Orange County NC Website
Browse       Search
6 <br /> required to be provided pursuant to Section 149 (e) of the Internal Revenue Code, which information shall <br /> be provided on Internal Revenue Service Form 8038 or any successor form provided by the Internal <br /> Revenue Service. <br /> Section 4. Approval of First Union as Remarketing Agent The removal by the Borrower of The Bank <br /> of New York as Remarketing Agent and the appointment by the borrower of First Union as successor <br /> Remarketing Agent is hereby approved. <br /> Section 5. Absence of Chairman. The Chairman, or in his absence the Vice-Chairman, is hereby <br /> designated the authorized Authority's Representative for the purpose of acting on behalf of the Authority <br /> pursuant to the Loan Agreement and the Indenture. <br /> Section 6. Further Action. The Chairman, Vice-Chairman or Secretary is hereby authorized and <br /> directed to take any and all action, and to execute and deliver any and all agreements, documents and <br /> instruments necessary or advisable to cant' out any of the foregoing resolutions, the execution and delivery <br /> of any such agreements, documents and instruments or the taking of any such actions to be conclusive <br /> evidence of the approval by such persons, or any of them, of the terms thereof. <br /> Section 7. Provisions in Conflict Repealed. All prior orders, resolutions or proceedings in conflict with <br /> the provisions of this resolution shall be, and the same are hereby repealed, rescinded and set aside, but <br /> only to the extent of such conflict. <br /> This resolution shall become effective immediately upon the adoption thereof. <br /> VOTE: UNANIMOUS <br /> ADDED ITEM <br /> Closed Session <br /> A motion was made by Commissioner Willhoit, seconded by Commissioner Crowther to go into <br /> closed session to consult with the County Attorney pursuant to North Carolina General Statute Section 143- <br /> 318-11(a)(5) and pursuant to NC General Statute Section 143-318.11(a)(3) in the matters of Nello Teer v. <br /> Orange County et al. <br /> VOTE: UNANIMOUS <br /> A motion was made by Commissioner Willhoit, seconded by Commissioner Crowther to reconvene <br /> into regular session of the Board. <br /> VOTE: UNANIMOUS <br /> The Board agreed to add to the regular agenda decision items as "Item E" "Consideration of the <br /> wording on the Chapel Hill/Carrboro City School Referendum Ballot' <br /> 8. ITEMS FOR DECISION -CONSENT AGENDA <br /> A motion was made by Commissioner Crowther, seconded by Commissioner Willhoit to approve <br /> those items on the Consent Agenda as stated below: <br /> A. APPOINTMENTS <br /> The Board approved the following appointments: <br /> Nursing Home Community Advisory Committee - the Board appointed Carl Belcher and Rebecca <br /> Soltys for terms ending October 15, 1997. <br /> North Carolina Piedmont Resource Conservation & Development-the Board appointed Ted <br /> Abernathy for a term ending December 31, 1998. <br /> B. MINUTES <br /> The Board approved the minutes as presented for May 1, June 3, June 18, June 19 and August <br /> 26, 1996. <br />