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79002204
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Last modified
1/12/2010 10:01:32 PM
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1/12/2010 10:01:26 PM
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DEEDS
Inst Number
79002204
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~. <br />79-- ~ ~'a ~1:l~ <br />insol:ren,y er zer°oval of the General Partner, elect a new General Partner and <br />continue the Partnership. <br />XI`s. The Limited Partners have no right to deLand and receive property <br />other than cash ir_ return for their capital contribution. <br />XV. Each Limited Partner by their execution hereof, irrevocably consti- <br />tutes and appoints the General Partner as his true and lawful attorney-in-fact <br />with full power and authority in his name, place, and stead, to execute, <br />ackrcwledge, deliver, swear to, file, and record at the appropriate public <br />offices such documents as may be necessary or appropriate to carry out the <br />provisions of the Agreement and this Certificate, `n:.ludirg but not limited to: <br />(i) all certificates and other instruments, and any amendments thereto, which <br />the General Partner deems appropriate to form, qualify or continue the Partner- <br />ship as a limited partnership in the jurisdiction in which the Partnership may <br />conduct business or in which such fozmatian, qualification ar continuation is, <br />in the opinion of the General Partner, necessary to protect the limited liabil- <br />ity of the Limited Partners; (ii) all amendments to the Agreement and this <br />Cer`ificate approved in accordance with the terms of the Agreement and all <br />instzumer.ts which the General Partner deems appropriate to reflect a change or <br />modification of the Partnership in accordance with the terms of the Agreement; <br />and (iii} alI conveyances and other instruments which the General Partner deems <br />appropriate to reflect ttie dissolution and termination of the Partnership. The <br />appointment by the Limited_Partners of tt~e General Partner as attorney-in-fact <br />shall be deemed to be a power coupled with an interest, in recognition of the <br />fact that each of the Limited Partners under the Agreement and this Certificate <br />will be relying upon the power of .*.he General Partner to act as contemplca ed by <br />the Agreement and this Certificat: it any fili.ag and other action by them on <br />behalf of the Partnership. Such appointment shall survive the bankruptc}', <br />d+~:th, incompetence or dissolution of any person hereby giving such power and <br />tLe trar.sfcr or assignment of all or any part of. the interest in this Limited <br />P:~rtnership owr d b~ such person. In the event of the transfer by a Limited <br />Partner of his '.nte_est in this Limited Partnership, however, the faregoiag <br />power of attorney of a transferor Limited ?artner shall survive such transfer <br />only until such time as the transferee shall have been admitted to the Paztnez- <br />ship as a Substituted Limited Partner and all required documents aad instru:ents <br />shall have been dyly executed, filed and recorded to effecC such substitution. <br />The undersigned agree that this Certificate may be executed and sworn iri <br />multiple counterparts each of said counterparts constituting an original and <br />all together one cart:Yicate. <br />IN WITNESS WHEREOF, this Certificate has been duly executed by the parties <br />hereto on the date set forth below the signature of each such party. <br />GENERAL PARTNER: <br />~- <br />( - <br />L <br />JO F. SidEENEY - General Partner <br />~- z-~ ~ <br />Date executed: <br />-3- <br />l_._. <br />
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