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420B.BLD
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1993-03-21
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#6700
@001 Enter the name of the association:
@990 Enter the state where association is formed:
@991 Enter the county where association is formed:
@002 Enter the names of the associates:
@132 Enter the address of principal office of the association:
@133 Enter the date of beginning operation:
@135 Enter the resources dedicated by each party:
#6702
!400 Enter maximum dollar authority of members:
#end control section
#6700
/* Para. 6700: general partnership, longer form */
ASSOCIATION AGREEMENT OF THE
@001 ASSOCIATION
STATE OF @990)
COUNTY OF @991)
@002, herewith agree to engage in operating a computer
telecommunications service (also known as a computer bulletin
board) as a not for profit association, hereby form an
association.
The name of the association shall be the @001 association. The
principal office of the association will be located at:
@132
and no rental shall be charged for occupation of the premises.
Additional or substitute offices may be agreed upon from time
to time by the parties.
The association's existence shall commence on @133 and it shall
continue until dissolved either by mutual agreement or by
operation of law.
The associates will contribute as follows:
@135
No associate shall have the right to demand repayment of their
capital contribution unless the same is through a dissolution of
the partnership and a winding up of its affairs.
Decisions by the association shall be made by majority vote.
Books of account of the transactions of the association shall be
kept at the principal place of business of the partnership. The
books of account of the association shall be available for
inspection by all times by the partners. Each associate shall be
required to report all transactions related to associate business
promptly and accurately.
Each @437 the associates shall determine the net operating
results of the association. The associates may by majority vote,
agree to distribute any surplus to any charitable organization.
Each associate shall have the right to manage the affairs of the
association in the ordinary course of the partnership's business.
However, no association shall have the authority to:
a) confess judgment against the association;
b) convey substantially all of the partnership assets
without prior approval by majority vote.
This association shall terminate upon the death, bankruptcy or
incompetency of any associate. Thereupon the remaining associates
shall act as trustees for the association and shall promptly wind
up the affairs of the association unless the remaining partners
agree that they will continue the association. No associate shall
personally profit from the operations of the association.
Dated: _____________________________, 19______
__________________________________________________
@002
Witnesses:
__________________________________________________
__________________________________________________