SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10Q/A
AMENDMENT NO. 1
Filed pursuant to Section 12, 13, or 15(d) of the
Securities Exchange Act of 1934
JMB INCOME PROPERTIES, LTD. - IX
-----------------------------------------------------
(Exact name of registrant as specified in its charter)
IRS Employer Identification
Commission File No. 0-12432 No. 36-3126228
The undersigned registrant hereby amends the following sections of its
Report for the quarter ended September 30, 1996 on Form 10-Q as set forth
in the pages attached hereto:
Item 6. Exhibits and Reports on Form 8-K. Page 14
(and exhibits thereto)
Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on its behalf by
the undersigned, thereunto duly authorized.
JMB INCOME PROPERTIES, LTD.-IX
By: JMB Realty Corporation
(Managing General Partner)
By: GAILEN J. HULL
Gailen J. Hull, Senior Vice President
and Principal Accounting Officer
Dated: November 25, 1996
PART II. OTHER INFORMATION
ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K
(a) Exhibits
3-A. The Prospectus of the Partnership dated April 14, 1982,
as supplemented September 23, 1982, January 11, 1983,
February 22, 1983, and March 28, 1983, and filed with the Commission
pursuant to Rules 424(b) and 424(c), is hereby incorporated herein by
reference to Exhibit 3 to the Partnership's report on Form 10-K (File No.
0-12432) for December 31, 1992 dated March 19, 1993.
3-B. Amended and Restated Agreement of Limited Partnership
set forth as Exhibit A to the Prospectus, which is hereby incorporated
herein by reference to Exhibit 3 to the Partnership's report on Form 10-K
(File No. 0-12432) for December 31, 1992 dated March 19, 1993.
3-C. Acknowledgement of rights and duties of the General
Partners of the Partnership between ABPP Associates, L.P. (a successor
Associated General Partner of the Partnership) and JMB Realty Corporation
as of December 31, 1995 is filed herewith.
4-A. Modification documents relating to the long-term
mortgage note secured by the Blanchard Plaza Building in Seattle,
Washington are hereby incorporated by reference to the Partnership's report
on Form 10-K (File No. 0-12432) for December 31, 1992 dated March 19, 1993.
4-B. Modification documents relating to the extension of the
long-term mortgage note secured by the Blanchard Plaza Building in Seattle,
Washington are hereby incorporated by reference to Exhibit 4-B to the
Partnership's report on Form 10-K (File No. 0-12432) for December 31, 1995
dated March 25, 1996.
10-A. Acquisition documents relating to the purchase by the
Partnership of an interest in the Blanchard Plaza Building in Seattle,
Washington are hereby incorporated by reference to the Partnership's report
on Form 8-K (File No. 0-12432) dated July 29, 1983.
10-B. Disposition documents relating to the Partnership's
transferring its interest in the Town and Country Center in Houston, Texas
are hereby incorporated by reference to Exhibit 10-B to the Partnership's
report on Form 10-K (File No. 0-12432) for December 31, 1995 dated March
25, 1996.
27. Financial Data Schedule
(b) No reports on Form 8-K have been filed during the last quarter
of the period covered by this report.
14
EXHIBIT 3-C.
JMB INCOME PROPERTIES, LTD. - IX
ACKNOWLEDGEMENT
----------------
This Acknowledgement is made and executed as of the 31st day of
December, 1995 by ABPP Associates, L.P., a limited partnership organized
under the laws of the State of Illinois ("ABPP"), and JMB Realty
Corporation, a Delaware corporation ("JMBRC").
WHEREAS, ABPP has acquired by assignment all the assets of Income
Associates-IX, L.P., an Illinois limited partnership ("Associates"), which
has served as the Associate General Partner of JMB Income Properties, Ltd.
- - IX, an Illinois limited partnership (the "Partnership"), and ABPP has
elected to continue the business of Associates and has agreed to continue
as the Associate General Partner of the Partnership; and
WHEREAS, JMBRC has agreed to continue as the Managing General Partner
of the Partnership.
NOW, THEREFORE, the parties hereby agree and acknowledge as follows:
1. ABPP and JMBRC both shall continue as general partners of the
Partnership, each with all of the rights and powers of general partners
therein, as set forth in the agreement of limited partnership of the
Partnership, as amended to date (the "Partnership Agreement") and in the
Revised Uniform Limited Partnership Act of the State of Illinois, and the
Partnership and its business shall be continued in all respects.
2. ABPP hereby agrees that it is a signatory to the Partnership
Agreement, together with JMBRC, and adopts and agrees to be bound by all of
the provisions of the Partnership Agreement, as amended from time to time
in accordance with the provisions of the Partnership Agreement.
3. ABPP and JMBRC agree that JMBRC is hereby authorized and
empowered, on behalf of ABPP, JMBRC, the Partnership or any of the
foregoing, to execute any and all documents, enter into any and all
agreements, or take any and all other actions (in each case in accordance
with and subject to the terms of the Partnership Agreement), in the name of
the Partnership or otherwise, as shall be necessary or appropriate in
connection with the business of the Partnership at any time. It is further
understood and agreed that the Chairman, President or any Vice President of
JMBRC (including any partner of ABPP who is Chairman, President or Vice
President of JMBRC) may act for and in the name of JMBRC in the exercise by
JMBRC of any of its rights and powers hereunder. In dealing with JMBRC (or
the Chairman, President or any Vice President thereof) so acting on behalf
of ABPP, JMBRC or the Partnership, no person shall be required to inquire
into the authority of JMBRC or such individual to bind the Partnership.
Persons dealing with the Partnership are entitled to rely conclusively upon
the power and authority of JMBRC (and of the Chairman, President or any
Vice President of JMBRC) as set forth herein.
4. ABPP and JMBRC agree to take any and all other actions as shall
be necessary or appropriate to reflect the continuation of the
Partnership's business, including the filing with any agency of any
document which shall be necessary or appropriate in connection therewith.
5. Nothing contained herein or contemplated hereby shall be deemed
to render ABPP or JMBRC liable for any obligations for which they would
otherwise not be liable as general partners of the Partnership.
IN WITNESS WHEREOF, the parties hereto have executed this
Acknowledgement as of the date first above written.
ABPP ASSOCIATES, L.P.
By: JMB Realty Corporation
General Partner
By: DENNIS M. QUINN
Its: SR. VICE PRESIDENT
JMB REALTY CORPORATION
By: GARY NICKELE
Its: EXECUTIVE VICE PRESIDENT
<TABLE> <S> <C>
<ARTICLE> 5
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM THE
REGISTRANT'S FORM 10-Q FOR THE NINE MONTHS ENDED SEPTEMBER 30, 1996 AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS
INCLUDED IN SUCH REPORT.
</LEGEND>
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<PERIOD-TYPE> 9-MOS
<FISCAL-YEAR-END> DEC-31-1996
<PERIOD-END> SEP-30-1996
<CASH> 1,779,168
<SECURITIES> 0
<RECEIVABLES> 174,885
<ALLOWANCES> 0
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<CURRENT-ASSETS> 1,954,053
<PP&E> 27,150,169
<DEPRECIATION> 14,226,601
<TOTAL-ASSETS> 19,815,106
<CURRENT-LIABILITIES> 16,014,723
<BONDS> 0
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<OTHER-SE> 3,729,590
<TOTAL-LIABILITY-AND-EQUITY> 19,815,106
<SALES> 2,129,247
<TOTAL-REVENUES> 2,236,345
<CGS> 0
<TOTAL-COSTS> 1,693,302
<OTHER-EXPENSES> 221,417
<LOSS-PROVISION> 0
<INTEREST-EXPENSE> 1,207,037
<INCOME-PRETAX> (885,411)
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<INCOME-CONTINUING> (885,411)
<DISCONTINUED> 0
<EXTRAORDINARY> 0
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<NET-INCOME> (885,411)
<EPS-PRIMARY> (11.02)
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