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k <br /> SERVICE AGREEMENT <br /> COUNTY/CITY <br /> THIS SERVICE AGREEMENT entered into as of the __1st day of AugUf1t,�, 1982 > <br /> by and between COST CONTAINMENT, INC., a corporation incorporated under the-laws of <br /> the State of North Carolina with a place of business in Wake County, North Carolina <br /> (Scottish Bank, Post office Box: 1661, Raleigh, North Carolina 27602), hereafter <br /> referred to as Contractor, and Aran a , _ County/City a body corporate and <br /> politic, of orb County/City, North Carolina __ ( — <br /> ), hereafter referred to as County/City shall be valid <br /> for 12 months commencing after the effective date hereof unless terminated to this <br /> agreement. <br /> FOR AND IN CONSIDERATION OF SERVICE PAYMENTS and the mutual covenants and <br /> agreements herein set forth, IT IS STIPULATED AND AGREEDt <br /> 1. SERVICE PAYMENTS: County/City agrees to pay to Contractor service payments <br /> at the.Sgtg of fifty cents ($.50) per transaction per month which includes cost of <br /> envelopes. A transaction is the mailing of the correct amount and number of food <br /> stamp coupons (hereafter called coupons), correctly addressed and postage prepaid by <br /> the Contractor, to a designated client of the County/City, at an address furnished to <br /> the Contractor by the County/City. All monthly service payments shall be paid to the <br /> Corporate Bank of the Contractor, First National Bank of Smithfield (P. 0. Box 1069, <br /> Smithfield, North Carolina 27577). Compensation at the rate set above to represent <br /> full and complete compensation for services rendered under the terms of this agreement <br /> with total cost to the County/City not to exceed $ 8,400. , unless agreed to by the <br /> County for the 12-month period covered by this agreement. Actual cost of postage will <br /> be paid upon receipt of bill itemized to the satisfaction of County from the Contracto . <br /> In the event the U. S. -Postal Service increases the cost of the Ist class mailing <br /> during the contract period, the increased costs of postage (to Contractor) shall be <br /> t - <br /> borne by the County/City beginning with the month such increase occurs. <br />