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BOARD OF COMMISSIONERS <br /> OF <br /> CABARRUS COUNTY <br /> <br /> Extracts of Meeting of <br /> November 6, 1989 <br /> <br /> Present: presiding, and Commissioners <br /> Absent: <br /> <br /> Commissioner introduced the following reso- <br /> <br />lution the title of which was read: <br /> <br /> RESOLUTION APPROVING ISSUANCE OF BONDS BY THE <br /> CABARRUS COUNTY INDUSTRIAL FACILITIES <br /> POLLUTION CONTROL FINANCING AUTHORITY FOR <br /> OILES AMERICA CORPORATION <br /> <br /> WHEREAS, The Cabarrus County Industrial Facilities and Pol- <br />lution Control Financing Authority (the Authority) has agreed to <br />assist in the financing under the North Carolina Industrial and <br />Pollution Control Facilities Financing Act (the Act) of an indus- <br />trial project by Oiles America Corporation in Cabarrus County; <br />and <br /> <br /> WHEREAS, the Authority intends to issue its Tax-Exempt Ad- <br />justable Mode Industrial Development Revenue Bonds (Oiles America <br />Corporation Project), Series 1989 (the Bonds), in the principal <br />amount of $6,000,000 to be sold by Wachovia Bank and TrUst Compa- <br />ny, N.A., as placement agent; and <br /> <br /> <br />