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7. Title to the Caunon Memorial Library and all of tbs books and <br />,/ other assets in said'library shall be and remain with Concord. Title to <br /> the real property and all books-and other assets of the branch libraries <br /> shall he and remain with Cabarrus, Title to assets acquired in th9 future <br /> for the CannoD Memorial Library will be in Concord and title to assets <br /> acquired in the future by the branch libraries shall be in Cabarrus. <br /> 8. All purchases ~f books, supplies and all expenditures of money <br /> shall be made by the Head Librarian under the provisions of the Local <br /> Government 'Finance Act. <br /> 9. Contributions to the County library system by persons, firms, <br /> interest groups or governmental subdivisions to fund particular items may <br /> be acce~ted and used for the purposes designated subject to approval by <br /> the Head Librarian and the Board of Library Trustees. <br /> 10. This Contract shall be effective upon its execufion and shall <br /> remain in force and effect throuBh December 31, 1990. The Contract may be <br /> renewedi~by joint agreement of Concord and Cabarrus. <br /> · --IN~TESTI}tONY ~t~REOF, Concord has'caused ti~is instrument to be <br /> executed by its Mayor and Cabarrus County has caused the same to be <br /> executed by the Chairman of Its Board of Conunissiooers, all upon authority <br /> duly given, the day and year first above written. <br /> <br /> CAB/uRP, US COUNI~ '/1 ~ <br /> <br /> ~2~trman of eke ~ <br /> <br />  oard of Conunissioeers - <br /> <br /> <br />