HomeMy WebLinkAbout1862 . . ,
. state~ents shall be sent to each Partner within a reason;-
able tims after the e1osA of cach fiscal year. A report
shall bs sent to each Partner indica~ing his share of the
profit or loss of the Partnership for such year £or federal .
and stafi~ income tax purposes. In addition to the foregoing,
the General Partner shall send to each Limited Partner
' monthly operating stater~ents of the Partnership.
• If timely requested by a majority in interest
of the Limited ~a~c*ners the Partnership shall make whatever '
tax election sucn majority of the I,imited Partners raay ~
request, provided such requc~t is reasonable and does not
~tiolate any laus or qoverr~ental regulatioa.
11.' Zinited ~a~tzer ~o~ to Ta.~~ Part in Bu~iness.
~
:
. . The Liiuited Partner sfiall not take part in ~
or interiere in any manner with the conduct or.control of -
the Partn~rsr.ip business nor shall the Limited Partner have
- any~righ~ or authority to act for or bind the Partnership. '
. ' -
' 12. Authoritv oL t:~e Ge~nral Partner.
• - (A) Ths G~neral Partr.er shall have full
~ authority and po~er to carry on t.he business of the Par~- ,
, . - .
~ nershi~ on b~half of and i.~z- the nzrae of the Par: nership,
~ , . possessing all the ~oc•rars a~zd rights of a partnsr in a
.
~ gart ~e~ s~:ip c: it:zou i~itec partners - undbr t.~:e Lac~s of
I
the S ~a~~ o~ Floridz ::itY~ou ~ notice to or ~he consezt of
any _ Li~..? 4aa P~ t^ ~r . All such cons~~t to any oa~ or more
specific acts being here5y e:~resslv y~vzn.
(8) tz'ithout li~ni~i;~g the generality of
S@CtlOII n~H~ ° Of t:115 pSt1C1° °1 2° tYl!e General Partn°r
~ shall hav~ the rir,'~~ and p~:~:~r azd is sp~~i=iczll~• aut:io^-
~
~ ized to do znd ta'.~ ~n~? an~ all o~ .Qr acts and thir_gs
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14. ~ B~oK~44 F~E18~3
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