HomeMy WebLinkAbout1184.~
or any portion thereof, to or for the benefit of his spouse or
issue, adopted or otherwise, either outright or in trust, and
further providing that any such assignee shall be bound by the
terms of this agreement insofar as it is applicable with the terms
and objects of any such assignment; provided, that in the event
ZANKL shall so convey his interest and if he shall not personally
retain control thereof (whether as trustee or otherwise) or ZANKL
shall not retain any portion (legal or equitable) of his original
partnership interest, then TOMECEK and the assignee of ZANKL's
partnership interest shall exercise the powers of the Controlling
Partner by their mutual decision and action; provided, further, that
in the event ~'OMECEK shall so convey his interest and if he shall
not personally retain control-thereof (whether as trustee or otherwise)
or TOMECEK shall not retain any portion (legal or equitable) of his
original partnership interest, then ZANKL shall alone exercise such
powers hereunder as shall be otherwise committed to the joint decision
of ZANKL and TOMECEK. ~
XIII
ADMISSION OF NEW PARTNERS
New Partners may be admitted to the Partnership only-with
the written unanimous consent of ZANKL and TOMECEK. In the event
new Partners are added, the sums of money to be contributed~by the
new Partner(s) shall be distributed in accordance with the written
unanimous consent of ZANKL and TOMEC~K. The share of each new
Partner in the profits and losses of the business shall be in pro-
portion as shall be unanimously agreed upon in writing by ZANKI.
and TOMECEK.
XIV
BANKING
All funds of the Partnership shall be deposited in its name,
in such checking account or acconnts as shall be agreed upon by
ZANKL and TOMECEK. All withdrawals therefrom are to be made pursuant
to the Banking Resolutions filed by the Partnership and signed by
ZANKL and TOMECEK.
- 6 - RooK34~ P~cEi181
-- ~: ___~.~.~ ~