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HomeMy WebLinkAbout1969 - employment and discharge of employees, and all other duties associated with the office of General Manager, and for that purpose, he shall devote his full time, attention, energies and efforts to the said business; the said HARRY ~ REINHART shall not directly or indirectly, whether as a shareholder, Partner, associate, investor, employee or otherwise, engage in any other business or ; occupation which shall be competitive with or interfere in any manner to the detriment of the Partnership business so 2ong as he shall be a Partner, exceptinq, however, the ownership of stock of a company traded on a major i . ~ stock exchange, the ownership of income producing property, or the performance by the.said HARRY REINHART of engineering or consulting services ; for others so long as the same does not interfere with the performance of his duties as General Manager of the Partnership business. . ~ . . 2. No Partner shall, without the unanimous consent of the ~ Partners , ' , (a) Make, draw, accept or endorse any Promissory note or other engagement or obligation for the ~ payment of money, or guarantee any debt or account in . i behalf of the Partnersliip, except drafts and checks issued ~ ~ by the Partnership within the ordinary course of its business; (b) Pledge the credit of the Partnership except in the ordinany course of the Partnership business, or ( use collateral or assets of the Partnership as security ~ for an such led e of Partnership credit, whether or not ~ Y P g ~ ; in the ordinary course of Partnership business; ~ ~ (c) Assign transfer pledge encumber L?M OIIKI• / I I / SiiGEtMAN, WEISS •~~«,.•LLrE~[~ ww~s~r~wu compromise, release or arbitrate; or consent to arbitrate ~ _ . .cJ ~ovsM r~IM ~T~[lT any of the claims of or debts due the Partnership, except ,f~ ~ ~ : ; 224 F,,~E ~968 ~S- ~ _ :W, ~ ~ _ - - s~ ~ - ~ ~ ~ ~c~ ~ ~ ~ ~ s F~ ~i ~rro~ ~ 2 3 ~ ~ ' ~t.-xi" $ ~ _ , ~ ~#"'~c~~~~~ `