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THE BOARD OF COMMISSIONERS <br /> FOR <br /> THE cOUNTY OF cABARRUS, NORTH CAROLINA <br /> <br /> The Board of Commissioners for the County of Cabarrus, North <br />Carolina, met at the Cabarrus County Courthouse in Concord, North <br />Carolina, at 9:30 o'clock a.m., August ~, 1984. <br /> <br />Present:' Chairman presiding and <br />Commissioners <br /> <br />Absent: <br /> <br />Also present: <br /> <br /> Commissioner introduced the following <br />resolution: <br /> <br /> Resolution ~ <br /> <br /> RESOLUTION APPROVING THE ISSUANCE BY THE CABARRUS COUNTY <br /> INDUSTRIAL FACILITIES AND POLLUTION CONTROL FINANCING AUTHOR- <br /> ITY OF ITS INDUSTRIAL REVENUE BONDS (ORCHARD ELECTRONICS, <br /> INC. PROJECT), IN THE AGGREGATE PRINCIPAL AMOUNT OF $4,000,000 <br /> TO FINANCE AN INDUSTRIAL PROJECT FOR ORCHARD ELECTRONICS, <br /> INC. <br /> <br /> BE IT RESOLVED by the B6ard of Commissioners for the County <br />of Cabarrus: <br /> <br /> Section 1. The Board of Commissioners has determined and <br />does hereby declare as follows: <br /> <br /> (a) The Board of Commissioners of The Cabarrus County <br /> Industrial Facilities and Pollution Control Financing Author- <br /> ity (the "Authority") met on July 16, ]984, and took the <br /> following action in connection with the proposed issuance and <br /> sale of the Authority's Industrial Revenue Bonds (Orchard <br /> Electronics, Inc. Project), in the aggregate principal amount <br /> of $4,000,000: <br /> <br /> (1) authorized the borrowing under and the issuance and <br /> performance of the Authority's Industrial Revenue Bonds <br /> (Orchard Electronics, Inc. Project) in the aggregate <br /> principal amount of $4,000,000 and directed the execu- <br /> tion and delivery of said Bonds; <br /> <br /> (2 approved and authorized the execution, delivery and <br /> performance of the Trust Indenture dated as of August 1, <br /> <br /> <br />