BC 1983 12 19 - Laserfiche WebLink

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458 SECOND: BEGINNING at a point on the previously described center line 32.02 feet from the beginning of the previously described line running thence South 27° 47' 28" East 209.58 feet to a point on the line of Cannon Holding Corporation said point being North 77° 55' 06" East 181.30 feet from a new iron peg a corner of Cannon Holding Corporation. SUBJECT, however, to existing sanitary and sewer rights-of- way of Kannapolis Sanitary District and Cannon Mills Company. This conveyance is made and accepted subject to rights-of-way and easements of all streets, roads and highways which cross the property conveyed, together with prescriptive rights, if any, arising out of the existence of any streets, roads and highways located on the property, to any public utility easements, sewer lines or water line easements or rights-of-way affecting the property hereby conveyed, to any restrictions or covenants, if any, appearing in recorded documents in the chain of title and to zoning laws and ordinances. Provided, however, that if the property conveyed by this deed shall have ceased to be used by the Cabarrus and Rowan Counties as a park for the benefit of the citizens of Kannapolis by reason of abandonment, dedication to any other governmental use than parks and recreation or dedication to any private use, title to such property shall, upon the elapse of six months from the date such property shall cease to be so used, automatically vest in the David H. Murdock Foundation for the use and benefit of the citizens of Kannapolis, North Carolina, or if such Foundation shall refuse to or cannot accept such property, titl~ thereto shall automatically vest in The Cannon Foundation, Inc. to be used'for the benefit of the citizens of Kannapolis, or if The Cannon Foundation, Inc. ~shall refuse to or cannot accept such property, title thereto shall vest in a governmental body or charitable organization to be selected by the President of Cannon Mills Company or its successor. IN TESTIMONY WHEREOF, the said Grantor has caused this deed to be signed in its corporate name by its President, attested by its Assistant Secretary, and has caused its corporate seal to be affixed hereto, the day and year first above written. CANNON HOLDING CORPORATION By: /s/ Timothy F. Finley Vice President ATTEST: /s/ Peter J. Tennyson Assistant Secretary STATE OF NORTH CAROLINA COUNTY OF CABARRUS I, Dianne S. Moor~, a Notary Public in and for said County and State do certify that Peter J. Tennyson personally came before me this day and acknowledged that he is Assistant Secretary of Cannon Holding Corporation, a corporation, and that by authority duly given and as the act of the corporation, the foregoing instrument was signed in its name by its Vice President, sealed wihh its corporate seal, and attested by himself as its Secretary. Witness my hand and official seal, this the 1 day of December, 1983. /s/ Dianne S. Moore Notary Public My commission expires: 8-16-87