HomeMy WebLinkAbout1851 . . , ,
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for investment. The said structur~s and other improvements ~
on the Property, together with all machinery, equipment
and fixtures procured.or to be procured for use in connec-
tion therewith are hereinaf ter referred to as the "Improvement";
the Property an~ the Improvement together beinq hereinaf ter
referred to as the "Project."
. 4. Partn~rs!:i~ Po:•rers. . ~
~ (A) In furtheranca of the purposzs contained
ia Article "3" hereof but subject to the other provis~ons
of this aqree~ent, the PartRers:iip shall bz empo~~ered to
sell, exchange, operate, service, irG~rove,_lease, raortgaqe, .
pledge, a~zd otherwise encu.~zr the project or any part ~
thereof; to reaovate, alter, recoastruct and remodel any
i.mprove~r.ats now or hereafter forming a part thereof and
. to construct additional ia~rovements thereon, to finance -
all:or any of its activities ~ursuaat her~to by secured or
~ -.ttnsecur~d in~ebte3*~ess, and ia connectioa therewith to~ . •
- issue evidence.of indebte~ness, and to execute and deliver ~
! - ar~rtgages, mortgaqe deeds and other security ins ~ents
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~ of eyery nature an~ kind as security ther~for; to.prepay, _
~ .refinanc~ a.zd/or recast zng r.ortgage, ~ortqage debt or
i other lien, Lo enter in~o, ~er~or~ and ~arrv ou~ contracts
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` of every kin3 necessary to or incidenta? to ths acco~~lisn-
meat of its purpose, including agreenznts to arbitrate
disputes with other ~a,rties; to take or o:.iit such further
action in coz.^ection wi~:~ th~ Project as ~ay be necessary -
or desirable to further :he iZterests of the Partnership.
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~ ~ (B) Ta ac~u?re anv oth~r propzrty, real or
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~ persor_uI , iz f ee or unc~r ~ ezs~ , or a.~~ rir.:~ ts th~L ein or
~ a~~ur~er.~Zt tn~reto necessa,~:, d~sir~~~e or a~~ropriate
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