Orange County NC Website
�he eRective dnm ofsuch Parry'switAdrawal, and u �o enysuch manussuch mambersshalinot <br /> • be deemed m be wiNin the amhonzed �umber of An�.orv Commission members for �he <br /> puryoses o(subsa[ion (b)above. <br /> ARi1CLE V11 <br /> 'Com of Aarttmenc Wil�drawel <br /> �.OL $�, ilds Agreemrn[ (a) shall Wce effat immediarely �pon i[s execufion and <br /> delivery by sll Ne Partiee, md(b) shall covwue in eff t so long az�here are az least two Panies <br /> ro tM1e Ageemwt,in each caze subjmt m Nc prorisions of Section 1.02. <br /> ).03. W'thavwvlotvpa�m (a) My Party may wiNdraw Gom Ihis <br /> Agreemmt(md thereby cease ro be a Pazry m Ws Ageemrnp upon mfice given m all Ne othev <br /> Parties and subjmt m We aNcr pmvisions of Ws S«tion. <br /> @) A wiNdrewal may be effative only upon the begwwg o[a Fiscal Vear. A Town <br /> may wiNdraw only wiN a� least one yeats vo�ice. The Cowry may witlidaw oNy with at Icast <br /> no years'nonce. <br /> (c) No wiNArawal shall reGrve a Party of iu obiigamns mder Sectlon 2.05 so long <br /> • az Ntte is Sysrem Deb[ Oucstandiv& P��Pd M1�ve�, Ihaz Syrtem Debt firs[ issued or <br /> covtracted afte�the dah a Party grvm votia of wi[hdnwal sM1ail be disrcgazEM for Ne puryoses <br /> ofHJSSUbsecnon. <br /> (d) No wiNdrewai shall relieve wy Perty of ia individwl liabiliry, if any, wda <br /> mvvomnrn�al laws or oNmvise, relared ro its respative use or oumership o(Ne Soiid Wvte <br /> Sysmm wtich may acnue or which M1as acemed pnor m the eRecuve Eaze a( mch Partys <br /> withdrawel. <br /> ARTICLL^ VIII <br /> Pa�p�e.emannna ane Warrannn <br /> ih<Partia haeby�epeesrnt end werzmt, one to eazh oNer, b�t cach oNy az m i[self, u <br /> follaws: <br /> (a) VaIIAExietevee• DUeAUWOrizatloo 'ITe Parry is a public body validly <br /> orgviized and exisvivg wder State law, haa PoII power ro enrer inm this Agmemm� and hae duiy <br /> au[M1onzcd,exec�ted vW delivaed this Agreemrnt. <br /> • (b) Vall�� Ilou �e Agreemem, whm execumd avd delivemd by ILe Parry <br /> and sssuming i6 due a�Nonza�ion, eculion end delivery by each ot}�o-Parry, will be ihe Iegal, <br />