IN ANY MATTER REGARDING SUCH TRUST; AND TO EXECUTE
ASSIGNMENTS OF ALL OR ANY PART OF THE BENEFICIAL INTEREST IN SUCH LAND TRUST;
(C)
TO EMPLOY, ENGAGE OR CONTRACT WITH OR DISMISS FROM EMPLOYMENT OR
ENGAGEMENT PERSONS TO THE EXTENT DEEMED NECESSARY BY THE GENERAL PARTNER FOR THE
OPERATION AND MANAGEMENT OF THE PARTNERSHIP BUSINESS, INCLUDING BUT NOT LIMITED
TO, EMPLOYEES, CONTRACTORS, SUBCONTRACTORS, ENGINEERS, ARCHITECTS, SURVEYORS,
MECHANICS, CONSULTANTS, ACCOUNTANTS, ATTORNEYS, INSURANCE BROKERS, REAL ESTATE
BROKERS AND OTHERS;
(D)
TO ENTER INTO CONTRACTS ON BEHALF OF THE PARTNERSHIP;
(E)
TO BORROW OR LEND MONEY, PROCURE LOANS AND ADVANCES FROM ANY
PERSON FOR PARTNERSHIP PURPOSES, AND TO APPLY FOR AND SECURE FROM ANY PERSON
CREDIT OR ACCOMMODATIONS; TO CONTRACT LIABILITIES AND OBLIGATIONS, DIRECT OR
CONTINGENT AND OF EVERY KIND AND NATURE WITH OR WITHOUT SECURITY; AND TO REPAY,
DISCHARGE, SETTLE, ADJUST, COMPROMISE OR LIQUIDATE ANY SUCH LOAN, ADVANCE,
CREDIT, OBLIGATION OR LIABILITY (INCLUDING BY DEEDING PROPERTY TO A LENDER IN
LIEU OF FORECLOSURE);
(F)
TO PLEDGE, HYPOTHECATE, MORTGAGE, ASSIGN, DEPOSIT, DELIVER, ENTER
INTO SALE AND LEASEBACK ARRANGEMENTS OR OTHERWISE GIVE AS SECURITY OR AS
ADDITIONAL OR SUBSTITUTE SECURITY OR FOR SALE OR OTHER DISPOSITION ANY AND ALL
PARTNERSHIP PROPERTY, TANGIBLE OR INTANGIBLE, INCLUDING, BUT NOT LIMITED TO,
REAL ESTATE AND BENEFICIAL INTERESTS IN LAND TRUSTS, AND TO MAKE SUBSTITUTIONS
THEREOF, AND TO RECEIVE ANY PROCEEDS THEREOF UPON THE RELEASE OR SURRENDER
THEREOF; TO SIGN, EXECUTE AND DELIVER ANY AND ALL ASSIGNMENTS, DEEDS AND OTHER
CONTRACTS AND INSTRUMENTS IN WRITING; TO AUTHORIZE, GIVE, MAKE, PROCURE, ACCEPT
AND RECEIVE MONEYS, PAYMENTS, PROPERTY, NOTICES, DEMANDS, VOUCHERS, RECEIPTS,
RELEASES, COMPROMISES AND ADJUSTMENTS; TO WAIVE NOTICES, DEMANDS, PROTESTS AND
AUTHORIZE AND EXECUTE WAIVERS OF EVERY KIND AND NATURE; TO ENTER INTO, MAKE,
EXECUTE, DELIVER AND RECEIVE WRITTEN AGREEMENTS, UNDERTAKINGS AND INSTRUMENTS OF
EVERY KIND AND NATURE; TO GIVE ORAL INSTRUCTIONS AND MAKE ORAL AGREEMENTS; AND
GENERALLY TO DO ANY AND ALL OTHER ACTS AND THINGS INCIDENTAL TO ANY OF THE
32
FOREGOING OR WITH REFERENCE TO ANY DEALINGS OR TRANSACTIONS WHICH ANY ATTORNEY
FOR THE PARTNERSHIP MAY DEEM NECESSARY, PROPER OR ADVISABLE;
(G)
TO ACQUIRE AND ENTER INTO ANY CONTRACT OF INSURANCE WHICH THE
GENERAL PARTNER DEEMS NECESSARY OR APPROPRIATE FOR THE PROTECTION OF THE
PARTNERSHIP OR ANY AFFILIATE THEREOF, FOR THE CONSERVATION OF THE PARTNERSHIP'S
ASSETS (OR THE ASSETS OF ANY AFFILIATE THEREOF) OR FOR ANY PURPOSE CONVENIENT OR
BENEFICIAL TO THE PARTNERSHIP OR ANY AFFILIATE THEREOF;
(H)
TO CONDUCT ANY AND ALL BANKING TRANSACTIONS ON BEHALF OF THE
PARTNERSHIP; TO ADJUST AND SETTLE CHECKING, SAVINGS AND OTHER ACCOUNTS WITH SUCH
INSTITUTIONS AS THE GENERAL PARTNER SHALL DEEM APPROPRIATE; TO DRAW, SIGN,
EXECUTE, ACCEPT, ENDORSE, GUARANTEE, DELIVER, RECEIVE AND PAY ANY CHECKS,
DRAFTS, BILLS OF EXCHANGE, ACCEPTANCES, NOTES, OBLIGATIONS, UNDERTAKINGS AND
OTHER INSTRUMENTS FOR OR RELATING TO THE PAYMENT OF MONEY IN, INTO OR FROM ANY
ACCOUNT IN THE PARTNERSHIP'S NAME; TO EXECUTE, PROCURE, CONSENT TO AND AUTHORIZE
EXTENSIONS AND RENEWALS OF THE SAME; TO MAKE DEPOSITS AND WITHDRAW THE SAME AND
TO NEGOTIATE OR