.
Section 10.2. REMEDIES FOR DEFAULT. Upon the happening and continuance of
any of the Events of Default as provided in Section 10.1 hereof, then and in every case
any Bondholder, including but not limited to a trustee or trustees therefor, may proceed
against the Cities and the Board, for the purpose of protecting and enforcing the rights
of the Holders of Bonds or coupons under this Ordinance, by mandamus or other suit,
action or special proceeding in equity or at law, in any court of competent jurisdiction,
for any relief permitted by law, including the specific performance of any covenant or
agreement contained herein, or thereby to enjoin any act or thing which may be unlawful
or in violation of any right of the Bondholders hereunder or any combination of such
remedies. It is provided, however, that all such proceedings at law or in equity shall be
instituted, strictly subject to the provisions of Article II hereof and to Section 7.1 hereof,
and shall be had and maintained for the equal benefit of all holders of the Bonds and
the coupons then outstanding. Each right or privilege of any Bondholders (or trustee
thereof) shall be in addition to and cumulative of any other right or privilege and the
exercise of any right or privilege by or on behalf of any Holders shall not be deemed a
waiver of any other right or privilege thereof.
ARTICLE XI
AMENDMENTS TO ORDINANCE
Section 11.1. LIMITATIONS. (a) This Ordinance may be amended by concurrent ordi-
nances adopted by the City Councils with the written consent of a majority of the Lessees
as defined in the Lease Agreement and the Holders of 662/s% of the Bonds outstanding
hereunder at the time of the adoption of such amendatory ordinance (not including any
Bonds then held or owned by the Cities); provided, however, that no such ordinance shall
have the effect of permitting—
(i) an extension of the maturity of any Bonds;
(ii) a reduction in the principal amount of any Bonds,the rate of interest thereon,
or any redemption premium payable thereon;
(iii) the creation of a lien upon or a pledge of revenues ranking prior to the lien
or pledge created hereby;
(iv) a reduction of the principal amount of bonds required for consent to such
amendatory ordinance;
21
ZZ
•dgaaag paziaoglne spuoq aq4 ao; d1Iamas ag4 ao aaweuzpap
sigl dq pasoduzi ao pa4vaaa suail ao sa2pald `suoi4ipuoa `s;uVuanoa dine Ivadaa ao aonpaa
`94nlT `gsiuiuzip aauvuipa0 jv4u9ua9lddns gons dine IlL>gs;uana ou ui 4Leg4 `aanamog`Papinoad
:s;sixa 430JOP ao daua;slsuoaui `aoaaa `.&4j"Iquz-e gans 4tg4 uogeuzuzaa�ap uodn o�aaag
Ie;uauzalddns aaueuipao 1SuL uz ao aoueuipap sigh ui pauis�uoa uoisznoad an1439jap ao 4u94sis
-uooul duL �uauzalddns ao pea-10D ao `aoaaa Ieaigdvj2odd; ao d4jn2jquxL, duL, paaaoo aaueu
-!Pao jue uauaalddns dq `sliounoo 4410 anz;aadsaa mag4 Sq pe4dopLe aaueutpao juaaanouoa.v
o; juvnsand `d,euz sagio aqj (,e)T•jj uoljoaS jo suoisieoad age off. �aafgns Z;-IT uoijDas
a�eaz�i�aaa gons ui pagiaasep spuoq
aq4 duuduzoa ;sna4 ao 3Iueq gans g4im 4Isodap uo puq uosaad gans pauoquauz uiaaag4 aj�ep
zoa
aq; uodn 4vgj 2utmogs duvdu ;sna4 ao 3IuLq algtsuodsaa u dq pa�.noaxa a4�eotlj4aaa u dg
panoad aq dvuz amus aq4 2uiplog siq jo a4,ep aq; pine �uauzna�sui gans 2ui4noaxa uosaad
dine Sq plaq spuog aq� jo saaquznu pine 4unowu agZ crIHS&TgNA10 ,d0 JOOUC[ (2)
•aaDWo gans aaojaq o; uaoms
uoiqnaaxa gans o4 ssau4im U Jo�IAUPUJL ute dq panoad aq rSutu sIaej gans ao:joaaagl uoi;noaxa
ago uaig aaojaq Pa2palmou3jDu 4uauznalsui gans 2uiu2is uosaad age. 4uq; `uozpipsianf gans
uzgjim spaap Jo s4u9ux2P9lmou3jz)u 93Iv4 o4 paziao1q;nV sz joaaag4 smvl aq;dg ogm`uoz;aipsianf
duL ui aaozUjo dine jo aleDU14aao ag4 dg panoad aq dvuz uoz;aaS sig4 jo suozsinoad ago aapun
;uauznalsul du_e Jo uol;naaxa aq4 Jo NtP pule 4OLU aqy 'S.LN9NA2L.LSNI JO.1002Ld(J)
•uoijBaonaa gans ui o; paaaajaa
aauvuipao dao4vpuaure aq4 Panoaddv put, o4 pa;uasuoa `uoi�'eaonaa pa4duza;;e age o� aoiad
`2uipu,e4nno spuog aqq jo olos/zgg jo saaploH ago Ji anz;aaJJa aq;ou II'egs uoi4leaonaa gans�nq
`PaIeog ag; g4im uoi;'eaonaa gons jo aai4ou 2uilU .&q 91114 ui aossaoans L, dg ao �uasuoa gans
an'e2 ogm aaploH aq; dq pa3lonaa aq dvuz juasuoa gans `aai4ou jo uoi4vDiignd aq; jo a4vp
aq4 uzoaj sg4uouz (g) xis aa4jv auai4 dine �V •poiaad gons 2uianp puog auaLes aq4 Jo saaploH
am4nj Ilv uodn 2uipuiq pine anisnlauoo aq Ilegs pine aDpou ago jo uoi4vazlgnd aq4 jo a4up aq4
uzoaj sgjuouz (g) xis ;o pozaad v ao; algeaonaaaz aq IlLIgs uol;aaS szg4 jo suozsinoad aq4 o;
4uLensand puog u jo aaploH aq4 dq uanz2 Juasuoa SUV •ONIQNIg INaSNOO gNIIL (a)
joaaag4 suozsinoad agj of 4umsand uoi�o�e dine 2u1�Ie� uzoa� sai�i0 aq� uiva�saa ao
uiofua off. ao `aautuipao dao4vpuaure gans jo uoi4dope ago o4 ;aafgo of ;saaa4ui ao 4qpza dine
anVg IlL,gs `;uasuoa dine P9310naa anteq llegs ao 04 Paluasuoa aneq Iltgs aaploH gans 4ou
ao a9q49gm `puog dine Jo aaploH ou `aauVuipao gans jo uogdopv aqj off. PaIuasuoa aneg
2uipuL,4s4no spuog aq4 jo %E/z99 ;st'al T9 Jo saaPloH agl JI :LNgSNOO ONIQNIS (P)
•2uzpuv4s4no uaq�. spuog age. jo olaE/z99 �s 'al V Jo saaploH aq� dq
PO;naaxa joaaalg4 uoi4dopte aq4 o4�uasuoa u9441aeA pavog aq;g4Iem palg si aaag4 aoigou pies jo
uoi;'eailgnd aq4 jo a4vp aq� uzoaj mead (T) auo uiq�im jI anz;aaJJa auzoaaq iiegs auzvs aq4
pine aauteuzpao dao�vpuauzv gans �dopv deux sagjo aqs, :LNgN(TNHNV 2 OLd HNI.L (o)
uoi�oadsuz azlgnd aoj pavog aq; jo aaUjo aq4 ui alrj uo sz joaaaq; Ado;)
'e 4Vg4 pine �uauzpuauzv pasodoad aq4 jo aan�vu aq4 alv4s &Ijaiaq ll'egs aai4ou gans •NaoT,
maN `Nao.jmaN jo d4ID aq4 ui pagszlgnd Ivuanof Iezouvuij ao aadvdsmau Itzaueuzj L, ui auz14
auo pagsilgnd aq off. ;uampuauzLe pasodoad aqj jo az)pou asn-ea IILgs sagiD aq4 `aaueuzpaO
sig4 puatue o; asodoad iiegs sai4iE) aq; aanauaqUA INHN(INJNV jO ggljON (q)
-2uzpuv4s4no uag4 spuog aq4 jo lle uLg4
ssal jo saaploq aq4 jo s;glia aq; 2ug3ajjte aszmaagjo ao jo uoi4Leazjipouz aq� (In)
ao :spuog 2uourte sai;jaoiad jo 4u9uzgsilgv4sa aq; (n)
ARTICLE XII
SEVERABILITY AND REPEAL
Section 12.1. ORDINANCE IRREPEALABLE. After any of the Bonds shall be issued,
this Ordinance shall constitute a contract betw9en the Cities and the Holder or Holders
of the Bonds from time to time outstanding,jSnd this Ordinance shall be and remain
irrepealable until the Bonds and the interest thereon shall be fully paid,cancelled,refunded
or discharged or provisions for the payment thereof shall be made by depositing money
in trust with the Paying Agent or another National Banking Association equal in amount
to the aggregate principal amount of Bonds outstanding plus interest to their earliest
redemption date, or, if none, to their maturity.
Section 12.2 SEVERABILITY. If any Section, paragraph, clause or provision of this
Ordinance shall for any reason be held to be invalid or unenforceable, the invalidity or
unenforceability of such Section, paragraph, clause or provision shall not affect any of
the remaining provisions of this Ordinance, or any of the provisions of the Lease Agree-
ment.
Section 12.3. REPEALER. All orders, resolutions and ordinances, or parts thereof,
inconsistent herewith are hereby repealed to the extent of such inconsistency.
ADOPTED AND CORRECTLY ENROLLED November 15, 1971.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
[SEAL] Mayor, City of Dallas, Texas
ATTEST:
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
City Secretary, City of Dallas, Texas
APPROVED AS TO FORM:
City Attorney, City of Dallas, Texas
ADOPTED November 15, 1971.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mayor, City of Fort Worth, Texas
[SEAL]
ATTEST:
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
City Secretary, City of Fort Worth, Texas
APPROVED AS TO FORM AND
LEGALITY:
. . . . . . . . . . . . . . . . . . . . . . . . . . . .
City Attorney, City of Fort Worth, Texas
23
i
�`
i
I
Airport Board Agreement
Number 23101-C.
Number 23102-C.
Number 23104-C.
Number 23105-C.
(Conformed and Certified)
Special Facility Fueling System
Lease Agreement
By and Between
DALLAS-FORT WORTH REGIONAL AIRPORT BOARD
Lessor
and
AIRLINES,, INC.
BRANIFF AIRWAYS, INCORPORATED
DELTA AIR LINES, INC.
EASTERN AIR LINES, INC.
Lessees
(including provisions for net rent and ground rent)
Dated as of April 1, 1971
.I
TABLE OF CONTENTS
Page
Parties . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
Preambles. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1
ARTICLE I
Definitions and Terms
Section 1.1. Definitions . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2
ARTICLE II
Representations
Section 2.1. Representations by Board. . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
Section 2.2. Representations by Lessees . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5
ARTICLE III
Financing and Construction of Initial Facilities
Section 3.1. Initial Facilities, Series 1971 Bonds . . . . . . . . . . . . . . . . . . . . . . . 5
Section 3.2. Plans, Specifications, Approvals, Changes . . . . . . . . . . . . . . . . . . . 6
Section 3.3. Approval of Construction Bids. . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Section 3.4. Contract Terms . . . . . . . . . . . . . . . . . . . . . . . 6
Section 3.5. Phased Financing . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Section 3.6. Insufficiency in Funds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6
Section 3.7. Inspection . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
ARTICLE IV
Term, Use, Possession, Quiet Enjoyment
Section 4.1. Effective Date; Duration of Term. . . . . . . . . . . . . . . . . . . . . . . . . 7
Section 4.2. Delivery and Acceptance of Possession . . . . . . . . . . . . . . . . . . . . . 7
Section 4.3. Quiet Enjoyment . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7
Section 4.4. Use . . . . . . . . . . . . . . . . . . . . . . . : . . . . . . . . . . . . . . . . . . 7
Section 4.5. Ingress and Egress . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
ARTICLE V
Ground Rent and Net Rent Provisions
Section 5.1. Ground Rent . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8
Section 5.2. Net Rent. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11
Section 5.3. 1968 Concurrent Bond Ordinance, Other Costs . . . . . . . . . . . . . . . . 12
Section 5.4. Division of Rents Among Individual Lessees . . . . . . . . . . . . . . . . . 12
Section 5.5. Place of Payments, Use of Funds, Delinquencies . . . . . . . . . . . . . . . 14
ARTICLE VI
Operations, Insurance, Condemnation, Indemnity
Section 6.1. Independent Operator . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15
Section 6.2. Care, Maintenance and Repairs . . . . . . . . . .. . . . . . . . . . . . . . . . . 15
Section 6.3. Services to Airport Users, Discrimination . . . . . . . . . . . . . . . . . . . 16
Section 6.4. Governmental Requirements, Board Regulations. . . . . . . . . . . . . . . 16
Section 6.5. Prohibited Acts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16
Section 6.6. Insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17
Section 6.7. Damage, Destruction, Disposition of Insurance Proceeds. . . . . . . . . . 18
Section 6.8. Miscellaneous Insurance Covenants . . . . . . . . . . . . . . . . . . . . . . . 19
Section 6.9. Condemnation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20
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STATE OF TEXAS
COUNTY OF TARRAJ SPECIAL FACILITY FUELING SYSTEM LEASE AGREEMENT
(including provisions for net rent and ground rent)
THIS SPECIAL FACILITY FUELING SYSTEM LEASE AGREEMENT (hereinafter
called this or the "Agreement") made and entered into as of the 1st day of April, 1971,
by and between the DALLAS-FORT WORTH REGIONAL AIRPORT BOARD (hereinafter
called the "Board"), on the one hand, being the duly and lawfully constituted and operating
Board of Directors of the Dallas-Fort Worth Regional Airport (hereinafter called the
"Airport") belonging jointly to the Cities of Dallas and Fort Worth, Texas, (hereinafter
called the "Cities"), and AMERICAN AIRLINES, INC., a Delaware Corporation; BRAN-
IFF AIRWAYS, INCORPORATED, a Nevada Corporation; DELTA AIR LINES, INC., a
Delaware Corporation; EASTERN AIR LINES,INC.,a Delaware Corporation,(hereinafter
collectively referred to as "Lessees," and singularly without reference to a particular
Corporation, as "Lessee," and individually by reference to a part of the proper name of
such parties, respectively), on the other hand;
WITNESSETH:
WHEREAS, in the exercise of its lawful authority and the lawful authority of the
Cities, the Board has obtained and will obtain in the future funds for the purpose of the
construction, development and equipment of the Airport in both its first and subsequent
phases, the location and first phase configuration of the Airport being shown on Exhibit
1, attached hereto and made a part hereof; and
WHEREAS, the Airport, when its first phase is completed, will become the major hub,
primarily passenger and commercial cargo, airport for the metropolitan area of Dallas
and Fort Worth and the entire North Texas Region and in that regard will contain many
separately identifiable systems, complexes and facilities, each of which separately consti-
tute but a part of the Airport as a whole, and all of which are and will be functionally
relative and essential to the proper functioning of the others; and
WHEREAS, it has been found and determined by the Board that it is essential,
appropriate and necessary to the proper and orderly functioning of the Airport for its
public purposes that an adequate, well-planned, and major system (hereinafter defined as
and called the "Fueling System") be established, constructed and equipped at the Airport
for the storage, distribution, dispensing and supplying of aviation fuel of all types to the
public using the Airport, including the Lessees as public air carriers, all as a part of the
Airport's essential and necessary systems and facilities; and
WHEREAS, the funds with which to construct and develop the Airport have been and
will be obtained under the authority expressed, reserved and recited in a certain ordinance
adopted jointly by the Cities, effective as of November 12, 1968, and bearing the short
title "1968 Regional Airport Concurrent Bond Ordinance" (hereinafter called "1968 Con-
current Bond Ordinance"); and
WHEREAS, among other rights reserved therein and subject to its other terms, Section
8.7 of the 1968 Concurrent Bond Ordinance reserves to the Cities, when requested by the
Board, the right, power and authority to issue Special Facility Bonds for the purpose of
paying all costs of construction of Special Facilities (as therein defined); and
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(c) "Additional Bonds" means any Bonds issued for the purposes specified in
Section 10.4(b) hereof.
(d) "Board" means the Dallas-Fort Worth Regional Airport Board, as aforesaid.
(e)"Bonds"means the Series 1971 Bonds,the Completion Bonds and the Additional
Bonds, all of which are Special Facility Bonds within the meaning of the 1968
Concurrent Bond Ordinance.
(f) "Bulk Storage Facilities" means and includes the physical facilities for the
receiving,storing, and dispensing of aviation fuel by pipeline or other means,including
fuel storage tanks, suction pipes and manifolds, pumps, filter separators, related
controls and appurtenances; and such buildings and structures as are necessary for
the operation, administration and maintenance of the Fueling System as a whole and
including all utilities required or appropriate to such use, said fuel storage tanks and
incidental facilities (including underground pipelines) to be of such size, capacity and
number as will be sufficient to provide a storage capacity for aviation fuel for all
Aircraft Operators using the Airport, including the Lessees.
(g)"Cities" means the Cities of Dallas, Texas, and Fort Worth, Texas, as aforesaid.
(h) "Completion Bonds" means Bonds issued for the purpose of completing the
payment of the Costs of the Initial Facilities or Costs of the Fueling System.
(i) "Completion Date" means the date upon which the Initial Facilities are cons-
tructed, substantially completed and ready for occupancy, as established by a certifi-
cate of the Board's Deputy Executive Director, Engineering, (hereinafter called
"Board Engineer") which shall be based on the principal independent engineer's
certificate, specifying such date. The Completion Date shall not occur and the Fueling
System shall not be deemed substantially completed until the System has been flushed
and tested in coordination with the Lessees and until such System has been formally
accepted by the Lessees and the Board from the contractor and approved by the
Federal Aviation Administration or its successor.
(j) "Costs of the Fueling System" or "Costs of the Initial Facilities" means all
of the applicable items relating to the Fueling System, as provided in Section 8.7
and enumerated in paragraph 0 of Section 2.1 of the 1968 Concurrent Bond Ordinance,
including the cost of flushing, testing and balancing such System.
(k) "Distribution Facilities" means and includes all pipe, manifold and appurten-
ances from the Bulk Storage Facilities to the passenger and/or cargo aprons,hydrants,
or fuel stands at the Airport, including any mobile equipment acquired with the
proceeds of Bonds, pipelines, hydrant and other valves, surge suppressors, emergency
shut-off systems, and related appurtenances and controls, the same to include at least
two separate dispensing systems at each terminal half loop at the Airport.
(1) "Fueling System" means and shall include the Initial Facilities and all exten-
sions, additions, improvements and modifications thereto.
(m) "Fueling System Bond Ordinance" means the ordinance to be adopted by the
Cities for the purpose of authorizing the issuance, sale and delivery of the Series
1971 Bonds.
(n) "Independent Operator" means and refers to the Initial Operator and any
successor selected pursuant to the provisions of Section 6.1 hereof.
(o) "Initial Facilities" means the properties, facilities and equipment to be con-
structed and acquired and which will comprise the initial properties of the Fueling
System, such initial properties in general to consist of the Bulk Storage Facilities
and Distribution Facilities, including terminal distribution units, and other necessary
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sa�uvLjo Ljons LIIim aouepa000,e ui pine `joaaaLj g•S u014oas ui papinoad se `saassaq aq4
jo S4jiofL>N L Sq pie pauog aq4 Sq panoidde suoi4vopioads pine sweld 94alduuoo Ll4im
aou,epa000,e ui paddmba pie papna�suoo aq o4 aLuLs aL14 `o4aaaLj paLlo,e44U `Z 4!glgxg uo
pa;oapaa 2uiaq joaaag4 s4uauuaja aofvuu aq;jo uoi;Lool aq4`sai4ijjzmj pine sa3uvua4anddv
of a type herein mentioned and even though located away from the runway and
taxiway complex or outside the Airport.
(v) "Series 1971 Bonds" means the series of Bonds to be issued in response to
this Agreement for the purpose of constructing and equipping a part or all of the
Initial Facilities, as provided in Article III hereof, to be entitled "Dallas-Fort Worth
Regional Airport Special Facility Fueling System Bonds, Series 1971."
(w) "Starting Date" shall mean ninety (90) days after written notice has been
received by Lessees from the Executive Director of the Board, that the Federal
Aviation Administration (or other federal agency succeeding to its jurisdiction) has
officially certified that the Airport is operational; or ninety(90) days after the Comple-
tion Date; or on the date all Certificated Air Carrier Services (as defined in the 1968
Regional Airport Concurrent Bond Ordinance) serving the Dallas-Fort Worth area
are moved to the Airport, whichever is later.
ARTICLE II
Representations
Section 2.1. REPRESENTATIONS BY THE BOARD. The Board makes the following
representations as the basis for the undertakings on its part herein contained:
(a) The Board is the duly and lawfully created, existing and organized Board of
Directors of the Airport, having the power to enter into the transaction contemplated
by this Agreement and to carry out its obligations hereunder, and by proper action
the Board has been duly authorized to execute and deliver this Agreement.
(b) The Board has full right and authority in and to the Leased Lands and will
construct and equip thereon the Fueling System within the limitations herein set
forth.
Section 2.2. REPRESENTATIONS BY LESSEES. Each of the Lessees, respectively,
makes the following representations as the basis for its undertakings herein contained:
(a) It is a corporation duly incorporated under the laws of the State recited
aforesaid; is in good standing under its Certificate of Incorporation or Charter and
the laws of said State; is duly authorized to do business in the State of Texas, has
the power to enter into this Agreement without violating the terms of any other
agreement to which it may be a party, and by proper corporate action has been duly
authorized to execute and deliver this Agreement.
(b) It will in conjunction with the other Lessees, occupy the Leased Premises on
behalf of the Cities and the Board for the public purposes of the Airport for which
the same is being constructed and is to be operated hereunder, upon and subject to
the control and jurisdiction of the Board and the Cities in accordance with the terms
hereof.
ARTICLE III
Financing and Construction of Initial Facilities
Section 3.1. INITIAL FACILITIES, SERIES 1971 BONDS. (a) The Costs of the Initial
Facilities shall be paid with the proceeds of the Series 1971 Bonds.
(b) The Board agrees to diligently undertake the preparation of the Fueling System
Bond Ordinance and the submission of the same to the Cities for concurrent adoption and
to provide therein for such quantity of Series 1971 Bonds as will be necessary to pay the
5
9
aLll Lilim aauvpaoaa,e ui pasvaaaui Slieat vLuo4ne aq uodnaaagl Ilvgs joaaaLl Z•e uoilaaS
aapun aigv Sed luaa IaN aLil uaLll `spuog uotlaiduuoD dans jo aawenssi aqj jo luana aq; ut
pu,e `asodand lvLll ioj spuog uoilalduuoo anssi of sailio aLil Isanbaa IltLls pavog aq4 `Iinj
ut satltliate,d Imliul aLll to slsoo aq; Std of luaiaWnsui aq IleLls spuog TL61 sataaS aM Jo
ayes aul utoaj speaaoad aLil luana aLll uI 'SQNA T NJ 1IjNgjoljjASNI '9'S uoilaaS
joaaaiq g•S
uoilaaS ut papinoad ste spuog uotlalduuoo sv ponssi aq Ilvgs satlilia�,d lviliul aq4 jo slsoo
2utureuzaa aq4 aauLug of paainbaa spuog aqj •2uiauvug ieilaud Llans aoj panssi aq of spuog
TL6I samaS aq4 asn'ea of paziaoLllnv aq iltgs `saassarl aq4 jo SIiaofeN -e Jo ILenoadde aq;
Lilim pavog aLll `saililiat,d lmliul aq4 jo 2uiautug aq4 2utsegd Sq panLes aq ILl2iuu slsoa
Isaaalut luana aLll ut se Llans ao laodaiV aq4 jo s4xed aaq;o jo uotlanalsuoa aulltuts Lllim
satliiixe d Itiliul aLll jo uotlanalsuoa alvutpaooa of satessaaau si li luana E)qj ui ste Llans
`satliiiava lvtliul aLil Jo 2utauvug ivtlaed-e Lilim poaaoad of Ssessaaau li aapisuoa IieLls `luauu
-aaa2V siLil jo uoilnaaxa aLll aaljt `paLeog aLil JI 'ONIONVNIJ QgSV'Hd 'g'S uoilaaS
•joaaaq; Savia
-gauaq ste pavog aLll auutu of spuoq Bans `snail Isutv2v uzals.SS 2uilan,d aq; laaload of pine
salvp aauvuuaojaad pagiaads Sq uoilalduuoa aansse of se os spuoq IuauuSed put, aaueuuaoj
-aad aoj put, ilaom aLil 2utlipadxa zoj suotstnoad alviadoadde `uogleliLutl InoLllim 2utpnlaut
`papualui sasodand aLil ioj pavog aq; Sq paainbaa SlIvuzaou ao fiilv2al suotstnoad asog4
apnlaut iIvgs LllimaaaLll uotlaauuoa ?ui luautdtnba pu'e sietaal'euu jo asvgz)and aq4 ao satliiin,d
i'etliul aLil jo uoilanalsuoa aqq of 2uiltiaa slaealuo� 'SNdgZ ZOVdSx00 T'S uoilaaS
'PIaLILIjtm Slquuosvaaun aq of lou `aanamoLl
`lVnoadd'e Bans `aausldaaav ziaLll of aotad satllIlDie d iuiliul aLll jo uotlanalsuoa E)q4 zoj
pantaaaa spiq anoaddL,pue mainaa of ILi2ia aLil aneq ii'egs Isaassarl aLll jo.fliaoftN e g2noag4
pie Sq 2uipt, `saassarl aLiI 'SQIS NOILOA2[JSNOO J0 7V'AOLTddVr 'S'S uoilaaS
•tualsSS 2uilan,d aqj jo uotl-eaado aq4 of Ivtluassa
`aaaui2ua luapuadapui iedtauiad aq4 jo uoiuido aLll ui aae sa2utgz) Llans Ivg4 papinoad pu'e
`aol,eaadp luapuadapul aq; Lllim uotl'ellnsuoa anp aaljv Sluo apum aq Ilim sa2uegD Llans
l,eLll `aanaAwq `papinoad si 11 •saassarl aq4 uuoaj sluasuoa ao slenoadde Ieuotlipp-e 2uiuie4go
InoLllim sa2uvga Bans a3lutu Sum pavog aLil`apLLu aq uoilanalsuoa aq4 ui sa2ueg3 alquuosleaa
lvLll satliiiaLj pies jo luatuzdoianap pine uoilanalsuoa luapnad aLll of ietluassa si li lloLll
autuuaalap Ilwgs pavog aLll ji `satliiia,,d Ieiliul aq; uo un2aq s-eiq uotlanalsuoa aaup (a)
'plagglim Slgeuoseaaun aq IIngs slenoAft Llatgm,jo
aag4lau `saassarl aLil jo sliaocvN a pine paeog aq; .Sq panoaddv aq II'eLls se sa2u'eLia Llans
wteuu 11-egs pavog aLil `aojaaaLll suotivagiaads pine suvId aq; ui apvuz aq s@2ueq;) algtuoseaa
l'eLll satliiiae d Ieiliul aq4 jo luauzdoianap pine uoilanalsuoa luapnad aq4 of alq-eaisap si li
I'eLll autuzaalap il'eLis saassaq aq4 jo SliaofeN t, ao paeog aLil ji `aleQ uoilaiduzoZ) aq4 of
aotad am; Sue lt, pie suotl,eagiaads pine sueld aq4 Jo ienoadde Ietltut aLll aaljV (q)
joaaaq (p)T•g uoilaaS aapun saassarl aq; jo uot4-e2tlgo aLll aziLuiuitu SgaaaLll pie
alvQ 2utlae;S aq4 pine alvQ uoilalduuoo aLil uaamlaq auzil aLll aanpaa of ste os satliiiat d
lviliul aLll jo uoilanalsuoa as'eLld of slaojja Isaq sli asn iiegs patog aq4 `.WuiinpaLlas to
pog4auu Blvd i'eailiaa laafoad laodaiV aq; 2utlaam of IaafgnS 'plaLlLllim BlgVuostaaun aq lou
IIteLIs Ienoaddte LlaigAi `saassarl aLl4 jo Sliaofuj/V L Sq pie paeog aLll Sq panoaddte suotl'ea
-giaads pine suvId alalduuoa Lilim aautpaoxm ui paddinba pine palanalsuoa aq IIegs sEgjIlat,d
IL'MuI aLIZ(e) 'SHDNV'HO `SrIVAOYcfc[V `SNOISvOIdIoQdS QNV SNV'7d'Z'S uoilaaS
•puerl pasuarl aq; uo paddinba pine palanalsuoa Sialalduzoa aq of
satliiiDL,d iletliul aq4 asntn Ilim paeog aLil `spuog IL6T saiaaS aq4 jo ales aq4 uuoaj spun] jo
Idiaaaa aq; of IaafgnS •saassarl lle uodn 2utputq aq iltnts auzes aq4 I'enoaddte Llanim jo Idtaaaa
aLll aa4 e `saassarl aq; jo SliaoCuN v Sq panoadde lilun paldopL, aq lou lleLls aaututpap
puog uualstSS 2uilan,d aLll 41eLil `aanaMOq `papinoad si II 'satliiiavd ieiliul aLll jo slsoD
ordinance authorizing such Completion Bonds. Such Completion Bonds shall be on a parity
as to lien with the Series 1971 Bonds, and shall be issued as Special Facility Bonds subject
to and in accordance with the terms, conditions and provisions of the 1968 Concurrent
Bond Ordinance and the Fueling System Bond Ordinance.
Section 3.7.INSPECTION. The Lessees and their authorized representatives shall have
full rights of inspection during the period of construction of the Initial Facilities.
ARTICLE IV
Term, Use, Possession, Quiet Enjoyment
Section 4.1.EFFECTIVE DATE;DURATION OF TERM. This Agreement shall become
effective upon the execution and delivery hereof by the Board and by all Lessees, and
the leasehold estate created herein and the use of the Leased Premises shall commence
on the Completion Date and, subject to the other provisions hereof, shall expire on
December 31, 2009.
Section 4.2. DELIVERY AND ACCEPTANCE OF POSSESSION. The Board shall
promptly notify the Lessees of the establishment of the Completion Date and the Lessees
shall have the right to possess and occupy the Leased Premises on and after that date
and throughout the remainder of the term of this Agreement, subject to the other provi-
sions hereof. The Lessees shall commence operating the Fueling System as of the Starting
Date and shall continuously thereafter operate the same under and subject to the terms
hereof.
Section 4.3. QUIET ENJOYMENT. Upon and subject to the other terms and provisions
hereof and unless a default shall have occurred hereunder, the Lessees shall be suffered
and permitted to have peaceful possession and quiet enjoyment of the Leased Premises,
but solely for the purposes for which the same are leased and to be used hereunder.
Section 4.4. USE. Subject to the terms, covenants and conditions hereof, the Lessees
shall have:
(a) the exclusive right to operate the Fueling System, subject to the right of the
Board to become the operator during any period the Lessees are unable or unwilling
to operate the Fueling System, and subject to the Board's remedies in events of default;
(b) the right of access to and exclusive use of the Leased Premises, subject to
the right in the Board to use the Leased Premises pursuant to (a) above;
(c) the right to buy, store, distribute, deliver and sell aviation fuel and other
aviation products at the Airport;
(d) the exclusive right to deliver into Lessees' aircraft and equipment aviation
fuel and other aviation products, subject to (a) above;
(e) the right to sell and deliver into aircraft of Aircraft Operators other than
Lessees'aviation fuel and other aviation products at charges which shall be reasonable
and not unjustly discriminatory; provided, however, such charges shall be submitted
to the Board for approval in advance, which approval shall not be unreasonably
withheld; and provided further, the Board in reviewing such charges shall take into
consideration the costs of the Lessees in providing such service;
(f) the right to operate such mobile equipment on the Airport as is reasonably
required in connection with the operation of the Fueling System;
(g) the obligation to operate the Fueling System in such a manner as not to
unreasonably interfere with others among the Lessees or other users of the Airport;
and
7
8
•sa14iltasj pus aaeds
suoiltmado pus aag 'anasaa 'tls-eaa 'aatlod 'aaueuaIutvuu 'uotIsa4siu>tzzps s,pasog aLIq
2utpnlaut 'joaaaLl4 aausua4umLu pine uopeaado aq4 ut fiasssaaau ;aodaiV aq; so suots
-tntpgns ao naxe pue pusl dans so a3ueua4uts1z aLlI pule pull 2uianpoad
anuanaa-uou uo sat41113Lej so aauvua4uivuz pule 4uatuzdinba1uoiIana;suoa aLI412utde3spuel
!slauun4 pus 1sa14tli3sj stuza4sgs suopemunuzuzoa so 2unisivanj aLI4 !suua4sSs saqili;n
pus 2utauaj aaptznaad 'stua4sfis .f-empeoa `saIstm aaLlgO pue 92'emas so ;uauu4-eaa4 pure
uot43alloa atlj !s4uauzaaa2,e aagjo aapun saasn o4 stztaa4 arjtaads ui algea2xeLla ao pa2avgD
IOU aaV uatum Jo s4soa Oq4 2u1u1sap put' 2utpsa2 '2u1a'eal3 :;aodaiV 9LI4 so 4.md s su
asn aoj ;aodaiV atil so saiatpunoq juglui aigl puogag pull so uot4isinbas aLI4 :loa4uoa
ai sad pine uoipagoad aag pine anasaa 'Lls eaa 'aatlod IaodaiV :qim-o4 '4aod qV aq4 4s
pasog aqj Bq suoipunj 2utmolloj aq4 oI paIlLuil IOU Inq '2uipnlaui'pasog atl4�q 4aodaiV
atlj so uot4saado pie uo141eajs1u1U1ps lsaaua2 aLI4 susaLu ,SaaInaaS 4aodgV,, (t)
:IjM-off. 's2utu'eauz 2u1mollOJ @III E)Auq pine
Sldds II'egs Uawaaa2V siu; ui paum;uoa suotliugap aag4o 04 uoi4lppe ut 'sutaal pine su014
-tuLiap 2utmolloj aq4 Uatuaaa2V siu4 ui aaagmasla pasn aaaLlm pine `j•e uoipaS siu4 aapun
algsSsd IvIuaa aqI 2uiuiuzaa4ap so sasodand aq4 and (v) ZNg y QNAOUD '1'9 uOlpas
suotsteoad juag JaN pus JuaH punoaq
A g'IDIRId
•(q) Lldua2vasd stu4 aapun pasog aq4 04 panaasaa saamod aq4 so Sus so
asiaaaxa aqq so uossaa gq pasog aq4 4suis2V E)Avq 4g2iuu aassa7 Pius ao saassa7 uoi;as so
sasnsa ao sputuuap 'suurela IIs pine sue uzoaj pine so 'su2isss pus saossaaans sol 'pasog aq4
a2jvgasip pie asealaa SgaaaLl saassaq •saassaZ o4 algslrens sutsuuaa 'anogs pae
pinoad s
'ss9a20 pine ssaa2ut Jo susauz Jualsninba Slgsuossaa s se 2uol os 'Llans su pasn aaIjeaaaq
ao Sl4uasaad 4aoda1y aLI; 4u sari aagjo Sus pie Sempsoa Llans Sus so 2uisola aq4 4sanbaa
ao 04 Wasuoa ao asola Sl4uausuuaad ao Sljmaoduua4 'auuq Sus 4,e '.Ssuu pxeog aqj, (q)
•4aodaiV aq4 so uoi;saado juataija pine ails aq4 aoj pa;s2Inuuoad
aq aa4jtaa9q S uu uaium ao pajja ui mou pxeog so suogvin2aa pine salna aqj oI pafgns
aq Iltus saaV uoadV ao sBsmpeoa Llans so asn aLIZ gaodmV aq4 utu;im a2vssud so s4Ll2ta
2utnstl saag4o g4p-A uouutuoa ui pasn 94 04 auzss aLlI so lit, 'suoijuaadp so aopau(j s,pasog
aqq Sq pajvu2tsap aq Ssuu se squtod aag4o Mans pine '4aodmV aLI4 uiu4?m ',eazV uoadV E)q4
'�.aodaiV aLI4 uzoaj pine o12utpeal s.Semptoa aLI4 so sueatu .Sg 4aodaiV aT4I apisjno .S-em atlgnd
ao paps ILdtz)tunuu a pine sasiutaad passaZ aqI uaam;aq ssaa2a pine ssaa2ut so 4gwia aq;
an'eq 11MIs 'saatnaas Jo saagsivanj pine sluiaaletu so saailddns pine s4san21saa4inu1'saautoIsna
'suoalsd `saalSolduza `saaail;o aiau; 'saassaZ (s) -SSSygg (TNN SSgy;gN , '9-t uoi�aas
•sastLuaad pastaZ aq4 g2noagj ssed
uaium 'suualsgs aag4o s,pasog aqq so uoi4aod Itq; punoa2 aq4 so awejans aq4 aapun
utlle4sut pie 2upanpsuoa so asodand aq4 aoj Sasssaaau aanaUaLlm sasnuaad pas-ea-I
aq4 uodn aajua 'o4 sP@4jLlaas pine saaau12ua 'sao4asa4uoa sol ;juzaad ao `slas4t o4 (q)
pine
:sari padsaspuul s se pauivIutsuu aq o4 pine asn aoj sasiuzaad paseaZ aqq so SaaLldiaad
aq4 2uols L1�.ptm ui Iaaj �S4uam4 paaaxa off. IOU ssaas aLjiaads a4uu2isap of (s)
—S4g21a aq; sanaasaa pasog aLI4 4'gg4 'aanaMOq 'papinoad si qI
•paainbaa aq IILgs giuzaad Llans gxgm 'pmog
aq4 utoaj 4ituzaad s jdaaas 04 .�utllim si ao paniaaaa s� elq oqm aope,1;uoa 4uapuadapui
we Ll2noxg4 ao saassaZ aLI4 Sq � jpaaip aaLiIja 'sa2saanaq ailogoalte-uou pus pooj ,to
sales aoj saassaZ aq; off. .goad ou Is uiaa4ayea aagolduua ue alsaado off.4g2ia aq4(LI)
(ii) "Airport Services Costs" means and shall include the total of (A) the costs,
expenses and liabilities of the Board in providing Airport Services, including the
Board's operations and maintenance costs and liabilities, however arising, properly
charged or chargeable on an accrual basis of accounting to Airport Services; plus (B)
1.25 times any debt service requirements on any revenue bonds of the Airport (other
than Special Facility Bonds) allocable or chargeable to Airport Services, which shall
be in the proportion that the Contract Costs (as hereinbelow defined) for the construc-
tion or development of Airport Services bears to the Contract Costs for the construc-
tion or development of those portions of the Airport which are not financed with
private capital or Special Facility Bonds; and plus (C) all other costs, expenses or
liabilities of the Board, however arising (except debt service on revenue bonds not
allocable to Airport Services), not specifically charged or chargeable in specific terms
to the users under other agreements relating to the use of the Airport or any part
thereof or of its lands.
(iii) "Base Period" means the period from the Starting Date through the next
succeeding 30th day of September, which is the closing day of the Board's fiscal year.
(iv) "Bulk Storage Area" means the land described by metes and bounds on Exhibit
3 hereof and constituting a part of the Leased Lands, as it may from time to time
be increased or decreased in acreage by letter or other supplements to this Agreement
or by substitutions in the event of the condemnation of the whole or any part thereof.
(v) "Contract Costs" means and shall include the Board's costs for the acquisition
of land as provided in Section 5.1(i) hereof, for labor and payments to contractors,
suppliers and materialmen in connection with preparing, constructing and otherwise
acquiring, replacing, extending and improving the Airport, and the costs, not covered
by insurance, of restoring property damaged or destroyed in connection with construc-
tion.
(vi) "Ground Rent" means the Preliminary Ground Rent computed in accordance
with sub-paragraphs (i) and (ii) of paragraph (b), next below, as adjusted to the Actual
Ground Rent computed in accordance with sub-paragraph (iii) of paragraph (b), next
below, such amounts being payable for the use and occupancy of the Leased Premises
and shall be in addition to the payments of Net Rent and other costs under Section
5.2 and 5.3 hereof.
(vii) "Total Developed Acreage on the Airport" means all land within the Airport
boundaries (as the same may be changed from time to time)which is revenue producing,
including but not limited to all land under lease or permit, land actually developed
for a specific use and all land specifically designated as part of the Runway and Taxiway
Complex.
(b) The Lessees hereby agree to pay to the Board from the Starting Date and through-
out the term of this Agreement a Preliminary Ground Rent, as adjusted to the Actual
Ground Rent, for the use and occupancy of the Leased Premises, the specific amounts
thereof to be determined in accordance with the following provisions and principles and
to be paid at the following times and in the following amounts, to-wit:
(i) Preliminary Ground Rent During the Base Period—The Lessees shall pay a
Preliminary Ground Rent during the Base Period calculated on the basis of a rate
of$2,474 per acre of land comprising the Bulk Storage Area per annum, such Prelimi-
nary Ground Rent to be paid in equal monthly installments during the Base Period,
the first installment to be paid on the Starting Date and thereafter on the first day
of each month during the Base Period. For historical reference of the parties hereto,
said rate was determined in accordance with the following formula, to-wit:
9
OT
pasola 4snf
poiaad aig4 aoj algeStd 4uaa punoa-9 Itn;z)V = Q
pasola 4snf poiaad
alq; 2uianp vaaV a2vao;S 3Iing ai 4 2uisiad
-uzoa puLl jo saaav jo aaquunu 02Leaanv ail; = 0
pasola ;snf poiaad Q = x g
aq4 2uianp 4aodaiV aq; uo a2vaaaV pado v
-lana(I lV40y E)qj jo aaquunu 92eaanle alq; = g
pasola 4snf poiaad aid; 2uianp
paaanaui s;soO saainaaS ;aodaiV len;a,e = V
:dim-o; 'LInuuaoj 2uimolloj ail; u;im aauvpaoaav
ui pauiuuaa4ap pine ap-eui aq IILgs uoi4v;nduioa gonS •pasola uag4 poiaad 9e14aadsaa
aq; aoj saassa7 aq4 Sq algvSvd ;ualj punoa-D I,en;aV jo ;unouite aq; uite;aaasLe pine
a;nduuoa IlL'us pa'eog aid; 'aa;jv@aag4 poiaad gluouu (g) xis g3va jo asola aq4 4t, pie
potaad aseg aq; jo asola aq4 4V—poi
.tad 6uzpaaa.kd .toy' ?ua& puno.LD 1rongoV (iii)
potaad q;uouu xis 2uipaaaans ;xau aq4
2uianp alge.f,ed 4uaZI punoa-D Savuimilaad = Q
uoi4,e;nd
-uioa aq4 jo auii; aq; ;v vaaV a2vao;S Sling
aig4 2uisiaducoa puvI jo samv jo aaquinu aq4 = 0
poiaad q;uouu xis 2uipaaa Q = 0 x
-ans ;xau aq; jo .Svp ;sats aq; aoj pa4z)afoad
jaodaiV au4 uo a2vamV padolanaQ lte40y = g
poiaad g;uoui xis tui
-paaaans 4xau aiI; 2uianp paaanaui aq off. pa
-4aafoad s;soD saainaaS 4aodaiV pa4vuipsa = V
:dim-o4 tInuuoj
2uimollol aq4 u;im eauepaoaae ui pauiuuaa4ap aq ilegs poiaad q;uotu (g)xis dans g3,ea aoj
4ua,a punoa-9 Savuimilaad ail;jo ;unouute aqj, -poiaad tans aoj 4uag punoa-9 Satmiuiilaad
s,e 'pa;v4s sngj 4unomu aq4 jo (q4s/t) g4xis-auo led Ileus 'molaq ;xau (iii) gdVai�avd
-qns Jo suoisinoad aq4 aapun psemaoj paiaxea s;ipaaa le;uaa Sue off. 4aafgns 'saassaj
aqj 'poiaad dans 2uianp g4uouu thea jo Sep ;saij aq4 uo pie poiaad 2uipaa3ans Mans jo
.S,ep 4saU aq4 up •joaaag4 ;unoiue aq4 jo saassaZ ails Oji;ou Ilegs pine potaad g4uouu
(g) xis 2uipaaaans ail; 2uianp pied aq o4 ;uaZI punoa-D .faeuiuiilaad v a;nduuoa Ileus
pavog aqj 'aa;jeaaaq;poiaad g4uouu (g)xis 2uipaaaans g3va jo pue ail4 o4 aoiad sSep(OT)
ual ueg4 ssal 4ou pine 'poiaad aseg aq4 jo asola aq4 o4 aoiad seep (OT) ua; ueg4 ssal
4oN—pop.tad asvg to?f'ro portad YgUON Xzs 21aro9 6urtna juay punojD Rtvuzutalatd(ii)
poiaad
ang aoj ;uaH punoa-D Sreuit uila i j tui
-;nduioa ui uaaV a2vao;S 3Iing 2uisiaduioa
puul off, paildde uunuue dad aaae dad a;ua
a4v(j 2uqaejS aq4 aoj pa;Dafoad El
4aodaiV aq; uo a2vaaz)V padolanaQ Iejoy = 968`9 = g _
laodatV
aq4 jo uoi4vaado jo stiluouu anlam; 4sarJ
aq; 2uianp pavog aq; Sq 2uimo pine anp
ao paaanaui aq o4 ;uauuaaa2V sig4 jo a;ep
aq4 uo pa4aafoad s4soo saainaaS 4aodaiV = 0001f Z8`91t = V
Upon making such computations, the Board shall notify the Lessees of the result
thereof. If the resulting Actual Ground Rent shall be greater than the Preliminary
Ground Rent paid during the Base Period or other period to which the adjustment
relates, then the Preliminary Ground Rent for such period was deficient, and, if such
computation shall be for a period ending on any September 30, then the Lessees shall
remit to the Board an amount equal to such difference within five (5) days from the
receipt of notice thereof; however, if such computation (reflecting a deficiency) shall
be for a period ending on any March 31, then such deficiency shall be spread in equal
installments over the remainder of the six month period then in effect and the monthly
installments of Preliminary Ground Rent for such period (as required by sub-para-
graph (ii), next above) shall be automatically increased and invoiced accordingly. If
such computations reflect that the resulting Actual Ground Rent is less than the
amount of the Preliminary Ground Rent actually paid by the Lessees during the period
to which the adjustment relates,then the amount of the overpayment shall be credited
against the Preliminary Ground Rent next due under sub-paragraph (ii), next above,
until such credit has been exhausted.
(c) All estimates and projections required in the making of the computations and
determinations contemplated by paragraph (b), next above, shall be made by the Board
and shall be reasonable and made in the light of the latest data available to or reasonably
obtainable by it.
(d) If the Starting Date commences on a date other than the first day of a month
or this Agreement expires or is terminated on a date other than the last day of a month,
the Ground Rent payable for the part of the month during which rent is due shall be
computed by prorating the monthly Ground Rent installment on a daily basis, and Ground
Rent shall be paid only for the portion of the month for which due.
Section 5.2. NET RENT. (a) The Lessees hereby agree to pay to the Board, in addition
to the Ground Rent specified in Section 5.1 hereof, an additional rental (hereinafter called
the "Net Rent") throughout the period during which the Series 1971 Bonds, and any
Completion Bonds or any Additional Bonds are outstanding, an amount equal to the
principal, interest, any redemption premium, and any special reserve requirements con-
tained in the Fueling System Bond Ordinance or in any ordinance authorizing any such
other Bonds, together with an amount equal to the reasonable cost and charges of any
paying agent or paying agents thereunder and any trustee or trustees therefor, the Net
Rent to be payable at the times and in the amounts specified and provided in the Fueling
System Bond Ordinance and in any other such ordinances.
(b) The Net Rent payable under the provisions of this Section 5.2 shall be reduced
by the total of (i) any amounts at any time on deposit in any interest and sinking fund
created by the Fueling System Bond Ordinance or any other ordinance referred to in
paragraph (a), next above, and not needed for the purpose of paying previously matured
interest coupons or matured Bonds and any fees or expenses in respect of the payment
of any interest, principal or redemption price thereof, whether such surplus amounts
become available by reason of previous overpayments of Net Rent or by reason of surplus
construction funds deposited to the credit of such fund at the end of any construction of
the Fueling System (as will be provided in any such ordinance) or otherwise; (ii) any
earnings made on the investment of any amounts from time to time on deposit in such
interest and sinking fund; and (iii) any other net reductions or savings in the costs related
to the construction of the Fueling System, the effect of which are to provide funds to
such interest and sinking fund with which the Board can make payments of the interest
on and principal of the Bonds. The reductions in the Net Rent installments contemplated
by this paragraph shall be applied against the first and subsequent Net Rent payments
after funds have actually become available from the foregoing permissible sources to the
11
9i
:dim-off
`suoisinoad pule suopv4!L uil `suoi4lpuoo 2uimolloj aq4 o4 4aafgns `aogleaado 4uapuadapuj
aLiq u4im quauuaaffe mons o4ui pageaodaooui aq Ilvgs aassa7 galea q auaoq pule o4 pa;leooille
aq o4 samgs Ilenpinipui 9q; 2ugsnfpe pule 2m4ndwoo jo pog4auu agjL •saassa7 gig piled
aq o4 aapunaaaq paainbaa sasuadxa pule s4soo aag4o jo aaugs sit pule 4ua'd 4aN pule 4uazl
punoao aq4 jo aaleils sqi aassa7 Ilenpinipui tlolea uuoaj palloo oq agvaado 4uapuadapuI aq;
aainbaa Iileus saassa7 aq; `;uawaaa2v mons ui `aanamoH •agvaado 4uapuadapuI aq; u4im
4uauuaaa2le we u4im aoulepa000le ui io4vaado 4uapuadapuI aq4 g2noaq4 4ua-d 4aN aq4 pule
4uag punoao aq; piled SLLu saassa7 `aapunaaaq ;Inlejap ou si aaag4 sle 2uol os 4eg4 saaa2v
pauog aqj, 'SgHSSg7 7V'I1QI11IQNI ONONV S.LNZy jO NOISIAla 't'q uoi4oaS
quauuaaa2-V siu4 .Sg pailduui ao ui passaadxa sa�aliniad pule
saoinaas `sasuaoil`s4g.Via ails.jo Mule jo asioaaxa aq; to sasiuuaad pasua7 aq;jo Sule jo asn aq4
aoJ `aoinaas JO saailsivanj pule slleiaa4LLu jo saailddns aiau4 ao `saa,iolduua pule s�ua.'�le Iiau4
`saassa7 aq4 uuoaj paleog aLjj Sq pa43alloo ao p92.mg3 aq Iltgs `pasn 3i `4aodai`; aq; Ole sq;ooq
Ioaquoo aoulea4ua 4'e pasoduui sa2aletlo aleln2aa at14 uLg4 aagl o pule aoj papinoad Slssaadxa
uiaaaq uug4 aatl4o `sllo4 ao saaj `sa2augD oN •joa iaq 1,•e uoi�oaS jo suuaa4 aq4 u4im aoulepa000le
ul saassa7 aq4 Sq piled Pule papinip aq ol sasuadxa qons `joaaag4 uoi;leaojsai i.muipao
ao ailedaa aqq duipnloui aa4olealeilo pule purl S.Iana Jo joaaag4 daaiidn jo .sasuadxa aq4 pule
!saqaadoad mons jo �oadsaa ui ao uo pasoduui saxle4 jo sadSj iagjo ao astoxa Injmlel IIle PuleMule
`sasiuuaad pas'ea7 ail; 04 pule ut saassa7 at14 jo s4saaa4ui ploq;Dsleal ails gsuiu.Vle passassle
ao painal Sllnjnnel saxu4 S4.iadoad aag4o ao uuaaoilen Ple Ille pule Sule `olaaau4 algleailddle
suuniuuaad aouleansui Mule `uoi4le4tuutl 4nog4lm 2uipnloui `uua;sSS �Juiland aq; o4 algleoilddle
sasuadxa aoueua4uileuu pule uoi4leaado Ille Sled off. aaa.Vle Sgaaaii saassarj aL14 `;ua'a 4aN
aq4 pule ;uad punoao aq4 jo 4uauuAvd @L14 o4 uoqipple ui `S12uipaoxm pule paleog aqo;
uan4aa 4au le aq Ilvgs pule aq o4 papua�ui si `anoq'e `g•9 u014oaS aapun ajgLSLd ;uaH ;aN
aq4 `Sgaiail4 paainbaa pule pa4ejduuajuoo se pule `aouleuipao puog 4uaaanouoD 8961 aLI4 Jo
s�uauuaainbaa pule suoi;ipuoo `suoisinoad `suuaj aL14 o4 sauup IIle Ole joafgns .fjssa idxa si 4uauu
-aaa.I,v stun 'S.LSOO ZISHIO `,VONV'NI(TYO QNOS IN99YAONOD 8961 '8'9 uot4oaS
•aapunaaaq 4uaa qaN jo 4uauuSled aqq jo uoipnpaa e ui �Insaa 4ou IILgs dons sle vuol os sIDe
uappigaoj uiofua ao uiLmIsaa o4 ao joaaagq aouleuuaojaad ail4 laduuoo o4 Salessaoau uuaap Sleuu
loll sle pauog aq4 ;suile2le suogzm mans a;n;i4sui Sleuu saassa7 aL14 `4uauuaaa,'dle dons Mule
uuaojaad off. IIlej pinotls paleog aq4 quana 9tl4 ui pule `pauile4uoo uiaaail 4aled sol uo s4uauuaaaxv
aqj jo Mule jo aouleuu iojaad aq4 Luo i j paleog aq; aslealaa o; pana4suoo aq llugs gdua.Vuxed
sill; ut pauile4uoo 'O;'uIL[40U �leu4 `aanamotl `papinoad si 41 quauuaaa2,V stu4 u;im papauuoo ao
jo 4no 2uisiau uoi4v2ilgo ao SijjjgviI `S;np Sule io `paildmi ao ssa idxa iaLj4aLjm ;uauuaaa2t,
Mule anaasgo ao uuaojaad o; paleog at14 jo aanlilej Mule ao joaiag4 nail;la Jo uoisinip-qns
luzgilod Sue ao `slexay jo ao leoiaauu-v jo sa4vjS pa�jun aq4 jo smel iaq;o ao xle� atl4 ui
a2uletlo �Sule `asodand jo uoi4va4snaj `uua4sSS 2uilan j at14 o4 a2LLulep ao uoipna4sap `uoi;le
-aapisuoo ,Io aanllej a4n4j4suoo Svuu Ileu4 saouv4suunoaio ao s4z)v Mule `uua;sSS Xuiland aqq jo
suoijaod aa,g4o ao sat4ilioud Ilei4tuj aq4 jo uoipna4suoo aqq alalduuoo o; paleog aq; jo aaniju j
`2uio2aaoj aq4 jo S�j eaau@2 aq4 2ui4iuuil 4notl4im `2uipnloui `uosleaa Sule Ioj 4uazl ;aN jo
;uauuSud aq4 aonpaa ao Pionle 04 Maas asimaailjo ao Sgaaaq paouapina asleal 9i.I4 a4leuiuuaaq ;ou
Ilam (tt) Pie `uiaaaLl papinoad �uag 4aN jo s4uauu.iled Sule anui4uoosip ao puadsns 4ou Ilim (t)
saassarl at14 `piled Slinj uaaq aAleLl Illeus uoaaag4 suuniuuaad uoi4duuapaa Mule pule 4saaa4ui
`Iledmuiad aq; se auui4 mons 114un pule lleuoi4jpuo3un pie a4nlosqu aq Illetls paiinbea snit*
4uaZI 4aN jo s�uauu,iled ai.I4 aNleuu o4 saassa7 aqj jo suoi;le;liigo aL14 `SI�tuipa000-v •anogle `(le)
ild'ea2lealed ui papinoad ;uaH 4aN jo s;uauuSLd ai14 a3lum off. saassarj jo ;uauujtuuuuoo aq4 uodn
aouleilaa ui joaaag4 saasegz)and aq;o4 plos aq Ilim`spuog lleuoi4ipp-d ao spuog uoi4alduuoo Sule
PUL, `spuog IL6I saiaaS @,ql ;leu; saassa7 au; Sq pa2palmouNole pule p004saapun si4I (o)
•anogle (le)
gdlea2,exed aapun s.Vuilliq a4viadoaddle aq; ui papagaa aq Illeils pie punj xuiNuis pule�saaa4ui
(a)The shares allocable to all Lessees,whether stated in percentages or otherwise,
shall at all times produce, in the aggregate, 100% of the Ground Rent and Net Rent
payable hereunder, plus 100% of all other costs and expenses required hereby to be
paid by the Lessees. To that end such allocation shall take into account (i) any shares
assumed by any additional signatory lessees as contemplated by Section 10.7 hereof;
(ii) any mergers or consolidations by any two or more Lessees, and the assumption
(which is hereby required) by the new or surviving company of the share(s) of the
company or companies ceasing to do business; (iii)the termination of this Agreement,
by reason of a default or otherwise, as to one or more but less than all of the Lessees,
and the assumption by the remaining Lessees of the share(s) of such terminated
Lessee(s), which assumption is hereby required unless another or different lawful
remedy is pursued against a Lessee which is terminated by reason of a default; and
(iv) the assumption and payment, which is hereby required, by the non-defaulting
Lessees of the share of any Lessee which fails to pay when due any share of the
rentals and payments to be paid hereunder and allocated to such Lessee under such
agreement, it being provided that any such defaulting Lessee, by its execution hereof,
agrees to pay to such non-defaulting Lessees any amount so paid by them on its behalf
on demand, plus interest at the maximum legal rate from the date such payment
is made on behalf of such defaulting Lessee.
(b) Ground Rent, Net Rent and other costs and expenses shall be allocated among
the individual Lessees in accordance with .the following initial formula, to-wit: 10%
of such amounts shall be divided equally among the Lessees; 20% of such amounts
shall be divided on the ratio that an individual Lessee's Gates bears to the total number
of Gates at the Airport; 35% of such amounts shall be divided on the ratio that each
individual Lessee's Gallonage bears to the total amount of Gallonage at the Airport,
and 35% of such amounts shall be divided on the ratio that an individual Lessee's
Schedules at the Airport bears to the total number of Schedules at the Airport. For
the purposes of such initial formula, the following terms shall have the following
meanings:
(i) "Gates" means aircraft parking positions constructed and leased to the
Lessees and which are served by the Distribution Facilities (or, prior to the
Starting Date, such positions which are planned by the Board to be constructed
and leased to the Lessees and which are planned by the Board to be served by
the Distribution Facilities).
(ii) "Gallonage" means total gallons of aviation fuel delivered from the Fuel-
ing System into Lessees' aircraft and equipment and defueled from Lessees'
aircraft and equipment during the calendar month immediately preceding any
billing hereunder. Prior to one month following the Starting Date, gallonage
figures from the fueling systems at Dallas Love Field Airport and Greater
Southwest International Airport shall be used in addition to the gallonage deliv-
ered from the Fueling System.
(iii) "Schedules" means revenue flights scheduled to depart from the Airport
as shown in the published timetables of a Lessee on file with the Civil Aeronautics
Board, in effect on the first day of each calendar month, or, if none are in effect
on the first day of any calendar month, in effect on the earliest day of such
calendar month on which such published timetables shall be on file with the Civil
Aeronautics Board. In determining the number of Schedules, no account shall
be taken of the actual number of flight arrivals or flight departures occurring
during the month, extra sections, flight cancellations, turnbacks,or courtesy,test,
training, inspection, ferry, charter, emergency or other flights.
For purposes of illustration only, the foregoing initial formula results in the following
consolidated percentage shares of costs hereunder(using the average monthly Gallon-
13
�I
pavog aqj off. anp IIIq aq; jo �unouuv = g
aagopo put; Slnp
`IiadV 'Sa'enuvf t13va jo Svp ssauisnq 4sarj ail;
uo paga ut 's'exaZ `svile(I ut 3Iut;g anaasag Q
juaapag ate; jo s4u'eg iagLuauu pa.�at;tla a;va g
4unoasipaa aq4 anoq'e s4uiod a2v;uaaaad anoj
aq Ileus apa uaium f;saaa4ui jo a4va IenuuL, = V
:t;Inuuaoj Xui
-molloj aq4 u4Im aauvpaoz)zm ui 'saassaZ 4uanbuilap Mans Sut; 4suie2v 'puLLuap uodn algL'Svd
`a2at;tla Sauanbuilap v asoduui Sviu '4uaa jo 4uauuSLd-uou jo asmnag '4Int;jap t; jo Tuana ate;
ui iapunaiaLl ;i 04 algt;li'ent; Spautaa Sut; 04 uoi�Ippt; ui 'uogdo sol 4E 'pavog aqj (q)
•p9439aip uiaaaq; aq
Svuu sv put; 'spuog 2uiziaoi One aaueutpao aatj;o Suv pine aauvutpap puog tuna;sSs 2uilan j
au4 jo s;uauuaainbaa atl4 u;?m aauLpaoaa,e ui paeog aq; .Sq pazillln aq Ileus 4uaZI ;ax uuoaj
pseog aq4 Sq paetaap saiuoN •aaueuipap puog 4uaaanauoD 896T aq;jo suoisinoad aq; Tim
amvpaoaae ui pavog aq4 .Sq pazilgn aq Ileus pue ;aodatV aq4 jo auuoaui ssoa2 aqj jo 4avd v
auuoaaq put; aq Ileus ;uaZI punoaf) sle paniaaaa satuoN 'pseog atl; jo a3Wo pedmutad aq; ;,e
alai4aV siu4 ui patjiaads sagLp aq4 uo apLuu aq Ileus ;uag 4aN put; 4uaZI punoao jo s;uauuSLd
IIV `SaNAd Jo HSA `SJ NgN.A 'd J0 90Vrld '9'9 uoiPas
.2uto2aaoj aq4 g4lm aaut;paoaa,e ut (s)aassaZ Sue Sq 4uauuSed-uou Sue
Jo Pej aq4 u;imu4aoj pat;og E)q4 04 SjI;aaa 04 ao4vaadp 4uapuadapuI atlq asn-ea Ileus
saassaZ aqq pue 'joaaaq (q)I•L uoipas ui pa4Ljduua4uoa pu'e papinoad se 'aassaj Vuidt;d
-uou atq4 04 se ;uauuaaa.8v siu4 aapun �Inujap jo 4uana uv a4n4jgsuoa Illus Vuiozaaoj
ati4 tl41m aaut;paoaat; ui anp uatim ao;vaadp 4uapuadapuI aq4 o; s;unotuue bans Sure jo
4uauuSvd-uou aqL •aauvuipap puog uua4sss Vutland aq4 aapun anp aav 4uag 4aN jo
s4uauuS-ed tlaitlm uo agtp aLIq off. aoiad sSep (e) antj uug4 ssal 4ou pu-e aapunaaaq anp
ase ;Uag punoxD jo s;uauuSvd uaium uo a4vp at.I4 o; aoiad s.&Lp (9) aAU ueg4 Hal 4ou
ao4viadp quapuadapuI at14 o4 apeuu aq IILLis quag 4aN pule ;uag punoaf) o4 su
s4uatuS'ed dans 'pa'eog aq;oT s4uauuSLd 2upivtuu ui asn aoj ao4Lmadp 4uapuadapuI aig4 oT
paatnbaa sngl squatuu.Svd aq4 a4vuu o; pavog atg4 trim saaj2v Sgaaatl aassaZ LIDea pue
Uatuuaaa2V siu4 jo 4.md v a;n;I4suoa Ileus `uot;vaollt; jo pog4auu pastnaa Awe aapun
anp squnouut; aq4 pine 'anogv '(g) tgdei2vxed ui pa4u4s vInuuaoj ails. o4 2utpaoaae aassa l
gaua Sq anp squnouut; atly •suotsteoad 2uio2aaoj aiq4 aapun saag4o Auo. pine saassa7
aq4 2uotuut; sasuadxa put; s4soa aag4o put; ';uag qaN '4uag punoa-D jo uogeaollt: jo
pot4;atu pasinaa atl4 2ui�.Iateff.�S
m ul paog aq4 oji4aaa o4 ao4vaadp 4uapuadapuI aq4 asnea
P'qs saassa7 ai14 'uol4vDoll'e jo poig4auu ao 'elnuuaoj quanbasgns 1SuE ui ao 'duio2aaoj
atP ut a2ULT) SUL aa�P sAt;p (08) S41IL14 uttl;Im 'aanamog •anogt: '(g) tgdt;azt;at;d ui
pagiaasaad uot4,eaolle jo poLl4auu ao vInuuaoj Ivi4Iui aq; abut LIZ) asimaag40 ao asinaa o'
sanl9suu9tl4 2uouuv ;uauuaaa2v snouuiueun Aq 4Li.Via at[4 an-eLI Ilt;tIs saassarj aqL (a)
°10000'001
°loi,8L'9-------------------------------------------------- uaa;svg
o/o988'99 ----------------------------------------------------V4Ia(I
0/0008'99 --------------------------------------------------jjiuvag
0/0080'f8 ------------------------------------------------utaiaauuv
:(Ioaaaq uognaaxa aq; jo se
jaodaiV aq;;,e sa�vD jo aaquunu pauueld atq;pue OL61 Jo stl;uouu xis 4sLel alq;aoj;aodaiV
Ieu0.4uuaa4uI ;samtl;nos aalvaao pine 4aodmV plau,l anoZ sLIII'eQ ;t: salnpaLIas pine a2v
C = number of days the payment of the bill is late
D = number of days in the calendar year
E = liquidated damages for late payment
ARTICLE VI
Operations, Insurance, Condemnation, Indemnity
Section 6.1. INDEPENDENT OPERATOR. (a) The Board and the Lessees agree that
it is appropriate to the orderly operations of the Fueling System that its day-to-day affairs
be maintained and operated on behalf of the Board and the Lessees through an independent
contractor (hereinabove defined as the Independent Operator) to be chosen by a Majority
of the Lessees and approved by the Board. Unless the Board approves otherwise, the
Independent Operator shall be chosen by competitive bidding or by negotiated proposals
among a select list of prospective Independent Operators. Prior to selection of the
Independent Operator, the Lessees agree to advise the Board in writing as to the select
list of prospective Independent Operators, and the method of selection adopted, together
with a statement of qualifications required by the Lessees for the parties included on the
list from which bids or proposals will be taken. The Board reserves the right to reject
any proposed independent operator which it deems unqualified and to add to the list any
operator which it deems qualified.The Initial Operator has been duly selected and approved.
(b) Any Independent Operator may be removed by a Majority of the Lessees, and a
successor shall be selected in accordance with the above provisions.
(c)Any such Independent Operator shall take his agreement with the Lessees strictly
subject to the terms of this Agreement, but the Lessees shall initially and thereafter be
primarily required to perform all of the obligations of Lessees hereunder.
(d) The Initial Operator shall operate and maintain the Fueling System between the
Completion Date and the Starting Date at the cost and expense of the Lessees, allocated
among the Lessees according to the terms of Section 5.4(b) hereof.
Section 6.2. CARE, MAINTENANCE AND REPAIRS. (a) The Lessees shall at all times
keep the Leased Premises in a clean and orderly condition and appearance along with
all of the Lessees' and the Board's fixtures, equipment,and personal property, if any,which
are located in or upon any part thereof.
(b) The Lessees shall repaint, repair, replace or rebuild all or any part of the Leased
Premises, interior and exterior, structural or non-structural, which may be damaged or
destroyed. The Lessees shall have the right in appropriate cases to apply available insur-
ance proceeds to such purposes as contemplated by Section 6.7 hereof, and no repairs or
rebuilding shall be required in the event of a termination of this Agreement under Section
6.7 and Section 6.9 hereof.
(c) Additionally, the Lessees shall—
(i) take good care of the Leased Premises; shall maintain the same at all times
in good condition; shall make all repairs and replacements inside and outside, ordinary
and extraordinary, structural or otherwise, which repairs and replacements by the
Lessees shall be in quality and class not inferior to the original material and work-
manship; and shall pay promptly the costs and expense of such repairs, replacements
and maintenance, as provided in Section 5.3 hereof; and
(ii) except as otherwise provided herein, maintain and repair all utility service
lines located upon the Leased Premises to the extent used by the Lessees exclusively.
15
9i
•uoaaaq; aauLsinu v jo aauLu
-a4uieuu ao uoissiuuuuoa ao uoqeaaa aiI4 ui 4Insaa Beuu Llai
um 2uiijSuv auop aq o; 4juuaad ao
op 40u Ii-eils pue `sasiuuaad pastarj ate; uo saautsinu ou 41uuuuoa Ileus saassarj aqj, (q)
*sisLlq lgoad-uou L,
uo ailgnd aq4 jo saaquuauu aag4o o4 alqvliLenV 401.1 sUaaV lVu0141eaado ui gdaaxa pup[ Bute jo
asipuvqaaauz ao s4onpoad oxmgo4 `oxmgo; `sa2VJanaq `pooj Has ao asuadsip o4 pa;Lu2lsap
aainap ao al"aUua 2uipuan Bute Jo sasimoad pasvaq aTA; uo uoi�vaado ao aauteuaquivuu
`uol4vjjv4sui aLI4 ;iuuaad to `a;vaado ao umulumuu `llv4sui 4ou Illus saassarj aigl `op o4
os pa44iuzaad Blssaadxa asimaag4o uiaaaq ssaiull (U) 'S.LDV Qg�LISIHO2Id '9'9 uoiPaS
•sasiuuaad pasuaZ aig4 uo aau suosaad cans alium Bluo
uiL,4go Ilbus sao;isin ssauisnq pine saa4inui `sjsan2 sol jo 4aud aq4 uo aauLnaasgo Mans aambaa
o4 saassarjaq4 jo uoi4ve ilgo aily •aapao pool pue uoi4'ejiuus `aaixesinu `u4ivau 1B4aj*es jo
suosvaa ioj pavog aq4 Bq pa4t,21nuuoad aq `joaaail uuaa4 aq; 2uianp auui; oq auui� uuoaj `1SLux
sv suoi4vin2aa pine salna algeuos-eaa aan;nj i.Ians put, `sasiuuaaa paseaZ aq4 uo saag4o pine
saassaZ aq; jo suoi4tmado put, pnpuoa ails. Jo 2uivaaAo2 aq4 ioj (o4aaailq squauualddns
pine s4uampuauiv 2uipnlaui) pavog aq4 jo suopeln2aa pue salna algeuosLaa aq� (Sago pine
anaasgo off. `uiagl u;im ssauisnq 2uiop asog4 pule saa4inui pine s4san2 aambaa o4 s4aojja 4saq
aiai,[4 asiaaaxa o4 pine Sago pie anaasgo o4 ao4vaadp 4uapuadapuI aq4 pie saaBolduua pine
saaaijo aiau4 aainbaa o4 pie) Sago pine anaasgo o; aaa2v pie JuLeuanoa saassaZ aij, (a)
•4uauuaaa2V siu4 jo uuaa4 aq4 Wuianp snap io pine
suoi4vIn2aa `salna IL4uauuuaano2 pine `saauuuipao Injmvl pine smtI TIL' u4im Slduzoa IlVus Bag4
pine `suopLmado mans jo lanpuoa aq4 aoj Sivssaaau aq BLuu uaium uoijvziaog4nu aaiggo ao
s4luuaad `sa4,eaiji4aaa `sasigz)uvaj `sasuaail lle `aapunaiaiq saassaZ aqq jo suoi4vaado aq4 jo
uoipipsianf 2uini;q sa141aotl�nv IL;uauuuaano2 TIL' uuoaj aanaoid IILgs saassarj aqL (q)
•asimaag4o ao 4uauuuaanoD sa4u4S pa4lun aq4 pine pauog aq4 uaam4aq 4uauu
-aaa2v jo uos'eaa Bq iag;ai m `aapunaaaq suoi4vaado ,saassarj aq4 o4 alq'eatiddu aq Svuu auui4
oq auui4 moaj uaium opaag4 padsaa u31m Laiaauuv jo sa4v4s pa4lun aq4 jo suolpaaip ao
saapao `suoi4,elniaa `salna `sA tuj ain4nj ao 4uasaad aag4o Bu'e pine `auui4 o4 auui4 uuoaj papuauuL,
aq Bvuu auuvs aq4 se `suoi4vjn2aa aiV ILmapa,l alqvailddL, Buie u4im Blduuoa Illus saassarj
aqj (v) 'SNOLLVrjA0g2I allVog `S.LNZNH.III 6H9 rlVLNHNN.YHAO0 '-P'9 uoiPaS
•a9naos4vt Ai aauu'eut Bute ui suosaad jo dnoa2 ao uosaad Bu'e ;sui'e�Le
uoi�'eutwiaasip ;iuuaad io a4'Lmutiaasip ui2iao jvuogeu to aoloa `paaaa `aa�ea jo spunoa2 aqq
uo 4ou IILgs juauuaaa.6V sigq aapun sa2altniad Bue jo asiaaaxa aq4 ui to sasiuuaad pasLa7
aq; jo uoi4aod Bute jo asn aig4 ui to `uua;sSS 2uiland aqq jo uoige iado aiag4 ui `saassarj
aq4 `;uauuaaa2V siq; jo suoisinoad aq4 jo BuL jo Bjiluaaua2 ail4 2uiliuuil ;noq;!Ak (q)
'mei Bq pa4l1waad
asimaag4o ao pavog aq4 Bq paziaoqne 4aodaiV aq4 4v sao4vaadp gj'eaaalV lle oq uua4sBs
2uiland aq4 g2noag4 pie Bq paigsivanj saainaas pine spnpoad aq4 aIq'9jjL'Ae a)[L'uu IIL'us
saassa7 algl (U) NOI.LVNINI2LOSIQ `SYJSA LLUOd2IIV 01 SHOI112IHS '8'9 uoi;aas
•4uaiaijns aq IlLatls aana Mans Vui4aajja ui aauazilip anp jo asiaaaxa panui4uoa
aqj pine poiaad azgou aq; uii,Ijim 41n-ejap Bans jo aana aq4 jo 4uauuaauauuuuoa `aan;uu
2uinuiquo3 v jo uoipv saainbai �InLjap ,saassaZ jo aana aq4 jI •Bpauuaa ao ju;�ia Bute asiaaaxa
4ou Illus pavog aq4 `poiaad mans 2uianp 4Invjap pagiaads ai.14 aana Ileus saassarj aq4 ji
`pine 4Inejap jo aaigou ua4�jam ,sB,ep (pg) B4aiu4 saassarj 2uini,l 4sat3 4nog4lm (p) gdvi2'emd
sig4 o4 4uunsand ADV 04 4ou `aanamoq `saaa2'e pavog agLL •puLuuap uodn saassarj aq4 Bq
alqeled aq Illus joaaalgq 4soa aq4 pine joaaaq; jaud Bine ao Il-e 4uivd ao `plingaa `aDLIdai
`aivdaa Beuu `41 o; aiq'eli'eAL' aq Sum uaium saipauuaa aau4o Bine oq uoi;lppe ui pine `uoi4do
sli ju `paEog ails. 14uauuaaa2V siq4 jo suuaa4 aid; aapun saassarj aq4 Bq pa4uied ao 4Iingaa
`paauldaa `paaredaa aq oq paainbai sasiuuaid pasva7 aq4 jo suoi4aod alq'eaildd'e aq4 jo II'e jo
2ui4umd ao 2uiplinga i `;uauuazmjdaa `aivda i ai14 uoi4alduuoa o4 anuiquoa o4 S14ua2ilip Ii'ej ao
`;U[L,d to plingaa `a;mldaa `aredaa `uvala `uiv;uyetu off. Iiuj saassarj ail4 Juana aq4 uj (p)
(c) The Lessees shall not enter into any contracts of a type which would permit a
lien or liens to become attached to the remainder interests of the Board and the Cities,
or upon the leasehold of the Lessees without the consent of the Board, or suffer or permit
a lien or liens for taxes to be imposed or attached thereto.
(d) The Lessees, except for temporary interruptions in independent operation due to
causes beyond their control, shall not operate or maintain the Fueling System, or permit
the operation or maintenance of the Fueling System,except by or through the Independent
Operator, its agents, personnel and employees. The Lessees, except for temporary inter-
ruptions in independent operation due to causes beyond their control, shall not take aviation
fuel or permit aviation fuel to be taken from the Fueling System and delivered into the
aircraft and equipment of Lessees or into the aircraft, equipment or other points of use
of any other users of the Airport, except by or through the Independent Operator, its
agents, personnel and employees. During such temporary interruptions, the Fueling Sys-
tem shall be operated by the Lessees, failing which the same may be operated by the
Board; and during such temporary periods, the operations by the Lessees or the Board
shall not be deemed an event of default hereunder.
Section 6.6. INSURANCE. (a) During the construction period of the Initial Facilities
the Board shall maintain with responsible insurers all insurance required and reasonably
obtainable to insure the Board and Lessees against risks of loss of or damage to the Fueling
System under construction, so as to protect the interest of the Board and the Lessees
therein. During such period the Board shall maintain or cause the contractor or contractors
to maintain builder's liability insurance, which shall comply with the requirements of
subparagraph (iii), below. Beginning with the Completion Date, the Lessees will maintain
or cause to be maintained with responsible insurers the following kinds and the following
amounts of insurance, with such variations as shall reasonably be required to conform
to applicable standard or customary Texas insurance provisions, to-wit:
(i) With respect to every structure and the contents thereof constituting part of
the Fueling System multi-risk insurance on each such structure and its contents,
covering direct physical loss or damage (including the cost of removal of debris) to
such structure and its contents, in such amount and of such character as, under the
terms and provisions thereof, will provide a-recovery, in the event of the occurrence
of any loss or damage from an insured cause, equal to the full amount of the loss
or damage on a replacement cost basis up to such amount as the maximum probable
loss or damage (including the cost of removal of debris) to such structure from any
such cause. The risks to be insured against pursuant to this paragraph shall include
all risks of direct loss or damage by fire, lightning, ice, explosion, strikers, locked-out
workmen, or persons taking part in labor disturbances, riots and civil commotion,
vandalism, malicious mischief, tornado, cyclone, windstorm, earthquake and collision
from or by airborne, rail or automotive traffic.
(ii) On all structures to become part of the Fueling System during the construction
or reconstruction thereof by the Lessees, such insurance thereon as is customarily
carried by others with respect to similar construction or reconstruction, but the
Lessees shall not be required to maintain any such insurance to the extent that such
insurance is carried for its and the Board's benefit by contractors.
(iii) Public and other liability insurance of such character and amount as shall
be reasonably adequate to insure the Board and the Lessees against risks and liability,
if any, to which they may reasonably be or become subject in the operation, construc-
tion or reconstruction of the Fueling System, as approved or required by the City
Attorneys of the Cities, but the Lessees shall not be required to maintain any such
insurance to the extent that such insurance is carried for their benefit by any licensee
or other person operating any part of the Fueling System or by contractors. The
17
8i
not;LelnLuaoj aq4 ui a4vdtai4avd IILLls `saassarl aq4 jo S41.iofel/v L, g2nolg4 pue Sq 2uiq e
`saassarl aqj, •saassarl aqq Jo S41.10NN 'e Jo ILenoaddL, aq4 Tim pieog aq;�q pautLuaa4ap
aq o4 ant4Leuaa4jV aL14 `su014Leagtaads pue suvId paijlpouu ao mau L141m aauvpaoxm ui ao
`S41unsva aq4 o4 aoiad uodn paaa2v ao apvux suoi4vagipoLu ao suoi4eia4Ie Ll4im aagp2o;
suop,nUjaads put, sueld luui2iao aq4 Il4im aauLpawn, ut aq IILils Lua4s,SS 2uilan j
aq4 jo uoi4vao4saa ao aredaa aTil •pa4sn-eilxa si joaaaij; 4unoLute ails. I14un anul4uoa
off. 41paaa dans il4im `4uag 4aN jo (s)4uauxled anp 4xau aLi; off. 41paaa v s-e spuog pits
aoj punj 2upluis put, 4mia;ui aq; o4 ;t Sq pa;lsodap put, pavog aq4 o4 pled aq Iltnis
ssaaxa Clans Sute `sasodand clans aoj Saussaaau 4unoLute aq4 jo ssaaxa ui axe spaaooad
Mans II •joaaaq l,•e not;aaS uu papinoad sasodand aag4o ail4 aoj papa ui uag4 ,elnuuaoj
aq4 Ll;im aauiepaox e ui aq Ilvgs sanlasuuaq; 2uouxu se uatum I.Sauaiagap ail; Sed Il-etls
saassarl ail; sasodand clans aoj;uaiz)Wnsui aate spaaaoad clans jt pine `spaaaoad aauvansui
ail4 u4im aoj pILd puce 4Itngaa ao paaiudaa aq ii-eils uua4s.&S 2uilan3 ails. `(4I1ngaa ao
paaiudaa aq Lua4sSS 2uilan3 aq; ;tq; ;sanbaa saassarl aq4 jo S;jaoflejAZ v 4nq `spuog
2utpu,e4s;no aq4 off.4aadsaa u4im suoge2ilgo clans fed off.4uatacjns am,punj anaasaa aq;
ui saiuoui Sue il4im aagp2o4 spaaaoad amumsui aq4 jt ao) Souatagap ail4 do a�jvux
04 S.Iussaaau 4unouuie ail4 pmog aq4 off. 2uirStd o4 alquaaa2v 4ou axe `saassarl aq4 jo
.94taofleN u g2noail4 put, Sq 2uipe `saassarl aq4 put,pied SIILug put, SIInj aav Sacl4 I!4un
spuog ptvs uo anaan, o4 put panaxm suoip2ijgo aail4o pule Ivdtautad `4saaa4ui aq4 jo
Iiv Sed o4 4uamiXns 4ou axe punj anaasaa SUL' ut satuouu SSL' Li4im aaLi4a2o4 spaaaoad
aauvansui aL14 pue 2uipuv4s;no spuog axe aaaci4 aLI4 jo auui4 aq4 p SI (q)
•pa,eog ail4 o4 plvd aq lleils ssaaxa clans Sue Ispuoa 2uipuu4s;no
aq4 o4 4aadsaa il4tm suoge2ilgo ail4 Sled o; Sivssaaau uai ; ;unouute ail4 jo ssaaxa ui
axe spun] pine spaaaoad pies aq;jI •spuog 2uipue;s4no ail4 o4 4z)adsaa i 4lm suoi4,e2ilgo
aq; led off, paildde aq lleils punj anaasaa SUL, ui put, punj ptvs ui satuocu ail4 pure
spuog au14 aoj punj 2upluis put, 4mia4m ails. ui pa4lsodap aq o4 spaaaoad am-eansui
ails. `aapunaaail suoip2ilgo pannnun Ilte uuoaj saassarl ail; asealaa pu-e 4uauuaaa2V
siil4 apuima94 Ilam pxeo g ail4 14Itngaa ao paaiudaa aq 4ou Lua4s,fS 2uilan j aq4 pLI;
;sanbaa saassarl 9114 pine `(JoaTat[I,'e u014aOS ui papinoad sasodand aag4o ail4 aoj pajja ui
uail4 blnLuaoj atl4 Ll4im aautpawn ui pred aq o; s0nlasuuag4 2uoum ste 8auaiagap clans)
ADuamijap 1Sute Avd o4 aaa2u `saassarl aT44 jo fglaoNN u g2noail;pine Sq,hut;ae `saassarl
ail4 pine 4umWnsui aate spun] pie spaaaoad pies jt ao °pred 1SIIvuij pie SIInj axe Sai14
I14un spuog pies uo anaaate o4 pine panne, suoge2ilgo aaul4o pure ILdiauiad `4saaa;ui ails.
jo Ilt, Svd off._ 4uai3iUjns aate punj aeaasaa SUL' ut satuoLu SUL L14im aaLip2q spaaaoad
aauvansui ail;pine 2uipuv4s4no spuo g aau aaail4 S;Dens ea ail4 jo aLup aul4 4-e jI ('e)
:alqwtldd,e aq Ilvgs suotsinoad 2uimolloj aq; `.94Ien"a paansui ue Sq pasoa4sap
ao pa2vwvp si joaaail4 fixed Iet;uLgsgns v io Lua4sSS 2utlang ail4 4uana ail; uI 'SQggO
-02Id HONV21ASNI d0 NOLLISOdSIQ `NOLL0AYISHQ `HDVNVa 'L'9 uot4aaS
-os op o4 Itv3 saassarl jt aapunaiaq saiuouu pie swivIa ao j ;diaaaa pine palloa
`ans pu'e puLLuap o4 aLuuu umo s;t ui paztaog4nu Sgaaail sl pine 4q;lia aq4 @AbIq IIL'Lis paLeog
ailj, •saassarl aul4 o4 S14aaatp pled aq Iltgs smiL,13 uuoaj spaaaoad IIV •patog aul4 jo uoi4vu
-iLuexa pu'e uoipadsui o4 pafgns 4nq saassarl ai14 ui4im pa4lsodap aq IILgs pie `avaddv IILLis
s4saaawi ataL14 ste 'spaansui ste saassarl aq4 pie pieog aq; auu'eu IILLis pine `saaansui aL14 jo
aaijo auuoq aL14 Sq 2uptam ui paujt4,ea pie saaansui aq4 jo ;ua2L, paziaog4nL, Slnp u Sq ao
saaansui aq4 jo aDWo auuoil aL14 Sq panssi aq IlL'us Lua4sSS 2uilang aui;o4 padmi q;pvi saassarl
aq4 Sq pautte4uitm aq o4 pasnLn ao pautte4uieuu aauLansui, .Vuiauapina satailod IIS' (q)
•Lua4sSS 2uiland aq4 o4 aLltuuts saptltaej
jo aauvua;ureLu pine uopLaaado aq4 ui p@2-e2ua saag4o �q paiaxea SItxeLuo* gsna sl se
aauvansui TaLl4o pine 44jaL14 `.&4aans clans pie mel Sq paainbaa ao paiaaea SlIatLuo4sm)
aq SLLu sLe aauvansui S411tgvil s,aaSolduua ao uoi4vsuaduaoa s,uaLu}Iaom LjanS (At)
'saassarl aq4 04 paaantiap snldans SSL, Li4im
`S;tltq,etl tuns jo ;uauual�4as ui.914aaatp paildde aq Il'euis `aauLeansui Llans gut, jo spaaaoad
of any new or modified plans and specifications and such plans and specifications shall
be subject to their approval. If any of the parties hereto, after having tentative final
plans and specifications for the repair or restoration of the Fueling System submitted
to them, do not either approve the same or provide the other parties with specific
objections, in writing, within thirty (30) days from receipt of same, approval by any
such party of the final plans and specifications shall be conclusively presumed.
(c) If at the time of the casualty there are no Bonds outstanding and if the
insurance proceeds are sufficient to reconstruct or repair the Fueling System, or if
the insurance proceeds are insufficient and the Lessees, acting by and through a
Majority of the Lessees, agree to bear and pay the deficiency (such deficiency to be
paid in accordance with the formula then in effect for the other purposes provided
in Section 5.4 hereof), the insurance proceeds and the amount paid by the Lessees
shall be applied to the repair or restoration of the Fueling System, in accordance
with the original plans and specifications together with any alterations or modifica-
tions made or agreed upon prior to the casualty, or in accordance with new or modified
plans and specifications, the alternative to be determined by the Board with the
approval of a Majority of the Lessees. The Lessees, acting by and through a Majority
of the Lessees, shall participate in the formulation of any new or modified plans and
specifications and such plans and specifications shall be subject to their approval. If
any of the parties hereto, after having tentative final plans and specifications for
the repair or restoration of the Fueling System submitted to them, do not either
approve the same or provide the other parties with specific objections, in writing,
to said plans and specifications within thirty (30) days from the receipt of the same,
approval by any such party of the final plans and specifications shall be conclusively
presumed. Any surplus insurance proceeds accruing under this paragraph shall be
paid to the Board.
(d) If at the time of the casualty there are no Bonds outstanding and the Lessees
do not desire that the Fueling System be repaired or restored, they shall advise the
Board of such decision within sixty (60) days after the date of the casualty, and
thereupon the Board will terminate this Agreement, the insurance proceeds shall be
paid to the Board and the Board shall release the Lessees from all unaccrued obliga-
tions hereunder.
(e)The Lessees shall have the same rights of approval with respect to bids received
for construction of, and the same rights to inspect, any rebuilding under this Section
6.7 as they have under Section 3.3 and Section 3.7 hereof with respect to the Initial
Facilities.
Section 6.8. MISCELLANEOUS INSURANCE COVENANTS. (a) The Lessees shall,
no later than the first day of January in each ,year during the term hereof, file or cause
to be filed with the Board a certificate stating in reasonable detail the insurance with
respect to the Fueling System then in effect pursuant to the requirements of Section 6.6
hereof or otherwise, and with respect to each policy, the name of the insurer, the amount,
number, premium, the expiration date, and the hazards covered thereby, and that the
premium thereof has been paid; and whether the Lessees are then maintaining or causing
to be maintained insurance conforming in all respects with the requirements of Section
,6.6 hereof.
(b) Any appraisement or adjustment of any loss, claim or damage under any policy
of insurance with respect to the Fueling System,and any settlement or payment of proceeds
under any such policy which may be agreed upon between the Lessees and any insurer,
shall be evidenced by a certificate of the Lessees filed with the Board, approving such
appraisement, adjustment, settlement or payment as required and satisfactory in the
interest of the Board and the Lessees.
(c) Lessees' obligations under Section 6.6 shall not affect their right to carry additional
insurance solely for their own account.
19
09
atlq jo B41aofeN L, t12noag4 pue Bq 2ut4aLe `saassaZ aqj, •saassaZ aq4 jo BltaofLN L,
Jo Ilenoaddv aq4 Tim pa'eog at14 Bq pauiuuaapp aq o4 9nt;Leuaa;I1e aq4 `suot4vagt3ads
pule suvId pagtpouu ao mau q4tm aauvpaoaa,e ui ao `2uiNv4 aq4 oq aotad uodn paa.12,e
ao apLuu suot4vogtpotuu ao suoi4vaa4Iv u�tm aag4a2o4 `suotqvogtaads pine sueld Ivut2tao
aq; u;tm aou-epaoaate ut aq iI'eiIs uua4sBS 2utlan,q aq4 jo 2utpltngaa atlZ •pa4snLgxa
si joaaag4 4unouxv aq4 Itjun anui;uoa o; ;Ipaao Mons u4tm `quad 4aN jo (s)4uauuAvd
anp 4xau atl4 o4 41paaa t; ste spuog ptvs aoj punj 2ui3Iuts pue 4saaajui aq4 oq 4! Bq
pa;tsodap put, pavog aq4 off. plod aq Ileus ssaaxa Mans Suv `sasodand Mans aoj Batssaaau
4unouuLe aq4 jo ssaoxa ui aae spaeooad qons jI •joaaatl I,•e u014aaS ut paptnoad sasodand
aag4o aq; aoj 43aga ut uatl4 LInuuaoj aqq tl4lm aauepaoxm ui aq IlL'us sanlasuaagq
2uotuu-e s-e uotum `Bauatagap aq4 Bed Ileus saassa7 aq4 sasodand clans aoj ;uatot,Jlnsut
aav spaaooad Mans It pule `spaaooad uoi4'euuzapuoa aqujtm aoj plod pu'e aaagmasla
4Itngaa aq IILLls uua4sBS 2utlan j aq4 `(aaatlmasla alq'elrenV St asodand Mans aoj alqu4lns
puvI pue aaagmasla 4Itngaa aq tua4slSS outland aq4 ;tu4 ;sanbaa saassag ails. Inq `spuog
2utpuv4s4no aq4 o4 4aadsaa u41m suot4e2tlgo dans Bed off. ;uatoljns aat, punj anaasaa
qq4 ut satuouu Bine trim aag4a2o4 spoaaoad uogLuuuapuoa aq4 jt ao) Bauatagap aq4 do
a3lvuu 04 Bayssaaau 4unouue aq4 pieog aq4 2uiSvd o4 algtaaa2,e 4ou am `saassag aq4 jo
B41aoft,N u g2noxg4 pine Bq 2upDu `saassag at44 pule pILd Blleug pine Bllnj aae BaT44 It4un
spuog pIvs uo anaoale o4 puL, panaoov suot4,e2tlgo aag4o pule Ivdtoutad `4saaa4ut aq4 jo
Ii'e Bed o4 4uatotjjns 4ou aav punj aAaasaa Bute ut satuom Bu'e ugtm aaLj4a2oq spaaaoad
uot4vutuuapuoa aq4 pue 2utpuv4s4no spuog ase aaaq;2ut3lv4 aq4 jo auutq aq4 4v II (tt)
*pavog aq4 o4 pled aq Ileus ssaaxa dans
But; `spuog 2utpuv4s4no aq4 o4 4oadsaa u4tm suot4,e2tlgo aq4 Bed o4 Bayssaaau uag4
4unotuuv ail4 jo ssaoxa ut aav spun] pine spaaaoad pies aq4 II •spuog 2utpue;sgno aq; o4
4aadsoa u�tm suotqe2tlgo ail4 Bed off.patldde aq Ilwus punj anaasaa Bute ut pue punj pit's ut
satuouu pine spuog at14 aoj punj 2U[Nuts pine 4saaa4ut aq4 ut pa4lsodap aq o4 spaaooad
uot4Leuuuapuoa at14 `aapunaaatl suot4v�tlgo panaa;)Lun lle uuoaj saassag aq4 asvalaa
pu'e 4uawaaa2y stu4 a4,eutuuaa4 lltm pavog atl4 `aaagmmasla aigelren'e 4ou st asodand
tions aoj algLglns pull ao aaatlmasla 4Itngaa aq 4ou uua4sBS 2utland at14 ;Luq 4sanbaa
saassag at14 pine (Joaaaq f•g uot4oaS ut paptnoad sasodand aatl4o at14 aoj ;oalja ut uatl;
telnuuaoj auuts aLI4 u41m aautepaoaoe ut pled aq 04 s9nlasuuag4 2uouuv " Bouatagap Mans)
Bauatagap Bine Bed o4 aaa2v °saassag aq4 jo B4taofvN e L12noag4 pie Bq 2ut43v `saassag
aq; pine 4uaiDjUnsut aav spun] pine spaaaoad ptvs jt ao 'pled BllLug pine BIInj aaL, Batt;
I14un spuog pIvs uo anaaate o4 pine panaxm suot4v2tlgo aatljo pine Ivdtautad `4saaaqut aq4
jo Ilt, Bed o; 4uamgjns aaL, punj anaasaa Bu>; ut satuom Bine u4tm aag4a2o4 spaaaoad
uotq,euuuapuoa aq4 pie 2utpuv4sgno spuog aav aaag4 2ut3lv4 aq4 ,Io aurt4 aq4 4v JI (t)
:algt;atlddv aq IIELIs suotstnoad 2utmolloj
aq; `umuuop �Uaunuua jo aamod aapun uaNv4 st joaaatl4 4aLd ILt;uv4sgns -e ao sastuuaad
pas-eag aq4 jo asn ao o4 a1414 jVg4 4uana aLI4 uI M '1�OLLT�'NI1I�Q1�00 '6'9 uotPaS
s�aea�uoa dans Svd o4
BaVssaaau sle pa'eog Gq4 o4 paaantlap aq lltm sasodand tlans aoj Bayssaaau spun] aq4 pie
`pavog aqq o4 algeatlddv spa Coad atlgnd aoj pie Bq paatnbaa saanpaaoad 2utpptq pine s43,ea4uoa
aapun aq Ileus joaaatl L•g uotpaS Jo suotstnoad aq4 aapun uoqanpsuoaaa Buy (a)
•put,uuap uodn Bed o4 aaa2t, saassag aq4 `joaaatl4 a4Lp aq4
uuoaj uunuue aad o/Opj jo a4va aqq 4,e uoaaatl4 4saaa4ut u41m aaq;92o; `squnouue uatum `paLog
aq4 o4 saassag ail4 jo uoi4L,2tlgo leuot;tppe ut, auuoaaq Ileus pieog aq4 Bq aojaa9il4 paauen
-pe os s4unouut; llv pine !s4uatuaauldaa pine slt;mauaa `satvdaa paatnbaa aq4 wl'etu ao auuLs
aq4 uo suuntuuaad aq4 Bed pie aaweansut jo satotlod paatnbaa aq4 uiv4go (o; uot4,e�tlgo ou
aapun aq Ilius Inq) B'euu pavog aq4 `uot4tpuoo iuj'4Laado poo. pine at�edaa poo. ut auues aq4
dea3l o4 Ite3 Il-eus ao `41uuaad Ilam suot4tpuoa -Vut4eaado sot sv uot4tpuoo ajtes Blgeuoseaa SV ut
uua4sBS 2utland aq4 daa)l off. Itvj Iitus ao ;uatuuaaa2V stu4 Bq paatnbaa a2eaanoa aau'eansut
IInj aq; paure4utvtu aq o4 asnea ao uie;utLtu o; Ituj Ileus saassag aq4 ;uana aq; uI (p)
Lessees, shall participate in the formulation of any new or modified plans and specifi-
cations and such plans and specifications shall be subject to their approval. If any
of the parties hereto, after having tentative final plans and specifications for the
rebuilding of the Fueling System submitted to them, do not either approve the same
or provide the other parties with specific objections, in writing, within thirty(30) days
from receipt of same, approval by any such party of the final plans and specifications
shall be conclusively presumed. In the event of a rebuilding under this paragraph
(ii) the Ground Rent shall abate as to any of the Bulk Storage Area rendered useless
by the taking, as of the time of the taking, and the parties shall appropriately amend
the description of the Leased Lands and the new Ground Rent shall become effective
as of the date the Lessees are given beneficial use of the rebuilt Fueling System.
(iii) If at the time of the taking there are no Bonds outstanding and if the
condemnation proceeds are sufficient to rebuild the Fueling System elsewhere, or if
the condemnation proceeds are insufficient and the Lessees, acting by and through
a Majority of the Lessees, agree to bear and pay the deficiency (such deficiency to
be paid in accordance with the formula then in effect for the other purposes provided
in Section 5.4 hereof), the condemnation proceeds and the amount paid by the Lessees
shall be applied to the rebuilding of the Fueling System elsewhere, provided land
suitable for such purpose is available, in accordance with the original plans and
specifications together with any alterations or modifications made or agreed upon prior
to the taking, or in accordance with new or modified plans and specifications, the
alternative to be determined by the Board with the approval of a Majority of the
Lessees. The Lessees, acting by and through a Majority of the Lessees, shall partici-
pate in the formulation of any new or modified plans and specifications and such plans
and specifications shall be subject to their approval. If any of the parties hereto, after
having tentative final plans and specifications for the rebuilding of the Fueling System
submitted to them, do not either approve the same or provide the other parties with
specific objections, in writing, within thirty (30) days from the receipt of the same,
approval by any such party of the final plans and specifications shall be conclusively
presumed. Any surplus condemnation proceeds accruing under this paragraph shall
be paid to the Board. In the event of a rebuilding under this paragraph (iii) the Ground
Rent shall abate as to any of the Bulk Storage Area rendered useless by the taking,
as of the time of the taking, and the parties shall appropriately amend the description
of the Leased Lands and the new Ground Rent shall become effective as of the date
the Lessees are given beneficial use of the rebuilt Fueling System.
(iv) If at the time of the taking there are no Bonds outstanding and the Lessees,
acting by and through a Majority of the Lessees, do not desire that the Fueling System
be rebuilt elsewhere,in which event they shall advise the Board of such decision within
sixty (60) days after the date of the taking, or land suitable for such purpose is not
available elsewhere, the Board will terminate this Agreement, the condemnation
proceeds shall be paid to the Board and the Board shall release the Lessees from
all unaccrued obligations hereunder.
(b) In the event that title to or use of less than a substantial part of the Leased Premises
is taken by the power of eminent domain (that is if the general use of the Fueling System
is not substantially impaired by deletion of the part taken) the Board shall determine
whether any rebuilding is necessary. Any condemnation proceeds not used for the purposes
of rebuilding shall be applied until exhausted in reduction of the Net Rent payable
hereunder.
(c) The Lessees shall have the same rights of approval with respect to bids received
for the construction of, and the same rights to inspect, any rebuilding under this Section
6.9, as they have under Section 3.3 and Section 3.7 hereof with respect to the Initial
Facilities.
21
99
•pdteog aqq Sq
panaasaa 1Slssaadxa axe Itos aq4 iapun pine ui s4Ll.Via IeaauiLu put, Iio sex .la4L'M II`d (a)
•saassaZ
Sq pauopuege aq o4 pauuaap aq IILgs aa4jvaaaLl; sSLp (02) S3atu4 puoSaq sasiuuadd pascal
aq4 uo 2uiuivwaa S4aadoad Llans SuV quauuaaa2V stu4 jo Luaa4 aq4 jo uoi4'eutuuaa4 iag4o ao
uoigLeaidxa aLI4 aaojaq ao 4v saassarj Sq pan0uuaa aq IILgs 'sagiLd aq4 Sq ,dui;jam ut paaaze
aspvnaag4o ssalun 'puL, `4uauuaaa2V sill; jo Luaa4 aq4 2utanp aLuR -SUL 4L' sastuuaad pasLea7 aq4
Luoaj saassarj Sq panouaaa aq uoi;do ,saassarj 4L, SLLu suoi4Llle4sui pine d4dadoad Mans IIV
•saassa7 jo S4.iadoad aq4 umwaa pue aq o4 pauuaap aq Iltgs sasiuuaad pasgal 9M uo ao ui
saassa7 gig palle4sui am, Lla.gm 'sastuzaad pas'ea7 aq4 o4 a2vwvp Ittaa4LLu ;nog4lm algenouaad
(saan�xg apea4 Vuipnjaui) suoi4ville4sut pule S4.xadoad IIv pue S;aadoad Ivuosaad IIF (p)
-Lua4sSS 2uilan,j aL14 aoj suot4v3gi3ads pine sueld aq4 ut
144-10J has 4019LI L' J0 ssaaxa ui sasiuuaad pas'eaZ aq4 anoqu nods JIL' @q4 ut aanaos;uLjAn
s4LIZ1.1 SUL, saassa7 aL14 o4 4uva2 litgs 4uauuaaxVV siLl4 ui pauiv4uoa 2uig4ou `aapunaiaq
saassarj aq4 jo suoi4L,2ilgo aq4 jo aaueuudojaad aq4 aoj paainbaa 4ua4xa aq; o4 4daaxg (a)
•uoijaipsianf 2uinvLl S4iaog4ne Ie4uauuua9noV SUL' Jo
uoi4nlosaa ao aaueuipao `aapao 'alna lmvj SSL, dg paainbaa aan4tu pub, puDI liaana jo 4uawdmba
uu
aag4o II'e put, 4uadinba Spjvs pue anipa4oad aag ut'e4ulVUl pine apinoad oslu Ilvgs saassarj
'uoigippv uI •4aodgV aq4 jo aamo4 loaquoa aq4 Sq pa4sanbaa ao pa;aaatp aq Snu sv spoiaad
aag4o vans aoj pine (auaS LlaLa 4nog2noaLl4 SLp oq Sep uuoaJ SIVA SLuu asiauns pine �asuns sv)
asiauns aa4ju sagnuiLu (0s) .94aiLl4 2uipua pine 4asuns aaojaq sa4nunu (0S) Splg4 �tumuaw
-Luna poiaad v ioj Sleep pa4,e iado aq `azgou aag4anj I14un `IILeLls s442t1 uotlana-sgo plus TIL,
4vg4 s4aaaip Sgaaaq pieog aLls, •pavog aLI4 Jo su0140aaip aq4 L14ien aau'epaoaaV ui aLuLes aLIq
a4vaado IILeLIs pine 'joaaaq; uogLmado aq4 aoj Smssaaau�S;iailpala aLI4 Llsivanj pine sglnq 9LI4
I1-e4sut pine Llsivanj IlvLls pu'e paLog aq4 Sq pa4vu.Visap saslwaad pasva7 aLI4 uo su014L,301
aLI4 ui sou . Llans Ile4sui IILi4s pine 'pxeog aq4 Sq panoadds u2isap pie ad.94 aq4 jo `paaip
S,euu pavog aq4 sv slg2ii uopani4sgo Llans ui'e4UIVLu pine apinoid IILLls saassa7 aLIZ (q)
•puL,Luap uo pmog aLl4 o4 joaaalq� ;soa aq4 fed IILgs
saassarj aq4 pie Naoen Sxessaaau aq; uuaojaad Smu pxeog aq; 14aodaiV aq4 pie sasimad
pasvaZ aq4 aao;saa o;pine 2uis14aanpte Jo aaaid ao u2is Saana pine Llova Ino 4uied ao a4vxa4ilgo
'anouuaa 04 os saassa7 aL14 jo 4.md aq4 uo aanlivj v jo 4uana aq4 uj •sastuuaad paseaZ aq4 uo
saassa7 aqq gq pazmId saatnap aVltLuis pine 'saa4sod`su2is '2uis14aanpLe II'e pine SUL,Ono 4uitd ao
`a4'eaagilgo 'anouaaa IILeLIs saassarj aq4 'ax4ou jo 4dtaaaa uodn 'ptvsaioju s'e 'IVnoadd-e uani.V
;ou svq pxeog aq4 jj •spaepuv4s pauog pagsilge4sa qql A aauupaoaa,e ui aq IIeLIs S4ianaas
pine S49jes ailgnd 2uq3ajjle suds aoiaa4xg •sastuuaad pasuaZ aq4 apis;no algisin aq oq su
os sasiuuaad paseaZ aq; uo ao ui ao sasiuuaad pastarj aq4 jo s4xed aoiia4xa aqj uo ao ;,e
2uisi4aanp'e jo suds Seldsip ao um�ureuu 'paaa Svw saassa7 ag4 'pavog aq4 jo lenoadde ua4
-41aen aoiad aq4 u4iBc1 (v) 'SNOISIA09cl NOIJY&TgdO SA09NV'7-I9JSIN 'IT-9 uotPaS
•uuaLl4 jo SUL a0
aapunaaaq pagtuuuapui sai4.md aq4 jo suoissiuuo ao spv InjIIiM ao qua.VilAau aq4 04 `danaenoLl
`Sldd'o 4ou Ilegs uoi4aaS siLlz •aui'es aq4 puajap pu'e asiuuoadwo;) 'a4t,. I;sanui o4 4Ll2ii aq;
aneLl IIeLIs saassa7pie suoi�ae ao Luiela Llans Niue �o aa.4ou ua4glam gduuoad saassa7 04 ant.
II'eLIs pavog aq4 4LLI4'aanaenoq'papinoad :sdopLa4uoogns ao sao4z)ux .uoa`saaSolduua's4uenaas
's�ua2v aiaL14 ao s4t`saassa7 Sq sasiuuaad pasea7 aq4 jo.iauednaao io asn aq4 Ll4inn uoi4aauuoa
ui wauuaaa2v siLl4 jo Luaa4 aq4 duiinp 2umanaao 'pa4aasse ao Dead daq;agA, `aa;ae.iULla
a0 pui3I aanaOSgeljM Jo S4.iadoad ao suosaad o4 sa.duLuep aoj s4lns io sLuiela 'saianfui ioj
A;tligisuodsad pine S;titgeii IIL, auunss'e Sgaaaq op saassarj aq; pine sasiuuaid pasea7 aq4 'jo
S;m,ednoao pie asn aq;ao `jo �uisual aq4 off. 4uaptoui ao jo ;no wuistau S4aadoad ao suos iad o4
`ql 'eap Vuipnlaui 'saianfui ao sa2 uuup ioj sLuieia Ii-e pine Swe 4suiv.�Iu pine uuoaj saaSolduua
pine s4ua2,e `s iaaiUo `uaLuliaunoa `s iopaaip aiaLl4 `sai4to aq4 'p moa aq4 ssalLuxeq ploq
pine AjIuuuapui o4 aaa2,e pine ;ueuanoa saassa7 aLIZ 'NOIZVDITINN9(TNI 'Oi'9 uoiPaS
(f) The Lessees shall promptly furnish to the Board all necessary books, records and
financial information relating to the Fueling System required for the Board to submit
timely statements for the payment of rent hereunder by the Lessees in a timely manner.
(g) Title to all permanent improvements, including but not limited to buildings, struc-
tures and paved areas shall immediately vest in the Board and Cities of Dallas and Fort
Worth as a part of the Airport.
ARTICLE VII
Events of Default and Remedies
Section 7.1. EVENTS OF DEFAULT DEFINED. (a) the following shall be "events
of default as to all Lessees" under this Agreement and the term "events of default as
to all Lessees" shall mean, whenever it is used in this Agreement, any one or more of
the following events:
(i) Failure by the Lessees (or such of them as shall remain in the event of a
termination hereof as to certain individual Lessees) to pay when due or cause to be
paid when due the total rent required to be paid under Article V hereof.
(ii) Failure by the Lessees to observe and perform any covenant, condition or
agreement on their part to be observed or performed, other than as referred to in
sub-section (i) of this paragraph (a)for a period of thirty(30) days after written notice,
specifying such failure and requesting that it be remedied, given to the Lessees by
the Board, unless the Board shall agree in writing to an extension of such time prior
to its expiration.
(iii) The Leased Premises shall be abandoned, deserted or vacated by a Majority
of the Lessees, or any lien shall be filed against the Leased Premises or any part
thereof in violation of this Agreement and shall remain unreleased for a period of
sixty (60) days from the date of such filing.
(b) The following shall be "events of default as to an individual Lessee" under this
Agreement and the term "events of default as to an individual Lessee" shall mean,
whenever they are used in this Agreement, any one or more of the following events:
(i) Failure by any Lessee to pay to the Independent Operator when due or cause
to be paid when due the share of the total rent required of it to be paid under Article
V hereof.
(ii) Failure by any Lessee to observe and perform any covenant, condition or
agreement on its part to be observed or performed, other than as referred to in
sub-section (i) of this paragraph(b), for a period of thirty(30) days after written notice,
specifying such failure and requesting that it be remedied, given to the Lessee by
the Board, unless the Board shall agree in writing to an extension of such time prior
to its expiration.
(iii) The dissolution or liquidation of any Lessee or the filing by such Lessee of
a voluntary petition in bankruptcy, or failure by such Lessee within sixty (60) days
to lift any execution, garnishment or attachment of such consequence as will impair
its ability to carry on its operations at the Fueling System, or the commission by
such Lessee of any act of bankruptcy, or adjudication of the Lessee as a bankrupt,
or assignment by the Lessee for the benefit of its creditors, or the entry by the Lessee
into an agreement of composition with its creditors, or the approval by a court of
competent jurisdiction of a petition applicable to the Lessee in any proceeding for
its reorganization instituted under the provisions of the general bankruptcy act, as
amended, or under any similar act which may hereafter be enacted. The term "dis-
solution or liquidation of the Lessee,"as used in this sub-section, shall not be construed
to include the cessation of the corporate existence of the Lessee resulting either from
23
:P9
-4uawaaa2V siu4 aapun aassaZ cans Jo 4uLeuanoa ao
�uauuaaa2v `uoi4Le2tigo SSL, Jo aau'enaasgo pule aaueuuojaad aaaojua o4 ao `aassaZ cans
uuoaj anp auuoaaq o; aa4jvaaag4 pue anp uaLI4 4uaa aLI4 palloa o4 alctvatsap ao Sxessaaau
avadd'e Stuu S;Inba ut ao mei 4L, uotpte aaggO aanaq'0gAl WILL; [S'eLu paVog aql (tit)
-.94 ed aaq o cans Sq
pied ;ou put ;uauuaaa2V siu; aapun anp s;unoLuu aag4o puce s4uaa Ii-e aoj algLil aassaZ
aq; 2utploLl `aassaZ cans jo ;unooaLe aq4 aoj SgaLd aag4ouv o4 utaaaq 4saaa4ut s,aassa7
Llans asval o4 s4aojja 4saq sot asn pu'e sastuzaad pasLaZ aLD Jo uotssassod Luoaj aassaq
aL14 apnlaxa (aassaZ cans off. sv) 4uamaa.12v Slgq a4vulmla4 Svuu pnog aLIZ (II)
-2utsvalgns cans ut aassalgns eons Sq alq-eSvd
s;unoLuv aaig4o put, s4uaa aLI4 pine aapunaaaq aassaj dans Sq algv Sud s;unouuL, aaLl;o
pub, s4uaa aq; uaam4aq aauaaajjTp aq; aoj alqvtl aassaZ aq; Vuiploq `saaggo ao saassaj
2mumuuaa aq4 oq oassaZ dans jo 4saaa;Ul paplAtpun aq4 aseal-qns pine aassa7 dans of sL,
4uawaaa2V stLlq 2ut4,eutuuaa�4nog;lm sastuuaad paseaZ aM o;put, ut aassaZ ,dui4lnvjgp
aq4 jo ;saaa;ut paplAipun aq4 jo uotssassod a3je4 pule aa4ua-aa SeLu pavog aqj, (t)
:aassa7 .hut;inLjap aq4 4suiL,2e sv sda4s lvTpauuaa 2uimolloj
aq4 jo aaoLu ao auo Sut, St Lu pavog aq4 `.Vut;sisgns aq pue pauaddvq aAigq IjLn4s (q)T•L
uoipaS ut o4 paaaajaa aassaZ IenplAIPUl UV 04 sv ;Inujap jo 4uana SUL' aanauagAk (q)
quawaaaXV sig4 aapun saassarj aq4
Jo qubuanoa ao 4uauaaaa2e `uoi4ie;�tlgo SLre jo aauenaasgo pule aauLLuaojaad aaaojua o4
ao `anp auuoz)aq o4 ia4jvaa@g4 pue anp u;Dg4 4uaa aq; palloa o4 algeatsap ao Saussaaau
aLeaddt, &Ltu S4Inba ut ao mei 4,e uoipL, iag4o aana4vgm aile4 Svuu pavog aqj, (Al)
-S;xed aag4o Mons Sq pled ;ou puL, 4uawaaa2V sigq aapun anp s4unouute
aag4o pine s4uaa llv aoj alq-etl saassarj aLI4 2utploT4 'saassarj aLI4 jo 4uno;)n aq4 aoj S4.xvd
aaLlgouv oq aLuvs aLI4 as'eal o4 s4aolja gsaq sot asn pure sastuuaad paseaZ aLI4 o uots
-sassod Luoij saassarj aq4 apnloxa `4uautaai2V sig4 a4vutuuaa; SLLu pmog aLLL (Itt)
•aapunaaaq saassaZ aq; Sq algt SLd s4unouue iag4o put, s4uaa aq4
put, `suot4taado Llans Luoaj pantaaaa sanuanaa Jau aq4 uaam;aq aauaaajjTp aq; `pavog
aq4 Sq pa4vaado jt `ao 2ut"algns Lians ut aassalgns Llans Sq alq'e.Svd s4unouue iag4o
pu,e s;uaa aLI4 ptxe iapunaaaq saassa7 aq; Sq alq-eSvd s4unouxv ialg4o pine s4uaa aLI;
uaampq aauaaajjTp aq4 aoj alqutl saassarj aq4 .Vutploq 'saassarj aq4 jo 4unoxm aq4 ao j
Lua4s1SS.Vutland aq;(aassalgns se a4vaado ao)aseal-qns pule 4uawaaa2V siq;.wut4vutLuaa4
InoLl;lm sastuuaad pasLarl aq; jo uotssassod aNt,4 pue aa�ua-aa Sum paLeog aqj, (II)
-saassarj aq4
,Sq algt S-ed pue anp Sja4etpamut auuoaaq IILgs aLuLs aL14 uodnaaaLim `alq Std pue anp
iiia;vtpaLuLut aq o; 4uauuaaa2V slgl JO Luaa4 aql Jo aapultLuaa aq4 aoJ Joaaaq A at;)';-IV
aapun algv SLd ;uaa jo squauullu4sut liv aaeiaap `uotgdo sot 4'e 'S'ew pieog alis (t)
:saassarj lle
4suiv2u su sda4s letpawaa Vuimolloj aL14 jo aaoLu ao auo SUL, @44,4 StLu pxeog aq4 .vul
-;slsgns aq pine pauaddLq @ALL lieLls joaaaLi uot4aaS ut o4 paaaajaa `saassarj IlL, o;
se 41m jap jo 4uana SUL' aanaU@q k1 M 'J,YA JJ(T NO Ssi(Ta sy TL u0143as
•aassaZ Liras Sq joaaaq; asn-uou q.Vno iq; aassaq
ILenpTnTput UE Sq pa�BaMn ao papasap `pauopuvge aq llugs sastuuaad paseDl aqj, (Al)
•joaaaq 9.6 u01439S
ut paure;uoa suoipv Lions 2ui4jjLuaad suot;Tpuoo aq4 aapun `1S;aat4ua ue se s;ass, sot
jo IIL, Sliet4UL,4sgns ao IIL, jo as jsueaj t, 2utmolloj aassa7 aLI4 jo uopupInbtl ao uop
-nlossip L, ao uogeaodaoa aaq;out, g4lm ao o4ut aassaZ aq4 jo uoijLptlosuoa ao aa2iout e
Section 7.3. NO REMEDY EXCLUSIVE. No remedy herein conferred upon or reserved
to the Board is intended to be exclusive of any other available remedy or remedies, but
each and every such remedy shall be cumulative and shall be in addition to every other
remedy given under this Agreement or hereafter existing under law or in equity. No delay
or omission to exercise any right or power accruing upon any default shall impair any
such right or power or shall be construed to be a waiver thereof, but any such right and
power may be exercised from time to time and as often as may be deemed expedient. In
order to entitle the Board to exercise any remedy reserved to it in this Article, it shall
not be necessary to give any notice, other than such notice as may be herein expressly
required.
Section 7.4. AGREEMENT TO PAY ATTORNEYS' FEES AND EXPENSES. In the
event there should be a default under any of the provisions of this Agreement and the
Board should employ attorneys or incur other expenses for the collection of rent or the
enforcement of performance or observance of any obligation or agreement on the part
of a Lessee or the Lessees herein contained, the Lessee or the Lessees, as the case may
be, agree(s) that they will on demand therefor pay to the Board the reasonable fee of
such attorneys and such other expenses so incurred.
Section 7.5. NO ADDITIONAL WAIVER IMPLIED BY ONE WAIVER. In the event
any agreement contained in this Agreement should be breached by either party and
thereafter waived by the other party, such waiver shall be limited to the particular breach
so waived and shall not be deemed to waive any other breach hereunder.
ARTICLE VIII
Termination By Lessees
Section 8.1. WHILE BONDS OUTSTANDING. As provided in Section 5.2(c) hereof,
this Agreement as to Net Rent is not subject to termination by Lessees or by any Lessee
while any Series 1971 Bonds, any Completion Bonds or any Additional Bonds are outstand-
ing and not finally and fully paid.
Section 8.2. TERMINATION FOR OTHER PURPOSES. As to the payment of Ground
Rent, and as to all rental after all of the Series 1971 Bonds, all Completion Bonds, and
all Additional Bonds, are finally and fully paid, any Lessee may terminate this Agreement
upon the occurrence of any one or more of the following events:
(a) If such Lessee shall be prevented from operating its air transportation system
to and from the Airport by reason of its inability to use a substantial part or all of
the Runway and Taxiway Complex—
(i) for a period longer than thirty (30) consecutive days, resulting from any
condition of the Airport not due to the fault of such Lessee; or
(ii) for a period longer than ninety (90) consecutive days, resulting from a
permanent injunction issued by any Court of competent jurisdiction; or
(iii)for a period longer than ninety (90) consecutive days, resulting from any
order, rule or regulation of the Federal Aviation Administration, the Civil Aero-
nautics Board, or other governmental agency having jurisdiction over the opera-
tions of such Lessee with which such Lessee is unable to comply at reasonable
cost or expense; or
(iv) because of the suspension, cancellation or termination of such Lessee's
Certificate(s) of Public Convenience and Necessity or other authority issued by
the Civil Aeronautics Board, or its successor, granting the right to serve the
Cities of Dallas and Fort Worth.
25
99
joaaaLll suoi4aod ao swa4s,is saqili;n aan4nj pue 2ui4sixa uiv4uivLu o4 `4aodaiV aq4 qt, saassal
aLI4 UvL14 saagl o jo 4ijauaq aLl4 ioj ao saassal aL14 jo 4gauaq aLI4 aoj `4ijauaq umo sol aoj
`�Ll is au14 ant,Ll IIt,LIs pat,og aLI4 ` uio aaoi aq4 jo /411t,aaua.V aLI4 'dui4iuuil 4noul4lAk (q)
•wauzaaa2v siLl4 aapun op off. 4LI21d aLl4 aALq ao palLXilgo aq i uz
pat,og aq4 LIaiLIm 2unl4 ao P'o SSL, jo 'Iulop aq4 IO j put, `auut,s aq; 2uipadsui jo asodand
aLli lO j sasiuiaad paseal aq4 uodn ia4ua o4 sauU4 algt,uos-eaa IIt, 4t, 4gX[l aq4 ant,Ll Ilt,Lis
saaSoldLua put, saaDIGO sli `pxeog aids, (t,) ,IYINS SO .LHOI&T E,(TYVOS •9.01 not;aaS
•o;aaaq saijaed Ilt, jo gijauaq aLl4
aoj saqut,aat,m a4,eiadoadde put, It,nsn umquoa o; Luals,&S vuiland aqq o; ,dui4t,lal sgat,a4
-uoa uoi�ana4suoa asnt,a Ilim pat,og aLIZ "SSI.L1�Ib'�I2 VAI hTO.LDVhJ1�NOO •I'01 uoPaaS
suotsinoad snoauEllaasiX
X g'IDIJHV
uiaaaL{ aassal Llans
uodn pasodwi s4ut,uanoa aq4 ,Io aassal Llans Sq aaut,uzaojaad iag4.inj aq4 Luoaj pa'eog aL14
,iq aassal Lions jo ast,alaa t, aou `aassal aossaaans u st, 4uednaao ao 4ulewit,la `aassal-qns
`aau�iss'e Llans &ut, jo pat,og aLl; Sq ague;daaat, ue ao uiaaaLl paum4uoa s4ut,uanoa aLIq Jo
pat,og aq4 Sq aanii;m t, pauueap aq Ilt,us uoipalloa Llans ou ;nq `panaasaa uiaaaLl slt,Juaa
aLI4 o; papalloa 4unowe 4au aq4 Sldde Ilt,uls p iuog aL14 put, Luo i jaaaLl4 4uaa palloa � u.i
pat,og aq; `saassal uleg4 aaglo auosut, ,iq paidnaao axe sasiuzaad past,al aLl;ji ao `pa;�ILuaad
aaojaquiaaaq se ;daaxa `quauzaax.IV sig4 ui �saaa4ui sol slalgns ao su.Visst, aassal t, jI (q)
•Lua4sSs uoge4.iodsut,aj are sol o� pajulaa slasst, sqi jo uoi;aod ioCLLu t, ao aassal Llans jo
s4asst, DL14 o� paaaans SLLu Llaiulm ao `agt,pilosuoa ao avaaLu mu aassal Llans q;)iLlm olui
ao Llgim aassal t, jo ;saaa4ui ui aossaaans Niue o� 4uasuoa Llans 4nogllm pau.Visst, aq SuLU
4uauaaaa.WV stLJ�`aanamoLl `papinoad !plaLILI4im 2Qgeuoseaaun aq 4ou Ilim 4uasuoa LlaiLlm`pat,og
jo ;uasuoa uaj4iam aq4 4nog4lm 4uawaaa.�I-V siLl4 iapun 4algns ao jo ;uauauxisst, 2iut, aNvu.i
IIL,gs aassal ON (t,) •SSSSSS7 dS SSSVgrI91S QNV SZNSII NDISSV •9.6 uolPas
•quawaaaAV sig4 iapun sai4jD aq4 put, pat,og jo suoi;
-L,Zilgo Injmt,l aq4 ZuiLunsse 4uaLuna;sui ut, p mog aL14 04 aanilap put, agnaaxa lllegs gsaaa�ui
ui aossaaans aqq 4t,ulq `aanamoq `papinoad :pauZisst, ao plos aq 2NLu 4aodaiV aq; Luogm o4
sai4jD aLI4 put, pat,og off. 4saaa4ui ui aossaxms SSL, o; 4uauuaaa.JV sig4 uXisst, ao xajsut,a;
Smu sapio atj4 put, paeog au,L •SSLLIO (TNN(ThTVoSAS SjNSI�Ii�IOISSV •I.6 uoi�aaS
.VulllalgnS `s;uawu.Wissd
1I ariall Id
•su0141puoa pine sIut,uanoa `sLuaa; pit,s Jo SSL, jo aau'eLuiojaad aq4 ui 4int,jap 4uanbasgns
ao aag4o Sav jo aassal Sut, Sq aanit,m t, aq o4 panpsuoa aq ao aq Il?Lls pat,og aq4 Sq
panaasgo ao 4daN `pauuao jaad aq o4 joaaaul suoi;ipuoa ao s4ut,uanoa `sLuaa4 aq4 Jo 2iut, ,Io
aaut,umoPad aq4 ui pxeog aqq jo ;xed aL14 uo 4Int,jap SSL' jo aassal Sut, Sq IaAl'em ON
•Joaaaq I'S u014aaS ,Io suoisinoid au14 o4 `pit,saaojt, st,
`pafgns `a4vp 4egq uo paaidxa pLq joaaaq Luna; aLI4 3i st, 4aajja ault,s aLI4 aAvq o; pine aopou
Llans ui ul4aoj ;as a;t,p aqq uodn anLlaajja aq o4 uoi4vuiLuaa4 Mans `4uaLuaaxVV sill; a;t,uiuuaa4
aa14ou ua4;iam s,dt,p (0g) SquaM4,tq 12NLu aassal clans `uoi�jpuoa Llans gut, jo aaut,nui4uoa aq4
Xuianp aa4jt,aaaul4 aLui; SSL, 4,e ao `s4uana Xuto.'daaoJ au14 Jo SSL' ,Io aauaaanaao aq4 uodn
(Ioa;uoa sol puo,iaq sasnt,a aoj ;daaxa `uogdnaaa4ui
4nog;lm aaULLulojaad Llans anupuoa pine aai4ou jo 4diaaaa aLI4 aa4jt, s.it,p (09) s4uam4
uiqqim ;uaLuIli3ln3 ioj paainbaa aq .�tUl aana4VLlm uaao}aad o4 aauaLuuaoa II'egs pat,og aul;
put, aLup jo pomad t, aano S4ini4at, saainbai uoi;LZilgo s4i ,Io 4uaLullljinj aiaLlm 4daaxa)
aassalLlans Luoaj aapunaaaq ;Int,jap jo azgou jo 4diaaaa aa4ye s.it,p (0g) ;uam4 uiLl41m
wauuaaa-Vv sill; aapun suoi;vWilgo sol jo Act, LuaoJaad o4 Iit,j Ilt,us pxeog ally (q)
on the Leased Premises, including therein without limitation thereto, systems for the
supply of heat, water, gas, fuel, and electricity and for the furnishing of fire alarm, fire
protection, sprinkler, sewerage, drainage, telephone, and telegraph service, including all
lines, pipes, mains, wires, conduits, and equipment connected with or appurtenant to such
to make such repairs, replacements or alterations as may, in the opinion of the Board,
be deemed necessary or advisable and, from time to time, to construct or install over, in
or under the Leased Premises new systems or parts thereof, including lines, pipes, mains,
wires, conduits and equipment; provided, however, that in exercising such right the Board
shall not interfere with the operation of the Fueling System or abridge the rights conferred
on Lessees by this Agreement.
Section 10.3. SERVICES TO LESSEES. (a) The Board shall arrange with the appropri-
ate utility or service companies, or municipalities, or other suppliers, supplying utilities
and services in the area, for the supply to the Leased Premises of all services including
electric power, telephone conduits and telephone connections within the Leased Premises.
Any costs thereof required to be paid by the Board shall constitute a Cost of the Fueling
System payable from Bonds.
(b) No failure, delay or interruption in any service or services whether such service
or services shall be supplied by the Board or by others shall relieve or be construed to
relieve the Lessees of any of their obligations hereunder or shall be construed to be an
eviction by the Board, or, except when resulting from the negligence of the Board or from
its willful failure to furnish or supply such services if any (except where the Lessees are
in default in the payment of rentals), shall constitute grounds for any diminution or
abatement of the rent payable under this Agreement, or grounds for any claim by the
Lessees for damages, consequential or otherwise. It is provided, however, that nothing
herein shall diminish or abate the requirement herein that Net Rent shall be paid uncondi-
tionally.
Section 10.4. ADDITIONS, EXTENSIONS AND MODIFICATIONS OF FUELING
SYSTEM, ADDITIONAL BONDS. (a) The Lessees shall not, without the prior written
approval of the Board, erect any structures, make any improvements or do any other
construction work on the Leased Premises (except reconstruction in the case of damage
as hereinabove provided) or alter, modify, or make additions, improvements or repairs to
or replacements of, any structure now existing or built at any time during the term of
this Agreement, or install any fixtures (other than trade fixtures, removable without
material damage to the Leased Premises, any such damage to be immediately repaired
by the Lessees, which fixtures Lessees shall be entitled to remove).
(b) The Board and the Lessees acknowledge that as the Airport becomes more fully
developed such circumstance will likely require that the Fueling System be extended,
improved and expanded in order to provide convenient and necessary services at the
Airport. Accordingly, provided additional land or easements are available if needed for
such purposes and is or are leased hereunder as a part of the Leased Lands, the Board
shall make such additions, extensions, improvements and modifications to the Fueling
System as shall be approved by a Majority of the Lessees. In order to obtain funds for
such purposes, the Board, when requested or approved by a Majority of the Lessees, shall
have the right to take such action as may be requisite to issue Additional Bonds therefor.
Upon the issuance of any such Additional Bonds, the same shall be on a parity as to lien
as the Series 1971 Bonds and the Net Rent payable hereunder shall automatically be
increased by the amounts required by the terms of the ordinance authorizing such Addi-
tioncl Bonds, which such ordinance shall likewise be subject to the approval of a Majority
of the Lessees. Such Additional Bonds shall be issued as Special Facility Bonds subject
to and in accordance with the terms, conditions and provisions of the 1968 Concurrent
Bond Ordinance, to the Fueling System Bond Ordinance and to any other ordinances
theretofore authorizing Additional Bonds or Completion Bonds. The Lessees shall have
the same rights of approval with respect to bids received for construction of, and the same
27
89
.Vuto2@aoj au; u;im uoi;aauuoa ui asimdatl;o do s;uaiu;snfpe `spun ja.z `saveuuep jo rium riq
padanoaad s;unoiuL, SuV •;In Jap cans Sue Tim uot;aauuoa ui a3Iu;o; spua;ut;t sda;s ani;jo
saassaq au; asinpU o; saa.12V paLeog aqj, •;ata;uoa Clans jo aaueuuaopad au; aoj S;adns Clans
tla,ea ;suie,,de pui; ;Invjap ui os ao;aea;uoagns do do;aea;uoa au; ;sup;JU pdeog au; jo saip
-atuaa au; ;snugxa o; `siatl;o u;im uoi;aunfuoa ut ao Sla;eaedas iaq;ailm `paaaoad Sl;diuoad
Iiim piuog au; `iva;sSS Vuiland au; jo uoi;ana;suoa au; u;im uoi;aauuoa ui ;i Sq ap m
pv i4uoa .tiute aapun ao;aua;uoagns ao dopLa;uoa Su-e jo ;Inujap jo ;uana au; uI 'Sgjjg AS
QNV `SYO,LOVYLNOO9AS `S901OVYINOO .LSNivDv saias INgy '9'Oi uoi;aaS
•alies jo a;up au; It;un pamajap saa;;-em iag4o We pine
ales jo suuda; au; pine suoisinoad pavmte `;sada;ui ,Io a;ed doj ;daaxa `aau'eutpdo a;alduuoa
v weauu o; pauzaap aq Ilvus auues au; `spuog 2uiziaotl4ne aautmipao rfuLe u;im uot;aauuoa
ui paambad st joadatl; S;idoNN v do saassaZ Jo lenoddd-e au; uiadaq danau@gAi (p)
•tl;imadatl uot;aauuoa ut slLenoadde an12 o; A;idotl;nie au; aAvq Ileus ani;U;uasaadaa Clans
put, `joaaaq salquueaad au; ui o; paaaapa `s;uauuaaa2V aa;;a'I au; jo ;avd v sv paunbaa
pdVog SdosinpV auildiV au; uo VuindaS uatl; aaquiauu au; aq Iluus pine si ani;t;;uasaadaa
uaium `;uauuaad V stq; o; ;aadsaa tl;tm jlugaq s;i ui pL, o; ani;�e;uasaddad L' ;iuudad o;
anui;uoa Ilim pine pa;uiodde nail Sgadaq saassaZ au;jo gzma `;uauuaaa2V siu; dapun amp o;
auu; uuodJ 2uistaU pine lUnoaddu ,saassarj 2uidinbaa saa;;,em aatl;o o; ;aadsaa u;iAl (a)
•uot;udoddoa au; Sq paziaocl;ne uaaq sbq uani.W uiadagq
IVnodddu au; ;,eq; pine `uogeaoddoa au; Sq ua)g; os uaaq aAuq o; pauunsadd Slanisnlauoa
aq IILgs aaaiUo Clans Sq panodddu snub najvtu au; o; ;aadsaa u;im ua3Ie; aq o; Sjussaaau
suoij;m a;edoddoa IIS pine SSL ;Vu; aauapina anisnlauoa a;n;i;suoa jlas;i Ilius Xui;iam
clans SSL, pine `Slani;aadsaa `aassaZ 2uinodddu clans thea uodn�uiputq sjanisnlauoa.'duiaq sv
`paxup sl uoi;teaodaoa au; jo Deas au; g;)itlm uo pine `pagi;aaa sntl; aaaWo SSL, Sq pau.Vis
(saauvutpdo do s;uauunaop `s;uauuna;sui clans SUe anoaddL, o; 2ui;aodand) 2ui;iam SUL uodn
Slaa Seuu `spuog jo sdaploq aq; 2uipnlaui `sll;noadde Clans Suu Sq pa;aalp, sai;aud paid; lle
pine pieog au; pine !o;aaatl; uoi;edoddoa au; puiq o; pu'e s;uauuna;sui clans SSL, anodddu of
paztaotl;we aau otlm aassaZ clans jo saaoUjo ;uaquunaui au; u;doj ;as Ilu is a;-eapi;aaa clans
pine `uoptmodaoa clans jo Deas au; aapun `uoi;udoddoa clans jo Sav;aaaas ;uugsissV uv Sq do
Sdu;adaas a;vaoddoa s;i Sq pau2is a;vagi;daa u paLog au;o; gsiudnj Ileus aassa7 2uinoadd'e
gava `spuog 2uizmotl4nL, aaututpao aatl;o Suu do aauvuipdp puog uua;s,is 2uiland au; jo
saassaZ au;jo �;iaofvN v ;seal ;,e Sq paainbaa uiaaaq slUAoaddte au; o; ;aadsaa u;iAl(q)
•o;aaatl; saassarj IIS '�uipuiq Slanisnlauoa
sv lenoaddte clans uodn Slaa Sum sapred paid; pa;aajju lle pie pauog ail; pie `saassaZ
ail; jo S;idoCtIN L' Jo Itnoaddte ail; jo ;diaaaa ail; uodn joaaatl sasodand ail; doJ panoaddu
paaapisuoa aq IILgs s;uauunaop clans do `auop aq Sum .Iuttl; clans `ua)I'e; aq SLLu ;a'e clans
„`saassaZ ail; jo S;idoNN, v jo Sluo paunbaa si ;uauunaop do 2uiil; `;aV UL' Jo ILnoddde
;uauuaaa2V sill; ui aanauatlAl (U) SrIVA0gddb' rIV NYOJ -9.01 uoi;aaS
•spuog uot;alduuoD do spuog
Ivuot;ippV 2uizidog4nL, adojo;aaagl `saau'euipao �uv pine aauvuipap puog uua;s.iS 'duilan q
ail; `aauuuipap puog ;uaaamuoo 896T ail; Jo suoisinoid pine suot;ipuoa `suuda; au; u;im
aauupdoaa,e ui pine o;;aafgns spuog,9;11iama IuiaadS se panssi aq Ilu is pine `spuog IL61 saidaS
au; u;im uail o; st; S;iaud u uo aq Il'eils spuog uot;alduuoD clans •spuog uoi;aldiuoD clans
2uizidoil;n,e aauvuipdo ail; u;im aauupdoaa-e ui pas'eadaui SIitai;eLuo;nu aq uodnaiail; Ileus
dapunaaaq algtSed ;uaH ;aN ail; uail; spuog uoi;alduuoD clans jo aauLmssi ail; JO ;uana
ail; ui pine `asodand ;-eil; aoj spuog uoi;aldwoo anssi o; saiglD au; ;sanbaa lluus pd-eog ail;
`paaui;uig 2uiaq uail; ;aafoad ail; aoj uua;sSS 2utlan,j ail; jo s;soo ail; Sud o; ;uamUjnsui
aq Ilu is spuog leuoi;ippv SSU jo ales ail; uuodj panidap spun] ail; ;uana ail; UI (a)
•sat;iIiaL,3 pi;iuI au;
o; ;aadsaa tl;im joadaq L•g uoi;aaS pine 8.8 uoi;aaS aapun aALq Mail; SE t'01 uoi;aas siu;
dapun suopwippouu pie s;uauuanoaduut `suoisua;xa `suoi;ippe clans Sute `;aadsui o; s4g2ia
prior to the Completion Date shall be made a part of the funds available for the payment
of the Costs of the Fueling System. If any such recoveries are made after the Completion
Date,the amounts recovered shall be deposited in the interest and sinking fund and applied
as a credit to the Net Rent obligation of the Lessees hereunder.
Section 10.7. ADDITIONAL SIGNATORY LESSEES. It is expressly understood
and agreed by the Lessees that the Board reserves the right and option to permit any
Certificated Air Carrier authorized to serve the Airport to become a party to this Agree-
ment as an additional Lessee, provided (a) that such Carrier or Carriers shall execute an
Agreement with the Board containing the same terms and conditions as are contained
in this Agreement; and (b) that such Carrier or Carriers shall first comply with such other
reasonable rules and regulations governing admissions of additional Lessees as the Board
may promulgate from time to time. Upon the admission of any such additional signatory
Lessee the allocation of rents among existing Lessees, as contemplated by paragraph (a)
of Section 5.4 hereof and as initially illustrated in paragraph (b) of Section 5.4, shall be
automatically revised, as therein required and contemplated, to take into account the
addition of such signatory; and by the execution of such Agreement, such additional
signatory Lessee shall automatically assume and agree to pay its share of Ground Rent,
Net Rent, and other costs and expenses under the then existing formula or method of
allocation among the Lessees, as permitted and contemplated by Section 5.4 hereof. A
Certificated Air Carrier for the purposes of this Section 10.7 shall be as contemplated by
Section 2.1 G (1) and (2) of the 1968 Concurrent Bond Ordinance.
Section 10.8. BROKERAGE. The Lessees represent and warrant that no broker has
been concerned on their behalf in the negotiation of this Agreement and that there is
no such broker who is or may be entitled to be paid a commission in connection therewith.
The Lessees shall indemnify and save harmless the Board of and from any claim for
commission or brokerage made by any such broker when such claim is based in whole
or in part upon any act or omission by the Lessees.
Section 10.9. NOTICES. Notices provided for in this Agreement shall be sufficient if
sent by registered or certified mail, postage prepaid, addressed, if to the Board—Dallas-Fort
Worth Regional Airport Board, 604 Ave. H. East, Arlington, Texas 76010, Attention:
Executive Director or to such other address and person as it may direct in writing; and,
if to Lessees—then to the respective addresses as the parties may designate in writing
from time to time. Notices shall be deemed completed when mailed unless otherwise herein
required.
Section 10.10. ENTIRETY OF AGREEMENT. This Agreement constitutes the entire
agreement of the parties on the subject matter hereof and may not be changed, modified,
discharged or extended except by written instrument duly executed by the Board and the
Lessees.
Section 10.11. EXECUTION. It is understood and agreed that this Agreement may
be executed by the Board and by each Lessee signing separate instruments in the space
provided, and that nevertheless, upon the execution of a copy hereof by the Board and
each Lessee, this Agreement shall be conclusively deemed fully executed and binding on
all parties hereto as one and the same instrument.
Section 10.12. FILING. This Agreement shall be filed with the Civil Aeronautics Board
of the United States pursuant to the requirements of Section 4.12 of the Federal Aviation
Act of 1958, and all of the Lessees hereby concur in and approve such filing by the Board.
IN WITNESS WHEREOF, the parties hereto have executed these presents as of the
day and year first above written, but actually on August 16, 1971, being the date upon
which the same was actually signed by the Board.
29
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(IHVOEI DlOdHIV rlVNOIDaU HIHOAI , HOA-S`d'I7VQ
THE STATE OF TEXAS
COUNTY OF TARRANT
BEFORE ME, the undersigned authority in and for Tarrant County, Texas, on this
day personally appeared J. Erik Jonsson, Chairman, and Bayard H. Friedman, Secretary,
of the Dallas-Fort Worth Regional Airport Board, each known to me to be the person
whose name is subscribed to the foregoing instrument and known to me to be, respectively,
Chairman and Secretary of the Dallas-Fort Worth Regional Airport Board, and each
acknowledged to me that he executed the same for the purposes and consideration therein
expressed and in the capacity therein stated, and as the act and deed of said Board.
GIVEN UNDER MY HAND and seal of office, this the 16th day of August, 1971.
/s/ FRANCIS D. MOORE
Notary Public in and for Tarrant County, Texas
[SEAL]
THE STATE OF NEW YORK
COUNTY OF NEW YORK
BEFORE ME, the undersigned authority in and for New York County, New York,
on this day personally appeared J. W. Moore, Senior Vice President and H. Wayne Wile,
Secretary of American Airlines, Inc., each known to me to be the person whose name is
subscribed to the foregoing instrument and known to me to be, respectively, Senior Vice
President and Secretary of said corporation,and each acknowledged to me that he executed
the same for the purposes and consideration therein stated, and as the act and deed of
said corporation.
GIVEN UNDER MY HAND and seal of office, this the 10th day of May, 1971.
/S/ GALE KAY WALL
----------------------------------------------------
Notary Public in and for said County, and State
[SEAL]
31
IrivaS]
a4s4S pus `S;unoo piss ioj pus ui atignd Bas40N
----------------------------------------------------
MANS 'N NVaf /s/
IL6i `AL'N Jo ALT II49 aq4 Stili `aaiJo Jo iLeas pine QNVH XIII HaaNfl NaAIO
uoi�t;aodaoo pees jo paap pine
43,e aqq S,e pie `pa4v4s uiaaarlg uoi4vaapisuoa pine sasodand aii4 ioj aures au4 pa4naaxa aiq
4,eu4 aux 01 pa2paimou31av uoLea pine `uoigeaodaoa pILs jo AxegaaaaS juv4sissV pie 4uaptsaad
aaiA aotuaS `Biant43ads9a `aq o4 aux o4 uenouj pie 4uaurni4sui 2uio2aioj at14 of pagtaasgns
si amvu asoilm uosaad aqq aq o4 aux og uenoux g3va `•auI `sauiZ atV 'egiaQ jo A.Xv4aa3aS
�ue4sissV`aa4assVrI a4I pine ;uaptsaad aotA aoivaS `aapueivaddO •H paavaddv Biivuosaad Svp
SIL14 uo `vi2aoa0 `Af uno0 uo;tna ioj pine ui S4taoLj4nLe pau2isaapun aiiq `aye aaojag
NOZ'Ifid 30 XJ Nf10D
VI0UOa-D ,d0 alVIS aHZ
[ZvaS]
ags4S pus `B4unoD piss aoj pine ut atignd SmjoN
----------------------------------------------------
NO.LSNHOf aNIZIaHJV-X /S/
`Sine Jo "p pug aLD still `aoiJo Jo yeas pine QNVH XJX 'JaGNfi NaAIO
•uot�
-'eaodaoa pILs jo peep pine fav aq4 sie pu-e °pa4v4s uiaaagi uoi4Leaapisuoa pine sasodand aq4 aoj
aures aq4 pagnaaxa aid 4eg4 aux og pa2palenou4aLe gzma pie `uoi4viodaoa pies jo Aav4aaaaS
PUL' 4UapiS9ad aDIA `lSjanigaadsaa `aq o4 aux o� unnoux pie juauxna4sui 2uio2aaoj ai 4 og
pagtaasgns si auxeu asoga uosaad aqj aq o4 aux o4 ue-.ou3l Ila-ea`pa4eaodaooul `sseenal JJtuLeag
Jo SJL'4aa3aS 'uoS43'er 'N SLp pu'e Wapisaad aaiA `2uipiog aa'eaoH paaLadd'e SIILuos iad
Svp siL14 uo `stxal `Ajunoo seiiLea ioj pie ui A41.ioti�nv pau2isaapun aqj `aye aaOLqag
svririv(i do AZNf100
SVXas 30 aJVJS aHZ
THE STATE OF NEW YORK
COUNTY OF NEW YORK
BEFORE ME, the undersigned authority in and for New York County, New York,
on this day personally appeared G. W. McCarter, Vice President and T. E. Creighton,
Secretary of Eastern Air Lines, Inc., each known to me to be the person whose name
is subscribed to the foregoing instrument and known to me to be, respectively, Vice
President and Secretary of said corporation,and each acknowledged to me that he executed
the same for the purposes and consideration therein stated, and as the act and deed of
said corporation.
GIVEN UNDER MY HAND and seal of office, this the 9th day of July, 1971.
/s/ EDWARD J. SCHULTZ
------------------------------------------------
Notary Public in and for said County, and State
[SEAL]
THE STATE OF TEXAS
SECRETARY'S CERTIFICATE
COUNTY OF TARRANT
THE UNDERSIGNED, Secretary of the Dallas-Fort Worth Regional Airport Board,
hereby certifies (i) that the above and foregoing document is a true and correct copy of
a certain Special Facility Fueling System Lease Agreement of said Board, dated as of
April 1, 1971, but actually on the date stated therein; (ii)that said Special Facility Fueling
System Lease Agreement has been duly and fully executed and acknowledged by said Board
and by each of said Lessees and has been properly delivered; and(iii) that a fully executed
and acknowledged copy thereof is on file among the permanent records of said Board.
TO %1VTitY10HICH, witness my hand and the seal of said Board this
-------------------------------
�r---- ------ -----------------------------
Secretary, Dallas-Fort Worth Regional Airport Board
[SEAL]
33
DALLAS-FORT WORTH REGIONAL AIRPORT
LOCATION MAP AND FIRST P ASE CONFIGURATION
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Secondary Roads
a o Airport Access Roads
m I Improvement Fund
W I Graphics
GREENGLADE ROAD
I[ Remote Parking
0 -------Transit System—Terminal Area
err ■ AA Airport Maintenance Buildings
■ ECS Fire and Police Buildings
u. Removal of Obstructions
I Fencing
AA Administration and Operations Building
• I Airport Operating Equipment
■ M Toll Booths
E
1-4, Terminal Half-Loops
W ■ Spine Roadway System
■ I Lighting—Terminal Complex Area
STATE SpUA 35p
HIGHWAY No. TS Terminal Infields
---�--
,83
�O' ■■ ■ ■■- (IRVING)
1
�yyr (EULESS) Airport
a�G
a� Clear Zones
Aircraft Aprons for Requested Gates
0
Fire and Police Buildings
FRemote and Close-in Parking
0
x
N O R T H
O /J
y
S C A L E i N M I L E S