HomeMy WebLinkAbout0759 and to the Li~ited Parnership at its principal offica by ~e~{st~~ed
or certified mail, return receipt requested. .
E. Tl~a General Partner shall call a mee~ing of the
Aiembers on at least ten (10) days notice to every member
whenever:
1.The General Partner considers such a meeting ~o be
necessary or desirable in the interests of the Limited Part-
nership, or
2. Such a meeting is requested by Limited Partners ownir.g
Units a~ounting to at least a ma~ority of the aggregate total
Units then oc~ned.
F. rIo Limited Partner shall have the right to demand
and receive prcperty other than cash in return for his cont:ib-
ut3.on. No Lir~ited Partner shall have priority over any other
Limited Par~r~r either as to his contribution to capital or
by way of ~ncome. Anything in this Agreement to the contrary
notwithst2rL~ng, the General Partner shall not be personally
liable for return of the capital contributions of Limited
Partners, or zny portion thereof,it being expressly under-
stood thai such return shall be made solely from Limited
Partrers:~'~, a~sets. P~o Member shall receive any interest on
his contriou~ion of capital to the Li~ited Partnership.
G. If 2ny Limited Partner shall become liab~e ~o creditors -
oi the Linited Partnership by the application of law, he shall not
~hereby be deemed a"general partner" for the purposes of this
Agreement and he shall not be liable as-a general partner to
other Members:
H. Title to the Real Property o~ personal property shail
be held ~n ~he na~:e of the Limited Partnership.
I. Thzs Agreement shall be binding upon all the parties ~
and their estates, heirs, executors, administrators, successors
and assigns. •
J. In the event ~hat any grovis~on of this A~reer>:ent
shall be held to be invalid, the sa.me shaZl not aff~ct in ?:-J
respect cr-ha~soever ~he vaZi c= ~~r o~ the rema~nder oi ~his c~r~a~~r_~ .
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