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Section 1. The proposed industrial and manufacturing
project for Thorneburg Hosiery CO., Inc. in Iredell County,
North,Carolina, consisting of the acquisition of approximately
30 to 100 acres of land, the construction of a building
thereon of approximately 40,000 square feet and the acquisition
and installation therein of equipment for the manufacture of
athletic hosiery products to be financed for Thorneburg
Hosiery Co., Inc. by not exceeding $3,000,000 aggregate
principal amount of bonds of The Iredell County Industrial
Facilities and Pollution Control Financing Authority is
hereby approved in principle.
Section 2. The Clerk to the Board of Commissioners for
the County of Iredell, North Carolina, is directed to file
a certified copy of this resolution with the Department of
Commerce.
Section 3. This resolution shall take effect immediately
upon its passage.
Commissioner Murdock moved passage of
the foregoing resolution entitled: "APPROVAL IN PRINCIPLE
OF AN INDUSTRIAL AND MANUFACTURING PROJECT IN IREDELL COUNTY,
NORTH CAROLINA, TO BE FINANCED FOR THORNEBURG HOSIERY CO.,
INC. BY NOT EXCEEDING $3,000,000 AGGREGATE PRINCIPAL AMOUNT
OF BONDS OF THE IREDELL COUNTY INDUSTRIAL FACILITIES AND
POLLUTION CONTROL FINANCING AUTHORITY", Commissioner
Campbell seconded the motion, and the resolution was
passed by the following vote:
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