- 7 - On December 12, 1985, Vebeliunas, as president of Litas, executed a mortgage assumption agreement whereby Litas assumed the first Kasa obligation (the Litas assumption). Good Shepherd: Organization and Operations The articles of incorporation of Good Shepherd provide that Good Shepherd is formed for the following purposes: Clause (a). To carry on the business of acquiring, constructing, owning, managing or operating nursing homes and other health care facilities, including health care facilities licensed by the Indiana Health Facilities Licensing Council, and performing all other legal activities related thereto. Clause (b). To act as agent of or representative for any one or more corporations, associations, partnerships, individuals, or other legal entities, to the extent that such activities are lawful under the Act. Clause (c). To transact any or all lawful business for which corporations may be incorporated under the Act. Prior to its involvement with the property, Good Shepherd had never operated a nursing home or a health care or medical facility. None of Good Shepherd's officers had operated a nursing care, elder care, or health care facility. Good Shepherd has never received a license from the State of Indiana to operate the property as a nursing home, nursing care facility, or other medical facility. Good Shepherd has never received a license to operate an elder care facility on the property. Good Shepherd has never obtained Medicaid or Medicare certification for thePage: Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Next
Last modified: May 25, 2011