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such additional Limited Partners-and provided further that the total
- capitalisation of the entire Partnership`shall not exceed the sun of 1t+o
Million Five Hundred Thousand ($2,500,000.00) Dollars.
SBCTION SIX• MANAGBMBNT AND CONTROL
A. The General Partner shall have general authority and
discretion in the management and control of the business of the Limited
Partnership for the purposes herein stated in Section Four. •1he General
Partner shall not employ either the credit or the capital of the Limited -
Partnership for anything other than Limited Partnership purposes. The -
General Partner shall devote such of his time as he in his sole discretion •
deems necessary to the affairs of the Limited Partnerahip,buaiaess.
g. In connection therewith, the powers of the General
Partner include, but are not limited. to, the-power to:
1. Acquire the Real or- Personal Property, and acquire
any parcels desirable or necessary to the holding of the Real or Personal
- Property primarily for investment purposes; - -
- 2. Expend the capital and revenues of~the Limited
Partnership in furtherance of the Limited-Partnership's business;
3. Manage the Real Property by using his own skill
and ability or by entering into agreements with others containing such
terms, provisions and conditions as the General Partner shall approve;
4. Dispose of all or any portion of the Real or
l d an after-acquired parcels referred to above upon such
Personal Property an y
terms and conditions and for such consideration as the General Partner may
deem appropriate, and this power of disposition shall include the power to:
sell, lease, trade, exchange, and handle and negotiate condemnation Fonaiatent
with the purposes set forth in Section Four hereof; provided, however, -that
the-General Partner may not sell, lease, trade or exchange all or substantiall
all of the Real or Personal Property, without the written consent of the
Limited Paitners owning a majority of the total Units then owned. Said
written consent shall specify the terms, conditions, time and consideration
of any such sale, lease, trade or exchange.
_ - S. Borrow money from banks, other lending institutions
~ te"a" and in
~ncumY-aT~ww and other lenders"for any purpose of the Limited PartnerPhip
eats s. F.eea+ New.
°!'w'~`~~ connection therewith to issue notes, debentures and other debt securities
and to hypothecate the assets of the Limited Partnership to secure
BooK~ ~a~1556
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