HomeMy WebLinkAbout0944 ~ 7, p~tt•~;11;1;iC ~.:onsidering custom in th~ lvcal area
and a~ the ex~~=~13~ ~f the Limited Partnershio, title,
liability, ~:13u11ty, property damage, fire, and other in-
~urance to ~}r~~~4~~ the Lim~ted Partnershi.p's properties;
g, ,r..k.: :1~1y or ull elections under the tax laws of
the Ur.it~d ~tst~s, ~he State of Florida and St. Lucie County
?
as to t:~a L c•r::~L~~nC of items of Linited Partnership income,
~ain, ~ o,s ,~:~~~uctivn and credi*, and as to all other relevant
:~~tters, b~li=y2S necessary or desirab3e;
9. ~breer~~nts and contracts cvith parties,
~,i~ r,ot ;i:~i~ed to, ^~anagers, suoerv3sors, exec-
inclu.i_^.;, •
utives, ~~s:1C~yJ, ~4'~y`~rs, and r?al estatQ brokers, and
~ive ; =3, ~'='-~3~=' '-na 3i ~c;z3-g°s, with respect to all
~~e _'v:,,; J_::~ r.:at*srs ir.cldent thereto as tY:e General
Partr.~r .-:1;; ~z='~ a~v=~able or ~pprooriate; and
1~. :•,..;'~r.~ a.^d a13 ~;.rer acts or activities cus-
`cT~ziy :•:-';:~r: to th~ 2~.~+~is±*.lor_, o:vnershio, management,
~~~r~y~.~.~., I._ a3ir.~; s::d d~~~o~! tion of the Real Proper~y
r;,_ ~h Yu^~ose5 ~e* iorth in Section 4.
cons ~er. _ °
,
.;~nt: i: :'3: tner ~'~ali be re~nbursed for out-of-
! ocket ~xeargesy :.^.c~s: red on ~e~a? .t of ~he Limited Partnership.
p. ~ed ?a: rr.ers ~rall not participate in the
r,_anagemen~ ~~n~:o~ o~ ~'r.e L~~.ited Partnership's business,
r.or shal? "a-~3a~~ ~u;ir.~ss far the Limited Partner-
ship, no~ L~='=~ ~3ve ~'r.e ao~~?er to sign for or bind the
~ Limited P,= ~T'-rs~='~ ~~ai~ ~o ~?ers being vested solely and
t
; L:`:~ •i~'.^.?.^31 Partr.er. ih;s provision shall not
excl~l::i<<?=1
_ ~aw~•~pr ~o ~revent ~he Lir~ited Partners from
~ be ;•jn~t r~: ~ ~
' . s~.~;:~ 3: _ s3rs of ~he Par~nersrip and the
in~,, '
.~j :.=^ai~ T.:se dilinent efforts to respor.d to such
Go±;,,. .
' , ~ ~~~r.~r,:~;; :.o ic?yp Lhe i,jT',~ted ?artners ir.forned.
i .~c-_
~~~;,:1. ~:--~a-_~r. si:all be 2-:a; la~le as provided for in
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_ ; ~n , ~ro-~,sicr :,~aII not be construed, ::o~.~ever,
,rav~r:~ ,,;:a ~~:'_~ec: °a_r~r.ers fram es~rc~sir,g a~y and al'_ .
~'e -
,3 ~ ~~w r_~f :s, i?ges or ~~~~i es as spt forth ir. tnis
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