Orange County NC Website
._4.. <br /> present to the County Commissioners an annual audit by a C.P.A., which <br /> i <br /> audit shell be in conformity with existing audit policies of the Coun- <br /> ty. <br /> 7. The party of the second part agrees to comply with County bud- <br /> gaging procedures and other procedures provided for by State Law and <br /> agrees to submit budget estimates to the Board of Commissionerscn <br /> the standard forms used by county departments; the party of the sec- <br /> ond part also agrees to use standard line items for accounting de- <br /> vised or consented to by the County Accountant from time to time. <br /> 6. This contract shall expire on the day of , <br /> 1 <br /> 9. The party of the second part further agrees to file with the <br /> County Auditor a true copy of the Articles of Incorporation, existing <br /> Bylaws and any changes made thereto from time to time; further, the <br /> party of the second part agrees to adopt bylaws which meet all. minimum <br /> legal requirements and which bylmwa, in addition thereto, have reeson.- <br /> able provisions enabling citizens of the community to participate in <br /> the ax'fairs of the corporation et at least an annual iaecting and vest- <br /> ing in a Board of Directors the authority to manage the affairs of the <br /> corporation without a vote of the membarehip to the extent permitted by <br /> e <br /> N.C,G.S. $5A, the North Carolina Nonprofit Corporation Act., <br />