HomeMy WebLinkAbout0981 ~
. . •
-2•
In the e~ent eh~ul~ the sali partnsr~ SAAAH PS88 L6B~ ebsuld
~ deelee before the OMner and the Partnsr, HBLSN F. PSBIC, then ani there
the eaia pe~rtnerahip i• iissol~ei and ths sa1~ businses rs~ert• t• the
OKner, PSRCY S. PS$~ ~?a~ HBLSM F. rSSE, hi~ Kif~; in th~ svsnt tl~t
all three pertiee ~enti~a~i her~in eh~ul~ ~e~i~~, thsn ai~ ther~ th~
eatatsl~ ia t• still o~rrT ~ the busineos la traat f~r ths ti~aelit
~f the eaid n~aea ohildren Mhsrein they are ts ahars equall~:
~S. PT(~7C ANN HASgIS; I~IASJABIS ALTXANH~;
P~BCY S. ALBXANDSR ; BUFUS J. AISXANHSt ~ II I
ASTICLS IV
CAPITAI~~ ACCOUNTS AN) i~IITHDaA1~lAL3
l. The oapital of the gartnership, an~ all •th~r ¦~nise ~f, as
Nell as all intrumenta for the p~y~ent ~f ¦0nies t• the part~srahip,
shall be deposite8 in the ns~e ~f ths p4rtnership in any suitable
bai[kirig astablishment~ t• be asesed upon ths part~es heret~; ana all
monies ored~ted therein to the partnership ehall l~e aub~sot to ~itharaKal
snly by ohnak, maae in ths naa~ ~f ths psrtaership, ana o~-eignsi ti~
both ef the pe~rtners.
AETICI$ ~V
- PB~FITS AN~ L0SSS3
1. The net pr~fits, ~r nst l~eees, shall be ii~iiei equally ti~tMeea
the psrtiee herst~, ani the aoa~unt ef saoh ehall b~ crsiitsa ~r debitsi,
~
as the case may be, Mith his/h~r pr~p~rtionat~ shar~ there~l:
ABTICLS VI ~
BOOKS OF AGCOUNT
1. Full and saaursts aac~unts ~f the traneaati~na ~f ths
p~rtner8hip shall ~ kspt in prop~r-ti~ots; ani eaoh part~ shall oause
to be entere3 in the sai8 pe~rtnership b~eka a full snd sacurate
~aaount ~f all bis/her trsneaoti~ns ia b~half ~f ths p~uurtnsrsbip.
2; The boeks of the partnerehip aha~ll bs lc~pt at the plaoe ~f
busineaa ~f the p4rtn~rahip, snd eaah psrt~ shall. at all ti~~~~ hhti??v~
access to an3 ~ay inspsot snel o~py any ~f th~~.
3, At th~ ~na of esoh aalendar year, a full an~ acaurats
inventory shzll be preparei, ani the aasste, liabiliti~~ asi ino~~,
both gross and net, shall b~ aso~rtain, an~ th~ n~t pr~fit~ ~r s~t 1~~~
of the p~e~rtnership~ ehall tie fiz+t~ ani d~ter~in~8. S~oh p~rtn~r slull
have free accese t• th~ b~oks at all ti~~~.
g~154 - 381 `
_ . .u - .
z ~ k~:.