Form Il-00llc-1 - Llc Operating Agreement Page 3
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21(b) in connection with the Property, to buy, take, lease, borrow, purchase or
otherwise acquire, and to own, use, hold, sell, convey, exchange, improve,
develop, lease, manage, dispose of, pledge or mortgage real or personal property,
or any interests therein or any services associated therewith;
(c) to form, invest in and hold stock or interests in corporations, partnerships or
other entities through which the LLC elects to carry on its business;
(d) to obtain financing and refinancing to accomplish the foregoing purposes; and
(e) to do any and all other things necessary, desirable or incidental to the foregoing
purposes. The LLC may sell or otherwise dispose of all or substantially all of its
assets, subject to any restrictions set out in this Agreement, and any such sale or
disposition shall be considered to be within the scope of the LLC's business.
(f) Other: _______________________________________________________
_____________________________________________________________
_____________________________________________________________
4.
Registered Office and Registered Agent. The registered office and place of
business of the LLC shall be ___________________________________________________
______________________________________ and the registered agent at such office shall
be __________________________________________________________________. The
Members may change the registered office and/or registered agent from time to time.
5.
Duration. The LLC will commence business as of the date the Members
contribute their capital investment in the LLC and will continue in perpetuity.
6.
Fiscal Year. The LLC's fiscal and tax year shall end December 31.
ARTICLE II
MEMBERS
7.
Initial Members. The initial members of the LLC, their initial capital
contributions, and their percentage interest in the LLC are:
Initial
Percentage Interest
Capital
Members
in LLC
Contribution
________________________
_________________
___________________
________________________
_________________
___________________
________________________
_________________
___________________
________________________
_________________
___________________
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Parent category: Business