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Complete Home and Office Legal Guide (Chestnut) (1993).ISO
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8132.sam
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1993-08-01
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ADDENDUM TO LIMITED PARTNERSHIP AGREEMENT OF Yosemite Lumber
The undersigned consisting of all of the general and limited
partners of Yosemite Lumber, a limited partnership agree:
That the general partners of Yosemite Lumber shall maintain a
reserve account with a minimum balance of $ 4000 ( four thousand &
no/100 dollars) from initial capital which shall be placed in a
separate, interest bearing account.
That the general partners of Yosemite Lumber, once the partnership
begins operations shall establish a reserve account, which shall
be deposited in a separate, interest bearing account. All profits
from operations shall be deposited in this account until it
reaches the sum of $ 20000 ( twenty thousand & no/100 dollars).
The reserves shall accumulate and may only be invaded by the
general partner upon the following occurrences:
capital falls below $20,000 cash
and may only be used for the following purposes:
payroll, past due accounts payable.
Dated: ____________________________
General Partners:
Limited Partners: