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and equipment for the manufacture of hollow metai doors and <br />~elated products, to be financed for The Marmon Group, Inc., <br />by an amount not in excess of '$2,500,000 aggregate principal <br />amount of bonds'of the Authority. Since such application <br />for approval Cannot, under regulations of the Department of <br />Commerce, be officially received until, among other things, <br />the Board approves the project in principle, the Authority <br />has recommended and requested that the Board pass a resolu- <br />tion approving the project i~1 principle without in any way <br />prejudicing the right, and responsibility of the Board under <br />G.S. 159C-4(d) to approve or not bo approve the issuance of <br />the bonds after the Department of Commerce has approved the <br />project and the Local Government Co~ission has approved the <br />bond issue, by which time additional information relative to <br />the project, the company and the proposed financing will <br />have been developed. <br /> <br /> ThePeupon. Oo,~issloneP .~ ~ introduced the <br />following resolution ¥~hich was read: <br /> <br /> ESOLUTION OF APPROVAL IN PRINCIPLE OF <br /> N iNDUSTRIAL AND MANUFACTURING PROJECT <br /> N CABARRUS COUNTY, NORTH CAROLINA~ TO <br /> [BE FINANCED FOR THE MARMON GROUP, INC., <br /> BY AN AMOUNT NOT IN EXCESS OF $2,500~000 <br /> AGGREGATE PRINCIPAL AMOUNT OF BONDS OF THE <br /> ~ CABARRUS COUNTY INDUSTRIAL FACILITIES AND <br /> k POLLUTION CONTROL FINANCING AUTHORITY. <br /> <br /> <br />