Evening star., 1952-11-14

Keatins Wright. late of the District
Of Columbia, deceased. All persons
having claims AGAINST the deceasyd
ssr Same hereny tfh warned to exhibit Tho
legally, authenticated. to the sub,
SUBSCRIBER. on or before the sth day Of
April, A.D 1858: otherwise they
benefit Of said estate. Given under
Der; iess IF TAE ls RIeas Sss SATiosAE n neSsR;
SHHk MM' q Of WWA1ssaHINGToN' W1sHrSG2TT9oN ?; +: 6; 81
ODoRE CoGsWEIL Den,sfy asSs nssi. ss-
ter Of wills 10 rthe District ~
Columbia Clerk Of the Probate
court: t:----- no7.14.21
MYERS 4 BATZELL.
Shoreham Building.
CERTIFICATE OF PARTNERSHIP.
washington. District Of Of coIumbiss ns S,ts on on
by and between ROY E. GRAHAM
ot S9O6 Old Georeetown Road. Be-
saes1s snesas; MARYLAND therein known as
snS[f scGEhy patrfnsFS "a s4os ss35 R4BERT Sr.nIs E
Hyattsville. Maryland (herein known
as general partner). FRED c. OFT,
0I tH2O 10th Street. Northwest.
~asn,agson; genesaf ~ D. n,C G; therein known as
Associates iNcoRPoRATnEApS1A. iS A1TnASAM a
corporation organized and existing
unoer ana BY virtue OF the laws OF
the state OF MARYLAND, with offices in
D: G. therein known as special
AGREED, AS follows:
j. That the parties hereto shall aa
partners engage in the operation OF
, "a motor vehicle parking lot, or lots.
NJ hA
shall be III Street PARKING KgiSEsneESSao coMo
8. That the partnership shall begin
ON ON sovsmoer Sd3o z; lgS2' and shall end
parties hereto. but in no event shall
the partnership. unless legally ex-
sfter sefueo; ne or remain in existence
at1er Th. NoSember Z. 1882,
nartnersbin na tnH pisse sSss, Of business Of the
Shoreham Building. Washinston
D. e. and/o at such other place
or places as may to the partners be
oeemed appropriate for the conduct
OF partnership business.
D: (al That the capital of the part
nership shall be the sum Of One
Thousand Dollars (Sl ,O0O5, and each
party shall contribute. thereto in
sssc,;t,co essn; conStemperaneously Ssrnp with the
'oo No partys contribution to the
capital OF the partnership shall bear
interest in his favor.
o. Ihat the capital of the partner.
snip and all other moneys of, as we'll
sS an instruments for the payment
SSi S moneys moneys to. the partnership. shall
ne deposited in the name of part
nershlp in any bank Of good Standing
IN washington. D. c., and ali moneys
credited therein to the partnership
Snali be subject to withdrawal only
Dy cneck made in the name OF the
prttnersnlp psrtnp ana signed by . general
2; !D That no party shall, without
vne Wrltten consent OF all others, ad-
vance sSi any moneys to the partner
aforesaid contribution to the capitai
thereof; but any such advance that
shail be made by any party, with the
written consent OF the others. shall
@ pear interest at the rate Of six per
cent tbee) per annum.
w. Inat II any party shall, with the
consent OF the others. become in
Gebted to the partnership such in
oentedneSs shall bear interest at the
eFate OF SIX per cent $3.50 per annum.
counts Of the transactions OF the
partnership shall be kept in proper
pooks; and every party shall cause
70 pc entered in the said partnership
oTokS Iuli and accurate account Of
az his transactions in behalf of the
(bl That the books of the partnership
shall be kept at the places of busi-
ness OF the partnership. and every
party shall, at all times, have ac.
cess to. and may inspect and COPY.
any of them D''
y. That any party may during the
calendar year draw moneys from the
funds of the partnership for ether
tnan partnership use, when prior to
sucn withdrawa!, the amounts and
agreed upon in writing; providing,
however. that no such withdrawal
snail be made II the effect thereof is
70 reduce or eliminate directly or in
fbe ffbtectS snsc,s ane capital contributed By
~. That no party. shall, without the
written consent OF every other party,
make. execute, deliver, endorse or
guaranty any commercial paper, nor
agree to answer for, or Indemnity
against any act, debt, default or
miscarriaee of any person, partner
ship tother than that of the parties
nereto). association or corporation.
II. a) That, at the end of each call
ventory shall be prepared, and the
assets, liabilities and income. both
gross and net shall be ascertained,
and the net. profits or net loss OF
deeerminedl tet paiE5ssrsnip shall be fixed and
tbl The net profits or net loss shall
be COMPUTED on a cash. calendar
year basis. Subject to the provisions
q paragraph l tc). the net profits
determined after deducting the ag-
gregate Withdrawals, II any, made
by any party pursuant to paragraph
hereof or the net loss determined
without regard to such withdrawalsl
among each party according to the
ratio that the then existing capital
totaI capital interest Of all parties.
interest OF each party bears to the
&c. fsrnirtd In sde event. event Of net loss lde-
withdrawals, or in the event the
net profits determined without re-
gard to such Withdrawals are
inadequate to cover in full the az
any party pursuant to, PARAGRAPH 9
hereof. such Withdrawals will be con-
sioered withdrawal OF the ap-
propriate partys capital investment
and the capital interest of each Of
the parties hereto shall be adjusted
divided and distributed upon the
basis Of such adjustment; subject,
however. to the condition that the
party making such withdrawal may,
la, IN the event OF profits in the sue
1nstate his capital interest up to an
amount which will equal the then
existing capital interest of every
other party BY first applying to his
sary any net profit determined after
deducting Withdrawals which may
have been made by any party during
that calendar year, the remaining
net profit, if any, then to be dis-
ing to the ratio that the then ex-
listing capital interest Of each party
bears to the total capital interest Of
al parties.
IL hs t the Sy the s1D4.9on Of ., TIL: H.
term, or by reason Of any other
shall be prepared. and the assets,
liabilities and income, both gross
debts of the partnership shall be
DISCHARGED; and all moneys and other
assets OF the partnership then re-
naming shall be divided in specie
among the parties, unless otherwise
then, may exist pursuant to de-
termination made in accordance with
paragraph IL lb) hereof.
ID IaJ That II any disagreement
to the conduct of the partnership
business. or as to its dissolution. or
as to any other matter, cause or
thing whatsoever not herein other
wise provided for, the same shall be
determined by arbitrators and each
traitor. and both Of such arbitrators
shall appoint third arbitrator, and
the decision of two of such arbi-
traitors. when made in writing, shall
be conclusive upon the parties hereto.
(b) That the appointment OF the
arbitrators by the respective parties
hereto shall be made, as follows:
The party seeking arbitration here
under shall serve q notice in writing
upon the other party hereto, setting
forth the DISAGREEMENT or disagree
ments that he desires to be arbi-
trated. as well as the name of his
arbitrator; and, thereupon, the other
party hereto shall. within five 15)
days after the receipt of such notice.
serve upon the party seeking arbitra-
tion notice in writing stating the
name of his arbitrator.
(c) The failure Of party to appoint
an arbitrator shall authorize the
other party to make an appoint
ment for the one so in default.
I'D If the two arbitrators appointed
hereunder shall fail. within FIVE t5)
days after the second of the arbi.
traitors shall have been appointed,
to select a third arbitrator. then.
and in any such event, any judge
Of the District Court OF the United
he trtn 80 Gai