AGREEMENT OF LIMITED PARTNERSHIPOF IOM HEALTH SYSTEM, LP.
EXHIBIT 3.356
AGREEMENT OF LIMITED PARTNERSHIPOF
IOM HEALTH SYSTEM, LP.
IOM HEALTH SYSTEM, LP.
The undersigned, desiring to form a limited partnership pursuant to the provisions of the Indiana
Revised Uniform Limited Partnership Act (the “Uniform Act”), certify as follows:
1. Partnership Name. The name of the limited partnership is IOM Health System, L.P. (the
“Partnership”).
2. Purpose. The purpose of the Partnership is to own, operate, mortgage and sell certain assets and
properties, as may be identified by the General Partner of the Partnership, including Lutheran
Hospital of Indiana in Fort Xxxxx, Indiana and certain related assets. The Partnership shall have
the authority to do all things necessary, convenient or advisable to accomplish its purpose and to
operate its business as described. This Agreement shall not be construed to create a partnership
relationship among the partners with respect to any activities other than those specified in this
Section 2. The Partnership shall not be required to engage in all activities permitted by or
specified in this Section 2, and shall begin business upon engaging in any portion or phase of any
such activity.
3. Principal Office. The principal office of the Partnership is located at 000 Xxxxxxxx Xxxx, Xxxxx
000, Xxxxxxxxx, Xxxxxxxxx 00000. The Partnership also maintains an office at 0000 Xxxx Xxxxxxxxx
Xxxxxxxxx, Xxxx Xxxxx, Xxxxxxx 00000-0000.
4. Registered Office and Agent. The registered office of the Partnership in the State of Indiana
will be at such place as the General Partner may designate from time to time. The registered agent
for service of process on the Partnership in the State of Indiana or any other jurisdiction shall
be such person or persons as the General Partner may designate from time to time. The initial
registered office of the Partnership in the State of Indiana is located at 0000 Xxxx Xxxxxxxxx
Xxxxxxxxx, Xxxx Xxxxx, Xxxxxxx 00000-0000, and its initial registered agent in the State of Indiana
at that address is QHG of Indiana, Inc.
5. Initial Partners. The name and address of each partner interested in the Partnership is as
follows:
(a) General Partner
Name
|
Address | |
QHG of Indiana, Inc., an Indiana corporation |
c/o Quorum Health Group, Inc. 000 Xxxxxxxx Xxxx Xxxxx 000 |
|
Xxxxxxxxx, Xxxxxxxxx 00000 |
(b) Original Limited Partners
QHG of Fort Xxxxx, Inc., an Indiana corporation |
c/o Quorum Health Group, Inc. 000 Xxxxxxxx Xxxx, Xxxxx 000 |
|
Xxxxxxxxx, Xxxxxxxxx 00000 | ||
QHG of Indiana, Inc., an Indiana corporation |
c/o Quorum Health Group, Inc. 000 Xxxxxxxx Xxxx, Xxxxx 000 |
|
Xxxxxxxxx, Tennessee 3702 |
6. Date of Activation. The Partnership shall be organized on the date its Certificate of Limited
Partnership is filed in the office of the Secretary of State of Indiana, and the Partnership shall
continue until the close of business on December 31, 2025, unless terminated prior to such date as
provided in this Agreement or in the Uniform Act.
7. Capital Contributions. The capital contributed to the Partnership by the General Partner and the
Original Limited Partner is as follows:
Other | Debt | |||||||||||||||||||
(a) | General Partner | Cash | Property | Assumed | Total | |||||||||||||||
QHG of Indiana, Inc.,
an Indiana corporation |
-0- | $ | 1,600,644 | $ | 1,232,487 | $ | 368,157 | |||||||||||||
Other | Debt | |||||||||||||||||||
(b) | General Partner | Cash | Property | Assumed | Total | |||||||||||||||
QHG of Fort Xxxxx,
Inc.,
an Indiana corporation |
$ | 368,157 | $ | -0- | -0- | $ | 368,157 | |||||||||||||
QHG of Indiana, Inc.,
an Indiana corporation |
$ | -0- | $ | 158,463,745 | $ | 122,384,449 | $ | 36,079,296 |
9. Withdrawal of Original Limited Partner. Upon the admission to the Partnership of one or more
additional Limited Partners, the capital contribution of QHG of Fort Xxxxx, Inc. (the “Original
Limited Partner”) shall, at the election of the Original Limited Partner, be returned to it in
exchange for and in complete liquidation of its limited partnership interest. Such liquidation
shall occur automatically upon the admission of any additional Limited Partner, and the election of
the Original Limited Partner and the Original Limited Partner shall immediately cease to be a
Limited Partner in the Partnership. Upon such election, the Original Limited Partner shall not
participate in the Partnership’s profits, losses or other items of income or loss, and shall
receive no distribution whatsoever from the Partnership (other than in liquidation of its
interest).
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10. Assignment by Limited Partners. A Limited Partner shall have the right to substitute an
assignee in his place only upon written consent of the General Partner and compliance with the
provisions of this Agreement and the Uniform Act.
11. No Priority: Rights to Property. No Limited Partner shall have the right to priority over any
other Limited Partner as to contributions or as to compensation by way of income. No limited
partner shall have any right to demand and receive property other than cash in return for his or
her contribution to the Partnership.
12. Offering of Limited Partnership interests. The Partnership plans to offer units of limited
partnership interest to a limited number of qualified investors pursuant to the provisions of a
Confidential Private Placement Memorandum in accordance with Regulation D promulgated under the
Securities Act of 1933, as amended, and applicable “Blue Sky” rules promulgated by the Secretary of
State of Indiana. The General Partner may, in its sole discretion, close such offering at any time
and admit subscribing investors to the Partnership as additional Limited Partners pursuant to an
Amended and Restated Agreement of Limited Partnership and the Uniform Act.
13. Authority of General Partner. No person conducting business with the Partnership shall be
required to determine the authority of the General Partner to act for and on behalf of the
Partnership, or to determine any facts or circumstances bearing upon the existence of such
authority, including the securing of any necessary consent or approval of the Original Limited
Partner or the Limited Partners. The General Partner is expressly authorized to execute and deliver
for and on behalf of the Partnership all contracts, agreements and commitments relating to the
business and expressed purpose of the Partnership, and said contracts, agreements and commitments
shall be binding upon the Partnership.
The General Partner may borrow, and authorize the borrowing of, money required for the business of
the Partnership from any person, including its affiliates, and may secure the repayment of such
loans by executing promissory notes, deeds of trust or by pledging or otherwise encumbering or
granting security interests in all or any portion of the assets owned by the Partnership.
14. Exculpation of General Partner. No act or omission by the Partnership or the General Partner,
except gross negligence or willful misconduct, shall ever subject the General Partner or its
affiliates to any liability to the Partnership or any Partner. No shareholder, officer, director,
employee, agent or associate of the General Partner shall have any liability to the Partnership or
to any Partner in connection with the Partnership. The Partnership shall indemnify and hold
harmless the General Partner and all shareholders, officers, directors, employees or agents of the
General Partner to the fullest extent allowed under the Uniform Act.
15. Definitions. Capitalized terms not otherwise defined in this Agreement shall have the meaning
given them in Title 23, Article 16, Chapter 1 of the Uniform Act.
Dated this the 5th day of October, 1995.
GENERAL PARTNER:
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QHG OF INDIANA, INC.,
an Indiana corporation
an Indiana corporation
By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
Vice President
Xxxxxxx X. Xxxxx
Vice President
LIMITED PARTNERS:
QHG OF FT. XXXXX, INC.,
an Indiana corporation
an Indiana corporation
By: /s/ Xxxxxx Xxxxxx
Xxxxxx Xxxxxx
Vice President
Xxxxxx Xxxxxx
Vice President
QHG OF INDIANA, INC
an Indiana corporation
an Indiana corporation
By: /s/ Xxxxxxx X. Xxxxx
Xxxxxxx X. Xxxxx
Vice President
Xxxxxxx X. Xxxxx
Vice President
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STATE OF TENNESSEE
|
) | |||||
COUNTY OF XXXXXXXXXX
|
) |
Before me, Xxxxx Xxxxx, of the state and county aforesaid, personally appeared Xxxxxxx X. Xxxxx,
with whom I am personally acquainted, or proved to me on the basis of satisfactory evidence and
who, upon oath, acknowledged herself to be the Vice President of QHG of Indiana, Inc., the within
named bargainor, a corporation, and that she as such Vice President, executed the foregoing
instrument for the purpose therein contained, by signing the name of the corporation by herself as
Vice President.
Witness my hand and seal, this 5th day of October, 1995.
/s/ Xxxxx Xxxxx
Notary Public
Notary Public
My Commission Expires:
My Commission Expires JAN. 20, 0000
XXXXX XX XXXXXXXXX
|
) | |||||
COUNTY OF XXXXXXXXXX
|
) |
Personally appear before me, Xxxxx Xxxxx a Notary Public of said county, appeared Xxxxxx X. Xxxxxx,
whom I am personally acquainted, or proved to me on the basis of satisfactory evidence and who,
upon oath, acknowledged herself to be the Vice President of QHG of Ft. Xxxxx, Inc., the within
named bargainor, a corporation, and that she as such Vice President, executed the foregoing
instrument for the purposes therein contained, by signing the name of the corporation by herself as
Vice President.
Witness my hand, at office, this 5th day of October , 1995.
/s/ Xxxxx Xxxxx
Notary Public
Notary Public
My Commission Expires:
My Commission Expires JAN. 20,1999.
My Commission Expires JAN. 20,1999.
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