EX-3 2 kppexh32.txt EXHIBIT 3.2 AMENDMENT TO PARTNERSHIP AGREEMENT Exhibit 3.2 AMENDMENT TO PARTNERSHIP AGREEMENT KANEB PIPE LINE PARTNERS, L.P. This Amendment (this "Amendment") to Partnership Agreement is entered into by and among Kaneb Pipeline Company LLC , a Delaware limited liability company (the "General Partner"), as general partner of Kaneb Pipe Line Partners, L.P., a Delaware limited partnership (the "Partnership"), and the limited partners of the Partnership, as hereinafter provided. WHEREAS, the General Partner and the other parties entered into that certain Amended and Restated Agreement of Limited Partnership of the Partnership dated July 23, 1998 (the "Partnership Agreement"), and WHEREAS, the General Partner desires to amend Section 2.5 of the Partnership Agreement as set forth herein; and WHEREAS, Section 16.1 of the Partnership Agreement permits the General Partner to amend such agreement to reflect a change that, in the sole discretion of the General Partner, does not adversely affect the Limited Partners in any material respect or a change that is necessary or desirable to satisfy any requirements, conditions, or guidelines contained in any opinion, directive, order, ruling or regulation of any federal or state agency or contained in any federal or state statute; and WHEREAS, the General Partner has determined that each of the changes effected hereby is permitted by an amendment to the agreement of limited partnership of the Partnership effected by the General Partner without the consent of any Limited Partners or Assignee; Now, Therefore, the General Partner does hereby amend Section 2.5 of the Partnership Agreement to provide, in its entirety, as follows: "2.5 Term. The Partnership commenced upon the filing of the Certificate of Limited Partnership in accordance with the Delaware Act on August 14, 1989, and shall continue in existence in perpetuity, unless earlier terminated in accordance with any provisions of this Agreement." This Amendment shall be effective as of June 30, 2003, regardless of when it is executed. IN WITNESS WHEREOF, the parties hereto have hereunto set their hands this 27th day of October, 2003. GENERAL PARTNER: KANEB PIPE LINE COMPANY LLC By: //s// HOWARD C. WADSWORTH Name: Howard C. Wadsworth Title: Vice President, Treasurer and Secretary LIMITED PARTNERS: All Limited Partners now and hereafter admitted as limited partners of the Partnership, pursuant to Powers of Attorney now and hereafter executed in favor of, and granted and delivered to, the General Partner By: Kaneb Pipe Line Company LLC, as attorney-in-fact for all Limited Partners pursuant to the Powers of Attorney granted pursuant to Article 10 of the Partnership Agreement By: //s// EDWARD D. DOHERTY Name: Edward D. Doherty Title: Chairman of the Board and Chief Executive Officer