AGREEMENT OF LIMITED PARTNERSHIP OF SUSSER PETROLEUM COMPANY, LP
Exhibit 3.34
AGREEMENT OF LIMITED PARTNERSHIP
OF
SUSSER PETROLEUM COMPANY, LP
This Agreement of Limited Partnership of Susser Petroleum Company, LP (the “Agreement”), is entered into by and between Susser Management Company, as general partner (the “General Partner”), and SSP Partners, as the initial limited partner (the “Initial Limited Partner”) (together, the “Partners”).
The General Partner and the Initial Limited Partner hereby form a limited partnership pursuant to and in accordance with the Texas Revised Uniform Limited Partnership Act, as amended from time to time (the “Act”), and hereby agree as follows:
2. Purpose. The Partnership shall be the surviving entity in the merger (the “Merger”) of A.N. Xxxxxx Distributing Company, a Texas corporation (the “Company”) with and into the Partnership pursuant to the Agreement and Plan of Merger dated December 18, 1998 (the “Plan”) by and among Company, the shareholders of the Company signatory thereto and the Initial Limited Partner, which Merger is hereby authorized and which Plan shall be further adopted by resolution of the Partners.
The Partnership is formed for the object and purpose of, and the nature of the business to be conducted and promoted by the Partnership is, conducting any and all business incident to Merger, engaging in any lawful act or activity for which limited partnerships may be formed under the Act and engaging in any and all activities necessary or incidental to the foregoing.
3. Registered Office. The registered office of the Partnership in the State of Texas is 000 Xxx Xxxxxxx Xxxxxxx Xxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000.
4. Registered Agent. The name and address of the registered agent of the Partnership for service of process on the Partnership in the State of Texas is Xxx X. Xxxxxx, 000 Xxx Xxxxxxx Xxxxxxx Xxxx, Xxxxx 0000, Xxxxxxx, Xxxxx 00000.
General Partner: | Initial Limited Partner: | |
Susser Management Company 0000 Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxxxx, Xxxxx 00000 Attn: President |
SSP Partners 0000 Xxxxxxx Xxxxxxxxx Xxxxxx Xxxxxxx, Xxxxx 00000 Attn: President |
6. Powers. The powers of the General Partner include all powers, statutory and otherwise, possessed by general partners under the laws of the State of Texas. In this connection, the General Partner shall have the authority, without the consent of the Limited Partner, to incur or guarantee indebtedness and to pledge and grant security interests in the assets of the Partnership. Further, any officer of the General Partner is authorized, without incurring any personal liability, to sign as an officer of the Partnership which will have the same effect as executing on behalf of the General Partner of the Partnership.
General Partner: |
$ | 10.00 | |
Initial Limited Partner: |
$ | 990.00 |
9. Additional Contributions. No partner of the Partnership is required to make any additional capital contribution to the Partnership.
(a) The Initial Limited Partner may assign all or any part of its partnership interest in the Partnership and may withdraw from the Partnership only with the consent of the General Partner. Upon any such withdrawal, the Initial Limited Partner shall receive a return of its initial capital contributions.
(b) The General Partner may assign all or any part of its partnership interest in the Partnership and may withdraw from the Partnership without the consent of the Initial Limited Partner.
2
14. Admission of Additional or Substitute Partners.
(a) One (1) or more additional or substitute limited partners of the Partnership may be admitted to the Partnership only with the consent of the General Partner, which consent is within the sole discretion of the General Partner.
(b) One (1) or more additional or substitute general partners of the Partnership may be admitted to the Partnership only with the consent of all the Partners.
16. Governing Law. This Agreement shall be governed by, and construed under, the laws of the State of Texas, all rights and remedies being governed by said laws.
GENERAL PARTNER: | ||
SUSSER MANAGEMENT COMPANY | ||
By: | /s/ Xxx X. Xxxxxx | |
Name: | Xxx X. Xxxxxx | |
Title: | President |
INITIAL LIMITED PARTNER: | ||
SSP PARTNERS | ||
By: | /s/ Xxx X. Xxxxxx | |
Name: | Xxx X. Xxxxxx | |
Title: | President |
3