-309-
Partner Partnership Int. Capital Contrib.
Atlay Partnership 29 percent $290
Bea Ritch Trusts 49 percent 490
James Children’s Trust 5 percent 50
Lawrence Children’s Trust 5 percent 50
Lee Children’s Trust 5 percent 50
Richard Children’s Trust 5 percent 50
Kanter 1 percent 10
Weisgal 1 percent 10
In 1984, Cypress Lane Investment (a general partnership
comprised of 30 irrevocable trusts for the benefit of Weisgal’s
family) replaced Atlay Partnership as a 29-percent partner in
Century Industries.
Century Industries had no office or employees of its own and
operated out of Weisgal’s accounting firm offices. After 1981,
its partners did not make additional capital contributions until
sometime in 1986. During 1986 and 1987, its partners made the
following additional capital contributions:
1986 Capital 1987 Capital
Partner Contrib. Contrib.
Bea Ritch Trusts $29,900 490
Cypress Lane Inv. 17,900 31,900
James Children’s Trust 3,000 5,500
Lawrence Children’s Trust 3,000 5,500
Lee Children’s Trust 3,000 5,500
Richard Children’s Trust 3,000 5,500
Kanter 6,100 3,600
Weisgal Revocable Trust 6,100 3,600
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