AGREEMENT OF LIMITED PARTNERSHIP OF VICTORIA OF TEXAS, L.P.
EXHIBIT 3.338
AGREEMENT OF LIMITED PARTNERSHIP
OF
VICTORIA OF TEXAS, L.P.
The undersigned parties, being all of the partners (the “Partners”) of Victoria of Texas, L.P. (the
“Partnership”), a Delaware limited partnership, hereby form the Partnership pursuant to the
provisions of the Delaware Revised Uniform Limited Partnership Act (the “Act”), and hereby agree
that the ownership interests in the Partnership (“Percentage Ownership”) and the capital
contributions of the Partners are as follows:
Name and Address | Percentage Ownership | Initial Contribution | ||
SOLE GENERAL PARTNER Xxxxx Hospital, LLC (the “General Partner”) Xxx Xxxx Xxxxx Xxxxxxxxx, Xxxxxxxxx 00000 |
1% | The assets contributed to the Partnership by the General Partner, as set forth in a Xxxx of Sale and Assignment, effective as of the Effective Time (as defined therein), between the Partners and the Partnership. | ||
SOLE LIMITED PARTNER: Victoria Hospital, LLC (the “Limited Partner”) Xxx Xxxx Xxxxx Xxxxxxxxx, Xxxxxxxxx 00000 |
99% | The assets contributed to the Partnership by the Limited Partner as set forth in a Xxxx of Sale and Assignment, effective as of the Effective Time (as defined therein), between the Partners and the Partnership. |
Neither Partner shall be required to make any additional contributions of capital to the
Partnership, although the Partners may from time to time agree to make additional contributions to
the Partnership.
The Partnership may engage in any lawful business permitted by the Act, including without
limitation, acquiring, constructing, developing, owning, operating, selling, leasing, financing and
otherwise dealing with real property and healthcare businesses.
The address of the registered office of the Partnership in the State of Delaware is 0000 Xxxxxx
Xxxx, Xxxxxxxxxx, Xxxxxxxx 00000 and the name and address of the registered agent for service
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of process on the Partnership in the State of Delaware is Corporation Service Company, 0000 Xxxxxx
Xxxx, Xxxxxxxxxx, Xxxxxxxx 00000.
The Partnership shall be terminated and dissolved upon the earlier of (i) the mutual agreement of
the Partners or (ii) December 31, 2050.
Prior to the dissolution of the Partnership, no Partner shall have the right to receive any
distributions or return of its capital contribution.
All distributions and all allocations of income, gains, losses and credits shall be made in
accordance with the Percentage Ownership of each Partner, as specified in this Agreement of Limited
Partnership (the “Partnership Agreement”).
The General Partner of the Partnership shall have the exclusive right and full power and authority
to manage, control, conduct and operate the business of the Partnership and may take any and all
action, including, but not limited to, the disposition of any or all of the Partnership’s assets,
without the consent of the Limited Partner. The General Partner shall maintain all books and
records required by the Act to be maintained at the Partnership’s principal place of business. The
General Partner shall make available to the Limited Partner such books and records of the
Partnership as are required pursuant to the Act. The General Partner shall have the right to
designate a different registered agent and/or registered office for the Partnership by complying
with any requirements pursuant to the Act.
The Partnership shall indemnify and hold harmless the General Partner, and its partners, managers,
members, employees, agents and representatives and the shareholders, officers, directors, members,
employees, agents and representatives of its partners to the fullest extent permitted by the Act.
Neither the General Partner nor the Limited Partner shall be permitted to withdraw from the
Partnership or transfer, assign, or pledge its interest in the Partnership without the prior
written consent of the other Partner, which consent may be withheld in such Partner’s sole
discretion.
The Partnership is hereby authorized to engage in any merger or consolidating transaction with any
limited partnership or other business entity as provided in Section 17-211 of the Act. Any such
merger or consolidation transaction may be approved solely by the General Partner and does not
require the consent of the Limited Partner. If the Partnership is the surviving or resulting
limited partnership in any merger or consolidation, the Partnership Agreement may be amended and/or
restated in connection with the agreement of merger or consolidation.
The Partnership Agreement may be amended in whole or in part at the sole discretion of the General
Partner without the approval of the Limited Partner. The General Partner may, in its sole and
absolute discretion, admit additional or substitute general or limited partners and reallocate the
Percent Ownership.
The Partners hereby agree that all other terms of the Partnership be controlled and interpreted in
accordance with the Act.
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EXECUTED on October 14, 1998 but effective as of October 1, 1998.
SOLE GENERAL PARTNER
Xxxxx Hospital, LLC
/s/ Xxxx X. Xxxxxx XX
Xxxx X. Xxxxxx XX
Vice President
Xxxx X. Xxxxxx XX
Vice President
SOLE LIMITED PARTNER
Victoria Hospital, LLC
/s/ Xxxx X. Xxxxxx XX
Vice President
Vice President
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