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23 <br />Exhibit B <br />s <br />DEC?.:.?a.ICY <br />RE: <br />B--Tz ICLa L INT=- , 7 Or TE COL;Nt^_ 02 01!kNG3, NORTH CAROL: A <br />4 a,Y nMUS- '_'3TaL ?ROj_7CT <br />The urders.1 g _d, THE T_,ILI.`ST3TiL 7rVrLO ?T CCR?O- RAT10K IY <br />Tad✓ COUYTY OF 03A�`GE `iC CAROL -`La a Yorth Carol, na. -1 prof! t <br />corporation (the "Corporation ") hereby nixes the follow'' -'lg declara- <br />tf on ? Favor of the CCi?iT7C 0 C? 4YGE, Y03T CABOLLYA ( the "CoL ^.ty" ) <br />for =ae pu_•pose of 3?v+ =s ?ub�!c notice of the be-, e_ici l TZta_est <br />of the County in an industrial pro;;ect- <br />The Co_-.)or=tion is t.`ie owner in fee si__g1_ 'of the. - <br />real esta_e described is w•C!bit A attached hereto and made _ prt <br />hereof (_h_ "L ^•d") . <br />2 Conc•_rrently with the execution and delive-y of this <br />_ecla-raticn the Corporation is issuing its First Mortgage Bonds <br />(ti., "3ands ") for tae ?u_r?ose o-' f{ zinc_ ^.g `he co' st= action and <br />aCCLisiti- Of 2S'1 zzd•_s =rial project (t::e "project ") which is being <br />constructed an the land. The Bcnzs are being issued under and <br />SeC•Sred by ? Mortgage an! - denture Of, `!'r'.st dated as Of Oc`.00er 1 , <br />1972 frow the Cor?crsS'_ea to State ;tatior_a1 Bak of <br />as Tr_,stae. - =o3ect Has Seen IF25ea <br />YO =.3e CO�Ora.lon. r� der and 711rsL__ ^_� �-0• she =z —+-s Oi a Lease � >_ ° - =- <br />nt dated October 1 , 3972 :or reHtr?s <br />sufficient to pay <br />the pr__cipal, 1:terest, ar. pre=!.0 -, i_ - ^Y, on t e Sends. <br />3. Tae Articles of i-icorSor_tio_n z^_d t e BY -T_zus Of twe <br />Corporation vrov+_ce that after the 3o^ds are f�Y paid th- COrpC=a- <br />----- t_Fos -s z}?.- te:.3er- �e- s.�.•d-- -�-:d -- Wiz_- ��ec -. -tom- t C�•�y- by- �_.. -. <br />t`iat Cou^_ty-ray ice• { re the la.Zd and the ? =O ject wi:: out _ ^Y <br />consideration_ on its part end free and clear Of lien -h- ( =xce- . <br />for _he then existing rights of Valley Forge Co== `oration, Or its <br />successors Or ass:gs render the Lease Airs _eRt)• <br />4. In fu== t•erance of the - �7Te�0 {..g the Cor.DOraticn is <br />delivering to the Bond Trustee concurrently herewith its dal! ex'- F=ated <br />Warranty Deed to the County Lovering the Land and the Project with <br />irrevocable instruct ions to deliver such Deed to the County upon the <br />payment in f••11' or :he Bonds, at whit:, t—,' -e the conveyance of =he <br />Land and 'he Project to the CountY sh211 become effective. <br />• It{ `dTTY_SS .+ �30i, T_' ?YDOS -R71_k , i1E TAP1 T- CC��O!i4 ^sT_ON j <br />IN THr- COUM OF OR,,UG y- O.nH C ?RoEX(A has caused this Decl&- ratioa ' <br />to be signed on its behalf, in its. corporate nz=e, by its President jf <br />or one of its Vice ?residents, a.-id its corporate seal to be hereunto <br />affixed and such seal to be attzsted by its Secretary or _Z Assista' -t <br />Seer tart, a1 as- of this Isr day of October , ,972. <br />T:-:E INDUST -4ZAL DEz r-TO ?.ETT CO ??ORATIO, <br />1It THE COLWTy. 0. 0R I[G , YORTIi CA_ROT T`IA j j <br />_- - is <br />✓ I- COR ?o7:AT_•SEAL) <br />r • <br />• r ._ /�i % .% ./ /'I � %_�•i_r .•.' `ter i j'•% i... , r _�� <br />lj <br />