Exhibit 3.69
AMENDMENT NO.2
TO
AGREEMENT OF LIMITED PARTNERSHIP
OF
TXI OPERATIONS, LP
THIS AMENDMENT NO. 2 TO AGREEMENT OF PARTNERSHIP OF TXI OPERATIONS, LP
(the "Amendment"), effective the 1st day of May, 2001 by and between TXI
OPERATING TRUST, a Delaware business trust (the "General Partner") and TEXAS
INDUSTRIES TRUST, a Delaware business trust (the "Limited Partner").
RECITALS:
WHEREAS, TXI Texas, Inc., a Delaware corporation now known as TXI
Corp.("TXI Texas"), and Texas Industries, Inc., a Delaware corporation ("TXI
Inc."), entered into that certain Agreement of Limited Partnership of TXI
Operations, LP dated April 24, 1996 (together with all subsequent amendments,
modifications and additions thereto, the "Partnership Agreement"), whereby TXI
Texas, as the sole general partner, and TXI Inc., as the sole limited partner,
agreed to form and operate a Delaware limited partnership named TXI Operations,
LP (the "Partnership") in accordance with the terms set forth in the Partnership
Agreement; and
WHEREAS, as acknowledged in Amendment No. 1 to Agreement of Limited
Partnership, effective June 1, 1996, the General Partner became the sole general
partner of the Partnership and the Limited Partner became the sole limited
partner of the Partnership; and
WHEREAS, the General Partner and the Limited Partner desire to amend
certain provisions of the aforementioned Partnership Agreement regarding the
operation of the Partnership and their interests in the Partnership.
WITNESSETH:
NOW THEREFORE, premises considered and in consideration of the mutual
promises and covenants of the parties hereto, the sufficiency of which is hereby
mutually acknowledged, the parties agree as follows:
1. Capitalized terms. Unless otherwise defined in this Amendment, capitalized
terms herein shall have the meaning set forth in the Partnership Agreement.
2. Section 7.2.1 of the Partnership Agreement is hereby amended and Section
7.2.4 is hereby added to permit a Partner to sell, transfer, pledge or
encumber all or a portion of its Partnership Interest for the purpose of
obtaining or maintaining credit or other financing for the benefit, in
whole or in part, of the Partnership.
Therefore, Sections 7.2.1 and 7.2.4 of said Partnership Agreement, as
amended or added, shall provide, in their entirety as follows:
"7.2.1 Except as set forth in Section 7.2.2, 7.2.3 or 7.2.4, no
Partner shall sell, assign, pledge, mortgage, or otherwise
dispose of or Transfer, in whole or in part, its Partnership
interest or its share of the Partnership's capital, assets or
property or enter into any agreement, the result of which would
be for another Person to become directly or indirectly interested
in the Partnership.
1
7.2.2 [Remains Unchanged].
7.2.3 [Remains Unchanged].
"7.2.4 Upon the written consent of all Partners, any Partner may sell,
assign, pledge, mortgage or otherwise dispose of or Transfer, in
whole or in part, its Partnership Interest or its share in the
Partnership's capital, assets or property."
3. Except as amended hereby, all terms and conditions of the Partnership
Agreement shall remain the same, unchanged, and in effect.
IN WITNESS WHEREOF, this Amendment No. 2 to Agreement of Partnership
of TXI Operations, LP is executed effective the 1st day of May, 2001.
GENERAL PARTNER:
TXI OPERATING TRUST
By: Xxxxxxx X. Xxxxxx
---------------------------------
Xxxxxxx X. Xxxxxx
Managing Trustee
LIMITED PARTNER:
TEXAS INDUSTRIES TRUST
By: Xxxxxxx X. Xxxxxx
---------------------------------
Xxxxxxx X. Xxxxxx
Managing Trustee
2
