HomeMy WebLinkAbout0904 ahall rsLabur~• or inde~il~ th• ~g~n~ in proportion to
thsir rsapeoti~• int~r~sts h~reio !or ~ espsnas or
againat an~ liability to vhich Jlg~nt u~ b• sub~ected b~
reaaon of 4cting ta Ag~nt her~und~r.
T• If ~snt shall deaire to Lerainats hia
Age~c~, or if h• shall be resoved as Ag~nt in ths taaner
provided below, Agent shall bs disahs~rg~d fro~ all fu~:her
liability her~undsr upon accountiag to hia succsaaor for
' ~ all funda which ha~e pr~~ioual~ oar into hia po~aeasion.
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~ Such accounting shall b• audited, if r~qu~st~d b~ In~~ators
~ o~+ai a 30~ inter~at herein, b~ an aacowa~ant •~lectsd b~
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70~ in inter~at of the In~eatora.
a) ig~nt aa~ be redo~sd by ths xritt~n dirsction
of Investors otioing at lsut a 70~ inter~st hersin.
b) In th~ ~~snt of ths r~aignatioa, remo~al,
death, inco~pet~ncy, or othsr disabilit~ of Agsnt during
the continuanc• of Lhis ~oint •~ntur~, the following psr-
sons ahall act as his succesaors in th~ ordsr atatsd:
1. J.~Allen Yagsr, reaidiog at 420 Broadway,
Paterson, N~w Jerse~.
2. Joaeph Thieberg, residing at !al~0 Eaat 39th
3treet, Patsrson. X~w Jerae~.
3. ~ psraon of 11x11 a~e d~aignated in ti+riting
by In~estora o~rning at l~aat a 70~ iutereat herein.
c) E4ch succeasor llgent ahall hare the ~ ame
riKht~ and obligations as Agent named herain.
8. Agsnt shall bs ~ntitlsd to compsns ation tor
the asrvices r~ndsred and to b• r~adered hereund~r\to be
~ calc~~leted on all ZUnds coming into hia hands for distribu-
tion to Invsators o~sr and abovs the r~turn of~the capital
contribution pro~ided for hersin, and at a rate to be d~-
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re:~mined.
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