Agenda - 06-20-1978 - Laserfiche WebLink

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present to the County COMmiasioners an annual audit by a C.P.A. which audit shall be in conformity with existing audit policies of the C;nun_ ty. 7. The party Of the second part agrees to comply with County bud- geting procedur a and other procedures provided for by State Law and agrees to submit budget estimates to the Board of COMmiE{!"idn'erson the standard fo s used by county departments; the party of the sec- ond nd pert also agrees to use standard line items for accounting de- vised or consented to by the County Accountant from time to time*. or S. This contract shall expire - 30 years from the date of the FmHA Loan closing. 9. The per y of the second part further agrees to fi ke with the County Auditor a true copy Of the Articles of Incorporation, existing Bylaws and any changes made thereto from time to time; further, the party of the seco nd pert agrees to adopt bylmwa which meet all minimum i legal requrermentp and which b laws Y , in addition thereto, have resoon- able provisions a abling citizens of the community to participate* in the af'f'airs of the corpareition at at least an annual ineeting and vest- ing in a Hoard of Directors the autbar3 ty to mc:rteege the affairs of the corporation without a vote of the membership to the extent Permitted by H•C•a.S. 55A, the North Carolina Nonprofit p Corporation Act.