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ments acquired by the Partnership containing such terms,
provisions and conditions as it shall approve; 4
(D) To enter into and execute (1) agreements end
any and all documents and instruments customarily employed
in the citrus industry in connection with the operation and
sale of Partnership Property, as well as personal or mixed
property connected therewith; and (2) all other instruments
deemed by them to be necessary or appropriate to the proper
operation and sale of such properties and investments or in
order to perform effectively and properly their duties or
exercise their powers hereunder;
(E) To invest Partnership Assets in U.S. Govern-
ment securities, securities issued or guaranteed by U.S.
government agencies, securities issued or guaranteed by
states or municipalities, prime commercial paper, certifi-
Cates of deposit, cash reserve funds of national brokerage
houses, and time or demand deposits in commercial banks,
bankers' acceptances, or savings and loan association deposits;
~ (F) To obtain replacements of any mortgage or
~ mortgages related in any way to Partnership Property, and to
! repay in whole or in part, refinance, recast, modify, con-
solidate or extend any mortgages affecting any such property;
! (G) To enter into agreements and contracts with
parties and to give receipts, releases and discharges, with
respect to all of the foregoing and any matters incident-
thereto as they may deem advisable or appropriate;
(H) To maintain, at the expense of the Partner-
ship, adequate records and accounts of all operations and
expenditures and furnish the Limited Partners with annual
statements of accounts as of the end of each Partnership
~ Accounting Year, together with tax reporting information;
(I) To purchase from or through others policies
of liability, casualty and other insurance which the Managing
a General Partner deems advisable, appropriate or convenient
for the protection of any Partnership Assets or affairs of
the Partnership or for any purpose convenient or beneficial
to the Partnership;
(J) To make such elections under the tax laws of
the United States, the several states and other relevant
jurisdictions with regard to the treatment of items of
-12 - sooK 322 PacE 53fi