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00" <br /> 7. approved the form of the Deed of Trust, to be <br /> dated as of July 1, 1986, from the Company to Charles E. <br /> Harris as trustee for the benefit of the Authority; and <br /> 8 . approved the form of a Guaranty Agreement, to be <br /> dated as of July 1, 1986, from the Company to the Purchaser. <br /> 9. approved the form of a Guaranty Agreement, to be <br /> dated as of July 1, 1986, from Mr. and Mrs. Jerome J. <br /> Richardson to the Purchaser. <br /> The application of the Authority to the North Carolina <br /> Department of Commerce for its approval of the Isotechnologies <br /> Project and the issuance of the bonds has been approved by the <br /> Department of Commerce. <br /> North Carolina General Statutes Section 159C-4 (d) provides, <br /> in part, that "No bonds shall be issued [by a local bond <br /> Authority] under the provisions of [Chapter 159C - Industrial and <br /> Pollution Control Facilities Financing Act] unless the issuance <br /> thereof shall have been approved by the governing body of the <br /> county. " <br /> The Authority and Isotechnologies, Inc. request the approval <br /> by the Board of Commissioners of the issuance of the bonds. <br />