Orange County NC Website
,The Corporation: Orange County Community Activity Corporation <br /> 8704 Mourning Dove Road <br /> Raleigh, North Carolina 27615 <br /> Attention: President <br /> ARTICLE XVI <br /> MISCELLANEOUS <br /> Section 16.01. No Personal Liability. No member of the County Board of Commissioners or <br /> offar or employee of the County and no member, director, officer, or employee or agent of the <br /> ;X:poration will have any personal liability for acts taken in accordance with this Agreement. <br /> Section 16.02. Amendment. This Agreement may not be modified or amended except by <br /> -w quent written Agreement authorized by the governing bodies of each.party and signed by authorized <br /> ltcsentatives of both parties and any amendment to Articles III, IV or XIV or which is otherwise <br /> gir a to the Owners of the 1994A Bonds must be approved in writing by the Owners of a majority in <br /> pdadpal amount of the 1994A Bonds. <br /> Section 16.03. Entire Agreement. This instrument, including the Exhibits attached hereto, <br /> .tootains the entire Agreement between the parties, and no statement, oral or written,made by either party <br /> of agent of either parry that is not contained in this written Agreement shall be valid or binding. <br /> Section 16.04. Severability. If any of the provisions of this Agreement shall be held by a court <br /> of competent jurisdiction to be unconstitutional or unenforceable, the decision of such court shall not <br /> affect or impair any of the remaining provisions of this Agreement, and the parties shall, to the extent <br /> *deem to be appropriate, take such actions as are necessary to correct any such unconstitutional or <br /> umiforceable provision. It is hereby declared to be the intent of the parties to this Agreement that this <br /> AVeeument would have been approved and executed had such an unconstitutional or unenforceable <br /> provision been excluded therefrom. <br /> Section 16.05. Cooperative Efforts. This Agreement shall be liberally construed in order to <br /> ymnote a harmonious relationship between the parties with regard to the management and operation of <br /> :6o;CAC. The Corporation accepts the relationship of trust and confidence established between the <br /> poration and the County by this Agreement. The Corporation covenants with the County to furnish <br /> ;kt'.best skill and judgment and to fully and effectively cooperate with the County to accomplish the <br /> POposes and objectives of this Agreement. If a problem arises that this Agreement does not directly or <br /> hdrettlq address, the Corporation and the County agree to work with one another to determine a <br /> wally satisfactory solution. <br /> Section 16.06. Approvals. Notwithstanding anything herein which may be to the contrary, all <br /> ±oyals or consents required or permitted pursuant to this Agreement shall be in writing in order to be <br /> fired valid and binding. <br /> Section 16.07. Successors and Assigns. This Agreement shall be binding upon the heirs, <br /> PM representatives, successors, and assigns of the parties hereto; provided,however, this provision <br /> not be deemed to authorize the assignment or other transfer of this Agreement which may only be <br /> dished as expressly provided in this Agreement. <br /> 9 <br />