HomeMy WebLinkAbout1865 , ~ , i
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.(C) Any deed, deed of trust, mortgage, bill
of sale, lease, contract of sale or other instruments ~
purporting to con~~y or encumber the assets oF the Partner-
ship in their entirety or any portion of any real or per-
sonal proDerty at any time held in its name, may bs signe3
by the General Partner on behalf of the Partnership, and
no other signature shall be required. ~o purchaser,m~rtqa-
.gee, lessee, assignee or optionee shall be required to -
ascertain wh~the.r the provisions of this aqreement have
~ been met, and any such person shall be exonerated from
a.zy and all liability if he or it deals ~~ith the approval
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of the General Partner and on the basis of documents ap- -
proved and exscuted on Y~~.half of the Partnership by the ;
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General Partn~r. _ . - . •
Each Li.mited Partner a.*~d any successor or
substituted Li*ni.ted Partner irrevocably~ appoints the
General Partr_er and its successor or-substituted General
Pa?-tner trs a~~orzey-in-fact of the Limit~d Partner to ex-
~ ecute any and all docu~n~nts ~ in the name of the Limited
Partner whicn ~.ay b° I'@Q~17SECI to carry out tne purp~~es of
this Partners~i~, i.-lclu~irg, without lirtitaticn, any
, agreenent ~,~?ch th~ General Partner de~ms nQcessary to
s
~ - convey or encur~ber any assets or pro~erty, real or per-
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so:~al, o~ P~t*:ers:~i~, :•:~~hcut i.z anv ~.ay, ~o~:ever,
increasinr 4i~e liabili~y of t!-,~ Lirnitec; Par~.n~r bzyo~d that
~ liability elpr~ssl1 stat~d in this agre~m~nt.
The Grn~ral Part.~r need devote only such
~ ~ t-.r.:e to th~ P~ t^Lrsz~ p as s~-.all be necessar.? to cand~ct
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~ the Fartn~?-shi~ busin~ss in an efrici~nt r.ia~*:~r. It is
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