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tho real property and all books and other assets of the brasch libraries <br /> shall be and remain with Cabarrus. Title to assets acquired in the <br /> future for the Cannon Memorial Library will be in Concord and tltle to <br /> assets acquired in the future by the branch libraries shall be in <br /> Cabar=us. <br /> <br /> 8. All purchases of books~ supplies and all expenditures of money <br /> shall be made by the He~ Librarian under the provisions of the Local <br /> Governmest Finance Act. <br /> <br /> 9. Contributions to the County library system by persons~ firms, <br /> interest groups or governmental subdivisions to fund particular items may <br /> be accepted and used for the purposes designated subject to approval by <br /> the Head Librarian and the Board of Library Trustees. <br /> <br /> 10. This Contract shall be effective upon its execution and shall <br /> remain in force and effect through December 31, 1995. This Contract may <br /> be renewed by joint agreement of Concord and Cabarrus. <br /> <br /> IN TESTIHONY WHEREOF, Concord has caused this instrument to be <br /> executed by its Eayor and Cabarrus County has caused tho same to be <br /> executed by the Cheirman of its Board of Co~lssioDers, all upon <br /> authority duly given, the day and year first above written. <br /> <br /> CITY OF CONCORD <br /> <br /> BY: <br /> Mayor <br /> <br /> CABARRUS COUNTY <br /> <br /> BY: <br /> Chairman of the Board of Commissioners <br /> <br />PROPOSED AGREEI~NT <br /> <br /> <br />