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NORTII CAROLINA <br /> <br />CABARRUS COUNTY <br /> <br /> TtllS AGREE~IENT, dated May __ , 1981, between the CABARRUS <br />COUNTY BOARD OF EDUCATION (the "Board") and CAI)ARRUS COBNTY (the <br />"County"); <br /> <br /> W I T N E S S E T H: that-- <br /> <br /> WHEREAS, the Board owns certain activity bnses utilized by <br />it during the school year; and <br /> <br /> WHEREAS, the County desires to lease one or more buses from <br />the Board for summer use ~by the County's Recreation Department; <br />and <br /> <br /> WHEREAS, North Carolina General'Statutes Section 160A-27d{b) <br />permits any governmental, unit to lease to any other governmental <br />unit any interest in personal property that it may own upon such <br />terms and conditions as it deems wise; <br /> <br /> NOW, THEREFORE, in consideration of the premises and the <br />mutual covenants contained herein, the parties hereto agrde as <br />follows: <br /> <br /> 1. Lease. The Board hereby leases to tho County and the <br />County hereby accepts from the Board the following described <br />motor vehlcl es .-~ <br /> <br /> 2. Term. The term of this lease shall commence at 12:01 <br />A.M. on' J~ne~lS, i98], and shall end at 7:$9 <br />198~ · <br /> <br /> <br />