HomeMy WebLinkAbout0068 portion of any real or personal property at any time held in
its name, shall be signed by the General Partner, or its
designee, for the Pa~tnership. No other signature shall be
required. ~
H. Notwithstanding the provisions above with respect
to the authority and power of the General Partner, the Partner-
ship shall not, without the prior consent of the Limited Partner,
expressed in writing:
l. Purchase, or lease as lessee, any additional real
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~ 2. Sell, mortgage, lease as lessor, or otherwise dis-
c
pose or encumber substantially all of the assets of the Partner-
ship in one transaction or a series of related transactions.
3. Exchange assets of.the Partnership for capital
stock in a corporation.
4. Sell or lease any of the partnership property to
an "affiliate" or "associate" of GOREDCO, as those terms are defined
under the Securities Act of 1933; or
5. Change the character of the business of the
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Partnership. ,
' Plithout the prior written consent of the Limited Partner,
neither the General Partner, nor any affiliate or associate of
the General Partncr, as above defined, shall acquire for its oc,m
accouiit, from a thir.d partl•, or at any foreclosure, or similar
sale, any property for.merly oc,,~ned by the Partnership.
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