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Home My WebLink About0050 ~ I,IMITED PARTNERSHIP AGREEMENT HARRISON LAND DEVELOPMENT, INC. - GULF OIL REAL ESTATE DEVELOPMENT COMPAIvY TABLE OF CONTEN7'S Pa e 1. Formation and Name . . . . . . . . . . . . . . . 1 2. Character of the Business . . . . . , . . . . . . 2 3. Term of Partnership • • . . . . . . . . . . . . . 2 4. Representation and Warranties . . . . . . . . . . 2 5. Interests of Members . . . . . . . . . . . . . . 3 6. Contribution and Financing. . . . . . , . , ~ ~ ~ 3 7. Construction and Land Development ~ 6 8. Profits and Losses . . . . . . . . . . . . . . . 6 8A. Tax Provi~sions . . . . . . . . . . . . . . . . . 8 9. Payment and Distributions • . . . . . . . . . 10 10, Partners' Liabilities ~ • • . . . . . . . . . . . 11 11. Management • • . . • . . . . . . . . . . . . . . 12 12. Activities of Limited Partners. • • . . . . . . . ~ 18 13. Bonds and Insurance • • • • . . . . . . . . . . . 18 24. Banking . . . . . . . . . . . . . . . . . . . . . 18 15. Books of Accounts • • . . . . . . . . . . . . . . 18 16. Termination and Dissolution . . . . . . . . . . . 20 17. Assignability of Partnership Interest 23 18. Power of Attorney • • • . . . . . . . . . . . . . 27 19. Indemnity • • • • . . . ~ . . . . . . . . . : . . . 27 20. Agreement in Counterparts • • • • . . . . . . . . 28 21. Terms of Leases • • • . . . . . . . . . . . . . . 28 ~ SOOx ~ P~ ~ # ~ ' - - - . _ . ~ ~ ~ `"m-~ - ~