HomeMy WebLinkAbout0070 as shall be designated for such purpose by the General Partner,
and all partners sha11 have free and complete access at any
reasonable time to all partnership books, records, reports,
and work papers, of any kind, including auditors' records and ~
work papers. The books shall be closed and balanced at the
end of each fiscal year. The financial statements (balance
sheet, profit and loss statement and statement of capital and
retained earnings) of th~ Partnership shall be examined as of
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the close of each fiscal year by a firm of independent certified
public accountants, acceptable to each of the partners, which
shall, within sixty (60) days after the close of each fiscal
year, furnish to each of the partners a report containing such
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financial statements (prepared in accordance with generally
accepted accounting principles consistently applied) and their
opinion thereon. The General Partner wiZl also further furnish,
at Partnership expense a quar.terly financial statement, which
shall include a balance sheet and a profit and loss statement, for ~
each quarter of each Partnership year, together with such other
financial statements as may be reasonably reqsired by the Limited
Partner for tax purposes.
The General Partner shall further furnish within sixty (60)
days from date hereof and thereafter for each f iscal year, an
annual budget far the Partnership and such revisions to said
budgets as may be prepared by the General Partner for the Partnership.
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~ 800K ~V PACE ~
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