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discretion of a majority of the parrners, be distributed at any time to all ~
partners~ pro rata, in proportion to their respective original contributions to
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the capital of the partnership. ~ ~
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XI. - !
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Irrespective of any return of contributions to capital in accordance
with Paragraph X(a) of this agreement, all losses that may be sustained by the
partnership shall be shared and borne among all parrners, pro rata in proportion
to their respecrive original contributions to the capital of the parrnership. }
= XII.
At all times during the continuance of the parrnership, the partnership
shall keep or cause to be kept full and-xrue books of account, in which shall be ~
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entered fully and accurately each transaction of the parrnership.
(a) All of said books of account together widi an executed copy
of the Partnership Agreement and any amendments thereto shall at all times
be maintained at the principal office of the parrnership and shall be open to the
inspection and examination of the partners or their representarives. ~
(b) 'Ihe partners agree each with the other to deliver to the partners,
; annual statements of gross receipts and operating e~cpenses as prepared by the
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~ partnership's accountants and in addition, the parrners agree, each with the ~
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~ other, to deliver to the parrners, so-called "Informarion Returns" (prior to the
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~ filing thereof with the Federal and State Governments) showing the profit or loss
ef the partnership and the share thereof of each partner for the preceding calendar
year.
~ (c) All such statements shall be prepared by such firm of certified
~ public accountants as the partnership shall employ for d~e purpose of auditing
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~ the accounts of the partnership.
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XIII.
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~ (a) All funds of the parrnership are to be deposited in the parrnership
` name, in such bank account or accounts as shall be designated by the parrners
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~ from time to rime.
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