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(6) Make, execute or deliver in the name of
the Partnership any bond, trust deed, mortgage, indemnity
bond, guaranty, surety bond, or accommodation paper or
accommodation endorsement;
(7~) Borrow money in the name of the Partnership
or use as collateral any Partnership property;
(8) Assign, pledge, transfer, release or
compromise any~debt owing to, or claim of, the Partnership
except for full payment thereof;
(9) Convey or contract to convey any real
property of the Partnership;
(10) Pledge, assign, mortgage, or transfer in
any manner, his individual interest in the Partnership or
his share of the assets or profits of the Partnership or any
part of such share or draw, accept, or endorse any bill of
II exchange or promissory note on account of .the Partnership;
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(11) Undertake or complete any act for which
unanimity is required under any other provision under
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this Agreement; or -
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i (12) Enter into any bond or become bail
f endorser or surety for any person or knowingly cause or
suffer to be done anything whereby the Partnership property
may be seized, attached or taken on execution.
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' 3. Subject to the limitations summarized herein,
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each Partner has the power and authority to bind the Partnership
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in making contracts, purchasing goods and otherwise in trading,
buying, selling or managing on behalf of the Partnership up
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~ to an amount or other consideration having a value of $250.00.
4. No Partner may sell, assign, transfer, encumber,
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pledge, mortgage, collaterize or otherwise dispose of any
interest in the Partnership, Partnership property or assets
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of the Partnership without prior written consent of all other
Partners.
5. Upon the death, withdrawal, retirement, expulsion,.
' disability or bankruptcy of any Partner, the remaining Partners
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~ have the first right to purchase the Partnership interest of
such Partner.
- BCOK JJ ~ PAGE ~t e~c
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