River City Ranches #1 Ltd., Leon Shepard, Tax Matters Partner - Page 10

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               The Certificate and Articles of Limited Partnership of River           
          City Ranches Ltd. (RCR #1) states that the partnership was formed           
          in 1981 as a limited partnership under and pursuant to the laws             
          of the State of California.  Jay Hoyt was designated the general            
          partner, and the individual investors were collectively                     
          designated the limited partners.                                            
               The Certificate and Articles of Limited Partnership of River           
          City Ranches #2 Ltd. (RCR #2) states that the partnership was               
          formed in 1982 as a limited partnership under and pursuant to the           
          laws of the State of California.  Jay Hoyt was designated the               
          general partner, and the individual investors were collectively             
          designated the limited partners.                                            
               The Certificate of Limited Partnership of River City Ranches           
          #3 Ltd. (RCR #3) states that the partnership was formed in 1983             
          as a limited partnership prepared and recorded under section                
          15502 of the California Corporations Code, Uniform Limited                  
          Partnership Act.  Jay Hoyt was designated the general partner,              
          and the individual investors were collectively designated the               
          limited partners.                                                           
               The Certificate and Articles of Limited Partnership of River           
          City Ranches #4 Ltd. (RCR #4) states that the partnership was               
          formed in 1984 as a limited partnership under and pursuant to the           
          laws of the State of California.  Jay Hoyt was designated the               








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Last modified: May 25, 2011