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i..: ~~ §. . _~_ present to the County Ccmmiaaioners an annual audit by a C.P.A. which. audit shell be i.n conformity with existing audit policies of the Coun- ty. 7. The party of tha second part agrees to comply with County bud- geting procedures end other procedures pzovided for by State Law and agrees to submit budget estimates to the Baerd of Ccsemiagioneraon the stcnderd forma uaad by county depertenenta; the party of the sec- ond paxt also egress to use standard line items far accounting de- vised or consented to by the County Accountant from time to time. 9 9. This contract shall axpire ,,,.._. , ~`-^-W 30 years from the date of the FmTiA Loan closing, 9. The peaty of the second part further agrees to fi3;e with the County Auditox a truce dopy of the Articles of Incorporation, existing Bylaws and a.~ly changes made thereto from time to time; further, the petty of the second part agrees to adopt byleva which meet all minimum legal requirements and which bylaws, in addition thereto, have reaaan- able provisions enabling citixene of the community to participate in the affairs of the eorparetioa at at least as annual ineating sad vest- ing in a Board of Directors the authority to managa the affairs of the corporation without a vote of the membership to the extent persaitted by N.C.G.S. S5A, the North Carolina Nonprofit Corporation Ac:.