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decisions by the General Partners, vote by a
majority of them shall be determinative.
11.1.b Except as expressly provided herein,
the authority of the General Partners to
manage the business of the Partnership shall
be exercised only by the General Partners.
11.1.c No Limited Partner (except one who
may also be a General Partner, and then only
in his capacity as General Partner is within
the scope of his authority hereunder) shall
participate in or have any control over the
Partnership business or shall have any
authority or right to act for or bind the
Partnership. * * *
* * * * * * *
11.1.e The General Partners shall have the
right and authority, without the requirement
of obtaining the approval or consent of the
Limited Partners, to admit an additional Co-
General Partner to the Partnership, providing
the existing General Partners remain the
Managing General Partners and do not
relinquish any of their duties,
responsibilities, obligations or liabilities
incurred in connection with this Agreement.
11.2 “Authority of the General Partners.”
11.2.a Except to the extent otherwise
provided herein, the General Partners (or
their designated agent) for, and in the name
and on behalf of the Partnership, are hereby
authorized:
* * * * * * *
(11) to engage in any kind of activity and
to perform and carry out contracts of any
kind necessary to, or in connection with, or
incidental to the accomplishment of the
purposes of the Partnership, as may be
lawfully carried on or performed by a
partnership under the laws of each state in
which the partnership is then formed or
qualified.
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Last modified: May 25, 2011