HomeMy WebLinkAbout1565 _ t
- ~
- ~ - ~ ~
pursuant to and in accordance with the rules of procedure of the Merican
' Aribitration Association, and that such arbitration shall. occur within St.
Lucie County, Florida. - -
SECTION SBVBNTEEN: NISCELLANBOUS
A. This Agreement shall be construed in accordance with
the Laws of the State of Florida.
8. The General Partner shall file or cause to be filed
this Certificate of Limited Partnership with the Departaent of State of the
State of Florida and with the Clerk of the Circuit Court of St. Lucie County,
- _
F~lorida. -
- C. The Limited Partners agree to execute any and all legal
instruments that may be necessary or required for the purpose of the
- Limited Partnership; provided, however, that the Limited Partners shall.
_ not thereby subject themselves to any additional liability or financial
. responsibility; other than their Initial or Additional Capital Contributions.
D: All notices provided for_in this Agreement shall be
directed to the Members at the addressee herein set forth_or such other
addresses as may be designated by the Members and to the Limited Partnership
- at its principal office by Registered or Certified Nail, Return Receipt
- Requested.
E. The General Partner shall call a meeting of the Members
- -
i
on at least_ten (10) days notice to every member-whenever:
1. The General Partner considers such a meeting to be
necessary or desirable in the interests of the Limited Partnership, or
2. Such a meeting is requested by Limited Partners
' owning Units amounting to at lease a majority of the aggregate total Units
then owned.
F. No Limited Partner shall have the right to demand and
receive property other than cash in return for his contribution. No Limited
i over an other Limited Partner either as to
Partner shall have prior ty y -
his contribution to capital. or by way of income.. Anything in this Agreement
to the contrary notwithstanding, the General Partner shall not be personally
~ X10^ liable for the return of the capital contributions of -Limited Partners, or any -
~rro~r,~?tu?w .
am s, ferd r+w.
rk ~~ai~s2 portion thereof, it-being expressly understood that any such return shall e
made solely from Limited Partnership assets. No Member shall receive any
° R ~3 X1563
-10- bQ0[
. _ r
tie. _ ?,fi