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(D) Upon dissolution of the corporation or tim ~inding up of its <br />affairs, the assets of the corporation sl~afl be distributed to Cabarrus <br />County, a governmental subdivision of the Slate of North Carolina. <br /> <br /> IV. <br /> <br /> The corporation shall have no members. <br /> <br /> V. <br /> <br /> The address of the initial registered office of tile corporation shall <br />be 75 Union Street, South, Concord, Cabarrus County, North Carolina~ and <br />the flame of the initial registered agent at the above address is Charles D. <br />NcGinnis. <br /> <br /> /]~e number of Directors constituting the initial lloard of Directors <br />and the number of Directors of the corporation shall be five (5), ~ho shall <br />be elected or appointed by the Commissioners for Cabarrus County, North <br />Carolina, for one-year terms. 'll~e initia! members of the Hoard of Directors, <br />each of whom shall serve for terms of one year, are as follows: <br /> <br /> <br />