Orange County NC Website
effect that failure to comply with such requirement or <br />requirements will not cause the interest under the <br />Promissory Note to be includable in gross income for federal <br />income tax purposes or otherwise adversely affect the <br />exemption of such interest from federal income taxation. <br />Section 6. This Resolution shall take effect immediately <br />upon its passage. <br />commissioner moved passage of the immediately <br />foregoing Resolution, and commissioner seconded the <br />motion, and the Resolution was passed by the following vote: <br />Ayes: commissioners: <br />Nos: <br />VA <br />I <br />