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277" <br /> <br /> And, Be It <br /> <br /> FURTHER RESOLVED: <br /> <br /> That the Chairman and Clerk of this Board be and they are hereby authorized in the name <br />of Cabarrus County to join in the execution of a Deed of Trust with said Cabarrus County <br />Agricultuxal Faix, Inc. for ~he sole purpose of releasing any reversionary interest ~ha~ may be <br />held by Cabarrus County in said property, to the end ~hat said Cabarrus County Agricultural Fair <br />Inc., may be able ~o borrow funds necessary to make the improvements hereinbefore referred ~o <br />upon said proper~y, but in no event shall said Chairman and Clerk execute any instrument that <br />assumes or creates an indebtedness in the name of Cabarrus County in said ~ransaetion and Pxovided <br />however, that said Deed of Trust shall provide fo~ payment ~o Cabarrus County of any suzplus ~hat <br />may result from a sale of said property under foxeclosure. <br /> <br /> In Witness whereof, we , ~he undersigned Commissioners, have hereunto indicated our consen~ <br />this 5th day of July, 1955. <br /> <br /> J. Lee White <br /> L. Bowman Barrier <br /> P.E.Stallings <br /> W.Frank McCray <br /> M.S. Lyles <br /> <br /> There being no further business the Board adjorned to meet July 6, 1955. <br /> <br /> The Board of Cabarrus County Commissioners me~ July 6, 1955 at 10:00 A. M. with the <br />follo,~rl, ng members presen'~: <br /> <br /> Chairman: J. Lee White <br /> <br /> Com~l. ssioners, L.Bommn Barrier, P.E.Stallings, tg. Frank ~'cCr~' and M.S. Lyles <br /> <br /> The entire day was spent in going over the Budget. <br /> <br /> There being no further business the Board adJorned to meet at 10:00 A. M. on July 18, 1955. <br /> <br /> <br />