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present to the County Commissioners an annual audit by a C.P.A. which , <br /> audit shall 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 /> , <br /> geting procedures and other procedures provided for by State Law and <br /> .• <br /> agrees to submit budget estimates to the Board of-Commissionerson • <br /> the standard forms used by county departments; the party of the sec- <br /> .__ <br /> ond pert also agrees to use standard line items for accounting de- <br /> vised or consented to by the County.Accountent from time to time. <br /> • 8. This contract shall expire 20 years from the-date of closing of the <br /> • FmHA Loan. <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 bylaws, in addition thereto, have reason- <br /> able provisions enabling citizens of the community to participate in • <br /> the affairs' of the corporation at at least an annual heating and vest- _ <br /> ing in a Board of Directors the authority to manage the affairs of the. <br /> ... . - - <br /> corporation without a vote of the membership to the extent permitted by <br /> N.C.G.S. 55A, the North Carolina Nonprofit Corporation Act. <br /> _ - <br /> • <br /> . - <br />