THIRD AMENDMENT TO AMENDED AND RESTATED AGREEMENT AND CERTIFICATE OF LIMITED PARTNERSHIP OF ARKANSAS CITY APARTMENTS, LIMITED PARTNERSHIPReal Estate Associates LTD Vii • March 30th, 2012 • Real estate
This Third Amendment to Amended and Restated Agreement and Certificate of Limited Partnership of ARKANSAS CITY APARTMENTS, LIMITED PARTNERSHIP (this “Amendment”), is dated for reference purposes only January 1st, 2012, by and between DAVID B. GIBSON III, an individual (the “Operating General Partner”), and O.L. PURYEAR AND SONS CONSTRUCTION CO., INC., an Arkansas corporation (“OLP”, together with the Operating General Partner, collectively, the “General Partner”); REAL ESTATE ASSOCICATES LIMITED VII, a California limited partnership (the “Withdrawing Limited Partner”); and SOUTHLAND PROPERTIES, INC., an Arkansas corporation (the “Incoming Limited Partner” and together with the General Partner and the Withdrawing Limited Partner, each a “Party” and any two or more, as the context requires, collectively, the “Parties”), with reference to the following:
