Limited Liability Company Agreement of Russellville Physician Practices, LLC
Exhibit 3.350
This Limited Liability Company Agreement of Russellville Physician Practices, LLC,
effective as of December 3, 2003 (this “Agreement”) is entered into by LifePoint Hospitals
Holdings, Inc., as the sole member (the “Member”).
WHEREAS, the Member desires to form a limited liability company under and subject to the
laws of the State of Delaware for the purpose described below; and
WHEREAS, the Member desires to enter into this Agreement to define formally and express the
terms of such limited liability company and its rights and obligations with respect thereto;
NOW, THEREFORE, in consideration of the agreements and obligations set forth herein and for
other good and valuable consideration, the Member hereby forms a limited liability company
pursuant to and in accordance with the Delaware Limited Liability Company Act (6 Del. C.
§ 18-101, et seq.), as amended from time to time (the “Act”), and hereby agrees as
follows:
1. Name. The name of the limited liability company shall be Russellville Physician
Practices, LLC (the “Company”).
2. Purpose. The object and purpose of, and the nature of the business to be conducted
and promoted by the Company is, carrying on any lawful business, purpose or activity for which
limited liability companies may be formed under the Act and engaging in any and all activities
necessary or incidental to the foregoing.
3. Registered Office. The address of the registered office of the Company in the State
of Delaware is 0000 Xxxxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx 00000.
4.
Registered Agent. The name and address of the registered agent of the Company for
service of process on the Company in the State of Delaware is Corporation Service Company, 0000
Xxxxxxxxxxx Xxxx, Xxxxx 000, Xxxxxxxxxx, Xxxxxxxx 00000.
5. Member and Capital Contribution. The name and the business address of the
Member and the amount of cash or other property contributed or to be contributed by the Member to
the capital of the Company are set forth on Schedule A attached hereto and shall be listed
on the books and records of the Company. The managers of the Company shall be required to update
the books and records, and the aforementioned Schedule, from time to time as necessary to
accurately reflect the information therein.
The Member shall not be required to make any additional contributions of capital to the
Company, although the Member may from time to time agree to make
additional capital contributions to the Company.
6.
Powers. The business and affairs of the Company shall be managed by the
Member. The Member shall have the power to do any and all acts necessary or convenient to or for
the furtherance of the purposes described herein, including all powers, statutory or otherwise,
possessed by members of a limited liability company under the laws of the State of Delaware. The
Member hereby designates the following persons to serve as managers in the capacity set forth
after their names, each until such person’s successor shall have been duly appointed or until such
person’s earlier resignation or removal:
Joné Law Koford
|
President | |
Xxxxxxx X. Xxxxxxxxx III
|
Senior Vice President and Secretary | |
Xxxxxxx X. Xxxxxxx
|
Senior Vice President and Chief Financial Officer | |
Xxxxxxx X. Xxxxxxxx
|
Vice President | |
Xxxx X. Xxxxxx
|
Vice President | |
Xxxxxx X. Xxxx
|
Vice President | |
W. Xxxx Xxxxxx
|
Vice President | |
Xxxx Xxx X. Xxxxx
|
Assistant Secretary |
The managers of the Company shall have such authority and perform such duties in the
management of the Company as may be determined by the Member or as provided herein or under the
Act to one or more managers.
7. Dissolution. The Company shall dissolve, and its affairs shall be wound up, upon
the first to occur of the following: (a) the written consent of the Member or (b) the entry of a
decree of judicial dissolution under Section 18-802 of the Act.
8. Allocation of Profits and Losses. The Company’s profits and losses shall be
allocated to the Member.
9. Distributions. Distributions shall be made to the Member at the times and in
the aggregate amounts determined by the Member.
10. Resignation. The Member shall not resign from the Company (other than pursuant to
a transfer of the Member’s entire limited liability company interest in the Company to a single
substitute member, including pursuant to a merger agreement that provides for a substitute member
pursuant to the terms of this Agreement) prior to the dissolution and winding up of the Company.
11. Assignment and Transfer. The Member may assign or transfer in whole but not in
part its limited liability company interest to a single acquiror.
12. Admission of Substitute Member. A person who acquires the Member’s
entire limited liability company interest by transfer or assignment shall be admitted to the
Company as a member upon the execution of this Agreement or a counterpart of this Agreement and
thereupon shall become the “Member” for purposes of this Agreement.
13. Liability of Member and Managers. Neither the Member nor any manager shall
have any liability for the obligations or liabilities of the Company except to the extent provided
herein or in the Act.
14. Indemnification. The Company shall indemnify and hold harmless each manager
and the Member and its partners, shareholders, officers, directors, managers,
employees, agents and representatives and the partners, shareholders, officers, directors,
managers, employees, agents and representatives of such persons to the fullest extent permitted by
the Act.
15. Certificates of Interest. Interest in the Company shall be represented by
certificate(s) issued by the Company, shall be deemed “securities” within the meaning of Section
8-102 of Article 8 of the Delaware Uniform Commercial Code and shall be governed by Article 8 of
the Uniform Commercial Code.
16. Amendment. This Agreement may be amended from time to time with the consent of
the Member.
17. Governing Law. This Agreement shall be governed by, and construed in
accordance with, the laws of the State of Delaware.
IN WITNESS WHEREOF, the undersigned has executed this Limited Liability Company
Agreement as of December 3, 2003.
| LifePoint Hospitals Holdings, Inc. |
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| By: | /s/ Xxxx Xxx X. Xxxxx | |||
| Xxxx Xxx X. Xxxxx | ||||
| Assistant Secretary | ||||
