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AaTICLS VII
I~ANA(~~iT
1. In suoh finsnolal rattsrs aa insurrins ~f •~ctra~r8lnary
eapense or in3ebt~aness, •=paasi~n of tius~n~ss~ and •at~rin~ a neK
bueineas, th~ autual a~rseAent ~f th~ partn~re s2~11 b~ nso~esar~.
In the event of a atat• ~f abs~lut• n~a-agr~~~snt the statu• qu• ~h411
reeain.
2. N~ p~rtnsr ~ay, Mithout ths oonssnt ef th~ •thsr p~rt~r=
(a) ~~rr~x •~ney in the fir~ na~~ t~r fir~ purposes or
utili~e aollatsral ~rnsi my th~ p~?rtnerahip as s~~urit~
f~r auoh lau~;
~b ) Aeei~, transfer, pl~tp ~~r r~l~aN any ~f th~
olalas ef er debt• du~ ths partn~rship ~zoept up~a
pay~ent ii full~ ~r artiitrat~ ~r o~nsemt t• arl~itrati~a
~f any ef the di~put~s ~r e~ntr~v~rsi~s ~f th~
gartnerehip;
(c) Make, ezeout• ~r delivsr an~ aeei~neent !~r th~
~a~fit af ors~it~r~, •rnfeasi~s ~f ~ui~ent, ehatt~l
~~rtta~s, dtc~, ~uarantss~ la~~~~~ bnti, surst~
b~d, er aentract ~f sal~ ~r oontract t• •~11 all
~r substantially all ~f the property of the partnerehip;
t8~ Lease or o~rt~a~e an~ parttierahip resl catat~ er any
intereat therein, ~r •ntsr int~ a~y o~ntraot !~r auoh
purposee;
(e) Pleigs or hyprtheoste or in any ~ther eanner tranafer
hie/her intere~t in the p~rtnarahip, ezoept t~ th~
other party of thia a~reeeent;
AETICLT VIII
DBAWINGS
1. rach p~rtner ~ay iurir~ the oontinuanos of the p4rtaership
~ra~ a?ut ef the p~rtnerahip aac~unt at the bant a¦onthl~ su~ in am
II~ amount to be mutually decirled upon by all portners on s~oc~unt ~f hie/h~r
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share of profits; but if, rrhen the said snnual aeaount is tak~n st the
en3 af each year, it ahall appsar that any p~rtner has drsrrn any et~
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~ in ezcess of his/~~r ah~r• of ths pr~fits, h~/ah~ ahall f~rthMith
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repay sueh excess t• the aaid partnerehl.p s~ooount.
A~TICLS IX
f . ADVAI~CEMEI+fr
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1. No ~rt~sr shall, Mithout the Kritten c~naent •f th~ ~ther
p~rtnere, both as t• 8ata aivano~a and the t~r~a ana o~Seiierati~n f~r
such, a3vance any seniee t• the p4rtnerahip la eageas o! the aeeuat •f
his aforesaid centributi~a t• the a~pital thereof.
~TZ~~ X aooK 154 38z
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