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(2) approve and authorize the execution, delivery and performance of the Trust Indenture dated as of August 1, 1985, (the "Trust Indenture"), from the Authority to First Union National Bank, as Trustee (the "Trustee") providing for the sale of the Bonds; (3) approve and authorize the execution, delivery and performance of the Loan Agreement, dated as of August 1, 1985, between the Authority and Marks & Marks, (the "Partnership") with the form of the Partnership's Promissory Note dated as of August 1, 1985 (the "Note") attached as Exhibit "A" thereto; (4) approve the form of the Note and authorize the endorse- ment thereof without recourse to the order of and the pledge thereof to the Trustee; (5) approve and authorize the execution, delivery and performance of the Security Agreement, dated as of August 1, 1985, between the Authority and the Company; (6) approve the form of the Deed of Trust from the Company to John M. Soldati, as trustee for the benefit of the Authority, dated as of August 1, 1985; (7) approve the form of Lease A~reement dated as of August 1, 1985 between the Partnership and Kettering Industries, Inc. (the "Company"); (8) approve the form of Assignment of Lease dated as of August 1, 1985 between the Authority, the Partnership and the Company. (9) approve the form of the Guaranty Agreement dated as of August 1, 1985 between the Company and the Trustee; (b) The Board of Commissioners for the County of Cabarrus will review the action taken by the Board of Com~,is- sioners of the Authority in connection with the issuance and sale of the Bonds and will make such other examination and investigation as it deems necessary and relevant as the basis for the approval set forth herein. Section 2. Pursuant to and in satisfaction of the require-. ments of Section 159C-4(d) of the General Statutes of North Carolina, the Board of Commissioners for the County of Cabarrus hereby approves the issuance by the Authority of the Authority's Industrial Revenue Bonds (Marks & Marks/Kettering Industries, Inc. Project) in the aggregate principal amount of $1,200,000. Section 3. This resolution shall take effect immediately upon its passage.