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~ Each of the partners has contributed or will contribute to the capital of the ' t " x~.
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: partnership the amouat in ca~h set forth as his contribution oppoaite his iiame
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. below. and no partner ehall be required to contribute to the capital oi the Partner- i
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ship any sum in exce8s of the suin set forth as his contribution oppoeite hie name
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bereto. . . . - ~ . = . , r_
Partner Cash Contribut3on Capital Subscription
George S, ~ceee ~34, 000: 00' ~ a~1,A00. 00
Rudy Luther , ' . 34„000: 00 . ~ ~ • $i, 000. 00 :
~ K. C. Glaser ~ 34, 000. 00 ~ ~ ~ . 81, 000. 00 = _ ~ `
' ' ~34, 000. 00 ~ ' &1; OOU~ 00' V
W. B. McKinstry . . ,
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The capital subscriptioas shall be payable at such time aa determined by
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the affirmative vote af the partners owning two-thirds or more of the Partnerehip
capital units. - . . . . ~
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~ . - Purpose - . ~
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5. The purposes of this Limited Partnership are to acquire title to the
undivided interest in the par.cel of property located in St. Lucia County, ~ °ti
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• F'lorisia, and more particularly deacribed in the Schedule "A" annexed hereto aad
. made a part hereof, and to operate and manage said property. ~ _
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I ~ ' ~ ~ ~ Units . _ - ~ . ~ ,
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~ 6. The Partnership shall be divided into 460, 000 ~units, each unit .~~i
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representing 1/46Q, ~OOth. of the entire interest of the Partnership. Each partner ~
ehall hold one unit of capital interest for each dollar of capital paid in or subscribed ;
for by said p artner. _ ' ~ - ~ . ~
~ _ Principal Office ~
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- The principal office of the Partnership shall be maintained at ~
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. 1304 Lake Worth Lane, in the City of .North Palm Beach, State of Florida, or
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at such other place or places as thc General Partner may~#rom time to time
designate by notice to the Lirnited Partners. ~ . _
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