Exhibit (d)(ii)
AMENDMENT TO
AGREEMENT OF LIMITED PARTNERSHIP
OF
FIRST WILKOW VENTURE
This Agreement made at Chicago, Illinois as of the 10th day of September,
1974 by and between XXXXXX XXXXXX, residing at 0000 Xxxxx Xxxx Xxxxx Xxxxx,
Xxxxxxx, Xxxxxxxx; XXXXXX XXXXXX, residing at 0000 Xxxxx Xxxxxxxx Xxxx, Xxxxxxx,
Xxxxxxxx; and XXXXXXX X. XXXXXX, residing at 00 Xxxx Xxxxxxxx Xxxxxx, Xxxxxxx,
Xxxxxxxx (the "General Partners") and all Limited Partners of FIRST WILKOW
VENTURE, an Illinois Limited Partnership.
WITNESSETH:
THAT WHEREAS, an Agreement of Limited Partnership of First Wilkow Venture
(the "Agreement of Limited Partnership"), a copy of which is attached hereto and
by reference made an integral part hereof, was executed by the General and
Limited Partners of said Partnership on December 8, 1972; and
WHEREAS, on September 10, 1974, the Partners of First Wilkow approved
certain amendments to the Agreement of Limited Partnership.
NOW, THEREFORE, by reason of the foregoing, the Agreement of Limited
Partnership is hereby amended to read as follows:
1. Article IV, Section 4.1 of the Agreement of Limited Partnership is
hereby amended to read as follows:
Section 4.1. The purpose of the Partnership is to acquire the total
interest in twenty-one Terminating Partnerships, to acquire and manage
additional real estate or any interest therein, to carry on the business
and management of subsequently acquired real estate and interests therein,
and to sell or otherwise dispose of real estate or interest therein owned
by the Partnership. By such acquisitions the Partnership will acquire legal
title, or such interest as is now
possessed by the Terminating Partnerships in and to all the properties now
held by them, as well as any additional properties subsequently acquired by
the Partnership. The names and descriptions of Terminating Partnerships and
their Properties are set forth in a schedule captioned "Description and
Valuation of Terminating Partnerships," a copy of which is annexed hereto
as Exhibit I. The General Partners have determined that the present value
of the Units in the Terminating Partnerships for ex-change purposes is as
set forth in Exhibit I.
2. Article X, Section 10.3(c) of the Agreement of Limited Partnership
is hereby amended to read in its entirety as follows:
(c) To the extent that the General Partners deem it necessary and in
the best interest of the Partnership, funds obtained from the sale of
partnership property or interests may be retained for the purpose of other
partnership property or interests, each Partner's Capital share therein
remaining unchanged from that established in accordance with the provisions
of Article VIII hereof.
3. Article XV, Section 15.7 of the Agreement of Limited Partnership is
hereby deleted in its entirety.
4. Except as expressly amended herein, the Agreement of Limited
Partnership shall be and remain in full force and effect.
IN WITNESS HEREOF, the parties hereto have executed this Agreement the day
and year first above written.
GENERAL PARTNERS
/s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
/s/ Xxxxxx Xxxxxx
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Xxxxxx Xxxxxx
/s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx
LIMITED PARTNERS
/s/ Xxxxxxx X. Xxxxxx
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Xxxxxxx X. Xxxxxx,
attorney-in-fact for all
Limited Partners
