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least quarterly, unless otherwise agreed between the partners.
Each partner shall devote such time and attention as is
required for accomplishment of the partnership purposes. Each of
the persons comprising the partnership shall be entitled to such
vacation as may be agreed upon.
The partnership shall maintain checking or other accounts
in such bank or banks as the partners shall agree upon. With-
drawal shall be on the signature of any one of the four persons
and each is authorized to act for the partnership, although the
partners agree to keep one another reasonably and fully advised
of their actions.
All books, records and accounts of the partnership shall
be maintained at the office of the partnership and shall be
open to inspe.ction at all times by all partners. For the pur-
poses of partnership accounting and for income tax reporting
the partnership fiscal year shall end on the 31st day of December
each year. At the end of each month, the books shall be balanced
' and an operating statement prepared and made available to each
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E partner posting the results of operations during the previous
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month. The books may be audited at the end of Each fiscal year
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~ and statements prepared and supplied to all partners showing the
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~ results of_ operations, ~
e The partners shall share equally in profits and losses. i
As soon as practical after financial statements for each quarter ~
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= o~ the fiscal year are approved by all partners, the profits shall ;
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be paid to the partners, providing there are funds available in j
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excess of the working capital requirements. ~
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Any partner shall have the right to retire from the
partnership at the end of any accounting year and the remaining
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LAW OFFICES
WILLES, BITTAN ~ WILLES ~ t~K
P. O. BOX 809 a~~ 401 P~~ ~o
FORT PIERGL, FLORIDA ~~480