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NORTH CAROLINA <br /> 6 <br /> ORANGE COUNTY <br /> THIS AGREEMENT, Made this the 29th day of September, 1966, <br /> by and between The County of Orange, State of North Carolina, party of the <br /> first part, hereinafter designated the County, and the City of Mebane, a <br /> municipal corporation in Alamance County, North Carolina, party of the <br /> second part, hereinafter designated the City, <br /> WITNESSETH: <br /> That whereas, the County of Orange has engaged the firm of <br /> Alley, Williams, Carmen & King, Inc.,. Engineers and Architects, to make <br /> a survey and prepare detailed plans in order to provide water and sanitary <br /> sewer facilities to an industrial park area located in western Orange County <br /> near the City, said survey and plans bear date of August 29, 1966; and <br /> Whereas, representatives of the County and the City have had <br /> several meetings to discuss the various problems connected with the furnis•:•i, <br /> of water and sanitary sewer treatment for the proposed industrial park area <br /> as described in the detailed report above referred to; and <br /> Whereas, both the County and the City are of the firm opinion <br /> that the establishment of said industrial area will inure to the benefit of both <br /> the County and the City: <br /> NOW, THEREFORE, in order to carry out the above described <br /> undertaking the County unty of Orange agrees as follows, to-wit: <br /> 1. To use its borrowing capabilities for the issuance of bonds <br /> in an amount not exceeding $400, 000, the proceeds from said bonds to provide <br /> for the laying of water pipes and sanitary sewer facilities to the area de- <br /> q <br /> scribed as the industrial park area according to the report and plans as <br /> prepared by the engineers: That the Board of Commissioners of Orange <br /> County has already set in motion the necessary and required steps to have <br />