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as <br />Except as otherwise provided by law, all checks or drafts on an <br />official depository shall be signed by the Finance Officer and <br />countersigned by the Program Director, The Governing Board may waive <br />the requirements of dual signatories if the Governing Board determines <br />that the internal control procedures of the LME will be satisfactory <br />in the absence of dual signatures, <br />The Governing Board shall have the accounts of the LME audited <br />annually in accordance with Chapter 159 of the North Carolina General <br />Statutes, <br />19. OWNERSHIP OF REAL PROPERTY AND OTHER ASSETS <br />The Parties agree that all assets formerly owned by OPC, for <br />which the LME is granted use under this Agreement, shall be considered <br />LME assets, except that all assets owned by orange, Person or Chatham <br />County shall remain the assets of Orange, Person or Chatham County as <br />applicable, Upon termination of this Agreement, disposition of the <br />assets of the LME shall be accomplished in accordance with paragraph <br />29. Legal title to all real property necessary to the Undertaking <br />shall be held by the Parties individually, or jointly as tenants in <br />common, in such manner and proportion as they may from time to time <br />determine. <br />20. DISSOLUTION OF OPC AND TRANSFER OF ASSETS AND LIABILITIES <br />The Parties through their respective Boards of County <br />Commissioners, in accordance with the provisions of N,C,G,S, ~122C- <br />115,3, have determined to dissolve OPC and operate as a multi-county <br />program. The dissolution of OPC will be3s effective at the end of the <br />fiscal year in which the action of dissolution transpires~~ <br />-16- <br />