BC 1992 06 01 - Laserfiche WebLink

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562 The Pay Scale as approved by the Board included Salary Grades 48 through 89. Each grade contained nine steps with a five percent (5%) pay difference between each step and each step contained ten one-half percent (1/2%) levels. The Pay Scale is included by reference as a part of the minutes. NEW BUSINESS UPON MOTION of Commissioner Payne, seconded by Commissioner Hamby with Commissioners Payne, Hamby and Barnhart and Chairman Carpenter voting for, the Board approved the following contract between Cabarrus County and the Friends of the Cabarrus-Kannapolis Library, Inc. relative to the bequest of Margaret McConnell Holt. NORTH CAROLINA CABARRUS COUNTY CONTRACT THIS CONTRACT, made and entered into effective the 1st day of June, 1992, by and between CABARRUS COUNTY, a body politic and political subdivision of the State of North Carolina, hereinafter referred to as "CABARRUS", and the FRIENDS OF THE CABARRUS-KANNAPOLIS LIBRARY, INC., a non-profit corporation of Cabarrus County, North Carolina, hereinafter referred to as the "FRIENDS OF THE LIBRARY"; W I T N E S S E T H: that -- WHEREAS, the FRIENDS OF THE LIBRARY is a not-for-profit corporation established to promote, support, develop and coordinate library and related services associated with the Cannon Memorial Library in the City of Kannapolis, North Carolina; and WlqEREAS~ in a codicil to her Last Will and Testament dated December 21, 1984, the late Margaret McConnell Holt bequeathed to CABARRUS a distributive share of her estate, the current net value of which is Thirty Thousand Six Hundred Fifty-Three and 00/100 Dollars ($30,653.00) (the "Holt Bequest"), among other things, "for the purpose of establishing and maintaining an art collection to be known as the "Don S. and Margaret M. Holt Art Collection"... (presumably in the Kannapolis branch of the Cannon Memorial Library in that it is the only public library in Kannapolis, North Carolina) .... (and to).., use this bequest in such a manner that the Don S. and Margaret M. Holt Art Collection (the "Holt Collection") and the Holt Bequest may further art education for all citizens of Cabarrus County; and WHEREAS, CABARRUS and the FRIENDS OF THE LIBRARY desire to enter into a contract whereby the FRIENDS OF THE LIBRARY will undertake programs and activities in or about the Kannapolis branch of the Cannon Memorial Library to maintain the Holt Collection and to further art education in Cabarrus County pursuant to the wishes of Ms. Holt as set forth in her will in the Holt Bequest; and WHEREAS, under the provisions of N.C.G.S. 153A-11, 153A-149(c)(6a), and N.C.G.S. 160A-488 and related statutes, CABARRUS is authorized to contract with the FRIENDS OF THE LIBRARY to maintain the Holt Collection and to appropriate the Holt Bequest to the FRIENDS OF THE LIBRARY for public purposes; and WHEREAS, the FRIENDS OF THE LIBRARY desires to maintain the Holt Collection and to implement the intent of the Holt Bequest for the benefit of the citizens of Cabarrus County through the Kannapolis Branch of the Cannon Memorial Library, and CABARRUS has determined that the FRIENDS OF THE LIBRARY is singularly suited to implement and advance the purposes set forth in the Holt Bequest; NOW, THEREFORE, in consideration of the premises, CABARRUS and the FRIENDS OF THE LIBRARY do mutually agree as follows: 1. This contract shall commence on the date hereof and shall exist and continue for so long as the FRIENDS OF THE LIBRARY shall continue to maintain the Holt Collection or to administer the funds of the Holt Bequest transferred herein to the FRIENDS OF THE LIBRARY by CABARRUS; NOTWITHSTANDING the foregoing, this Agreement may be terminated by CABARRUS or the FRIENDS OF THE LIBRARY upon ninety (90) days written advance notification by either party to the other. 2. The FRIENDS OF THE LIBRARY shall maintain the Holt Collection previously established in the Kannapolis branch of the Cannon Memorial Library and shall continue to promote, support, develop, coordinate and further art education for all citizens of Cabarrus County for the benefit of the citizens and residents of Cabarrus County as contemplated by the Holt Bequest. 3. CABARRUS hereby appropriates and pays to the FRIENDS OF THE LIBRARY the sum of Thirty Thousand Six Hundred Fifty-Three and 00/100 Dollars