REDU format ruling
Ancient Fairy Dragon

Nearest-era rulings (Tengu, Sept 2011) — no REDU-specific archive exists.
Card effect (current official text)1 Tuner + 1+ non-Tuner monsters
During your Main Phase: You can Special Summon 1 Level 4 or lower monster from your hand. You cannot conduct your Battle Phase the turn you activate this effect. During your Main Phase: You can destroy as many cards in the Field Zones as possible (min. 1), and if you do, gain 1000 LP, then you can add 1 Field Spell with a different name than the destroyed card(s), from your Deck to your hand. You can only use each effect of "Ancient Fairy Dragon" once per turn.
Rulings
And if you do" effects are simultaneous. "Then" effects are sequential. Simultaneous effects do not cause cards to miss their timing. Sequential effects can cause cards to miss their timing.
- If "Geartown" is destroyed, and no Field Spell is searched, you CAN activate Geartown's effect.
- If "Geartown" is destroyed, and a Field Spell is searched, you CAN'T activate Geartown's effect. You can read more about Timing here: https://www.mikamika.de/edison-rules
Rulings data courtesy of Format Library — formatlibrary.com. Spotted an inaccuracy? Flag it in the REDU forum — sourced change requests get reviewed.