UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G/A*
Under the Securities Exchange Act of 1934
(Amendment No. 1)**
INDEPENDENT BANKSHARES, INC.
(Name of Issuer)
Common Stock, par value $0.25 per share
(Title of Class of Securities)
453841 20 7
(CUSIP Number)
December 31, 1999
(Date of Event Which Requires Filing of this Statement)
Check the appropriate box to designate the rule pursuant to
which this Schedule is filed:
[ ] Rule 13d-1(b)
[ ] Rule 13d-1(c)
[X] Rule 13d-1(d)
* A previous report on Schedule 13G was filed on December 8,
1999. This Schedule 13G/A supplements and replaces such
originally filed Schedule 13G.
** The remainder of this cover page shall be filled out for a
reporting person's initial filing on this form with respect to
the subject class of securities, and for any subsequent amendment
containing information which would alter the disclosures provided
in a prior cover page.
The information required in the remainder of this cover page
shall not be deemed to be "filed" for the purpose of Section 18
of the Securities Exchange Act of 1934 ("Act") or otherwise
subject to the liabilities of that section of the Act but shall
be subject to all other provisions of the Act (however, see the
Notes).
<PAGE>
CUSIP NO. 453841 20 7 13G/A
(1) Name of Reporting Person Dodge Jones Foundation
I.R.S. Identification No. of Above Person
(entities only) 75-6006386
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(2) Check the Appropriate Box if a (a) [ ]
Member of a Group* (b) [ ]
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(3) SEC Use Only
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(4) Citizenship Texas nonprofit corporation
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Number of Shares
Beneficially
Owned by Each
Reporting Person
With: (5) Sole Voting Power 147,318
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(6) Shared Voting Power 0
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(7) Sole Dispositive Power 147,318
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(8) Shared Dispositive Power 0
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(9) Aggregate Amount Beneficially Owned 147,318
by Each Reporting Person
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(10) Check if the Aggregate Amount in
Row (9) Excludes Certain Shares*
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(11) Percent of Class Represented by 6.5%
Amount in Row (9)
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(12) Type of Reporting Person* CO
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* SEE INSTRUCTIONS
<PAGE>
CUSIP NO. 453841 20 7 13G/A
Item 1(a). Name of issuer:
Independent Bankshares, Inc. (the "Issuer")
Item 1(b). Address of Issuer's principal executive
offices:
547 Chestnut Street, Abilene, Texas 79602
Item 2(a). Name of person filing:
Dodge Jones Foundation (the "Reporting
Person")
Item 2(b). Address of principal business office or, if
none, residence:
400 Pine Street, Suite 900, Abilene, Texas 79601
Item 2(c). Citizenship:
The Reporting Person is a private
nonprofit corporation organized under the laws of
the State of Texas.
Item 2(d). Title of class of securities:
Common Stock, $0.25 par value per share,
of the Issuer.
Item 2(e). CUSIP No.:
453841 20 7
Item 3. If this statement is filed pursuant to Sections 13d-
1(b), or 13d-2(b) or (c), check whether the person
filing is a:
(a) [ ] Broker or dealer registered
under section 15 of the Act (15 U.S.C. 78o);
(b) [ ] Bank as defined in section
3(a)(6) of the Act (15 U.S.C. 78c);
(c) [ ] Insurance company as defined
in section 3(a)(19) of the Act (15 U.S.C.
78c);
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CUSIP NO. 453841 20 7 13G/A
(d) [ ] Investment company registered
under section 8 of the Investment Company Act
of 1940 (15 U.S.C. 80a-8);
(e) [ ] An investment adviser in
accordance with 240.13d-1(b)(1)(ii)(E);
(f) [ ] An employee benefit plan or
endowment fund in accordance with
240.13d-1(b)(1)(ii)(F);
(g) [ ] A parent holding company or
control person in accordance with
240.13d-1(b)(ii)(G);
(h) [ ] A savings association as
defined in section 3(b) of the Federal
Deposit Insurance Act (12 U.S.C. 1813);
(i) [ ] A church plan that is excluded
from the definition of an investment company
under section 3(c)(14) of the Investment
Company Act of 1940 (15 U.S.C. 80a-3);
(j) [ ] Group, in accordance with
240.13d-1(b)(1)(ii)(J)
Not applicable.
Item 4. Ownership:
(a) Amount beneficially owned: 147,318
(b) Percent of class: 6.5%
(c) Number of shares as to which such person has:
(i) sole power to vote or to
direct the vote: 147,318
(ii) shared power to vote or to direct the vote: 0
(iii) sole power to dispose or
to direct the disposition of: 147,318
(iv) shared power to dispose or to
direct the disposition of: 0
<PAGE>
CUSIP NO. 453841 20 7 13G/A
Item 5. Ownership of five percent or less of a class:
Not Applicable.
Item 6. Ownership of more than five percent on behalf of
another person:
Not Applicable.
Item 7. Identification and classification of the subsidiary
which acquired the security being reported on by the
parent holding company or control person:
Not Applicable.
Item 8. Identification and classification of members of the
group:
Not Applicable.
Item 9. Notice of dissolution of group:
Not Applicable.
Item 10. Certifications:
By signing below, I certify that, to the best of
my knowledge and belief, the securities referred to
above were acquired in the ordinary course of business
and were not acquired for the purpose of and do not
have the effect of changing or influencing the control
of the Issuer of such securities and were not acquired
in connection with or as a participant in any
transaction having such purpose or effect.
[Signature page follows]
<PAGE>
CUSIP NO. 453841 20 7 13G/A
SIGNATURE
After reasonable inquiry and to the best of my knowledge and
belief, I certify that the information set forth in this
statement is true, complete and correct.
Dated: February 14, 2000
DODGE JONES FOUNDATION
By: /s/JOSEPH EDWIN CANON
------------------------------
Joseph Edwin Canon
Executive Vice President
ATTENTION: Intentional misstatements or
omissions of fact constitute Federal
criminal violations (See 18 U.S.C. 1001)
