Attached files
file | filename |
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8-K - FORM 8-K - LODGIAN INC | g23082e8vk.htm |
EX-3.2 - EX-3.2 - LODGIAN INC | g23082exv3w2.htm |
EX-99.1 - EX-99.1 - LODGIAN INC | g23082exv99w1.htm |
Exhibit 3.1
THIRD AMENDED AND RESTATED
CERTIFICATE OF INCORPORATION
OF
LODGIAN, INC.
CERTIFICATE OF INCORPORATION
OF
LODGIAN, INC.
Lodgian, Inc., a corporation organized and existing under and by virtue of the General
Corporation Law of the State of Delaware (the DGCL), hereby certifies as follows:
FIRST: The name of the corporation is Lodgian, Inc. (the Corporation). The Corporation was
originally incorporated under the name Servico Hotel Group, Inc. The original Certificate of
Incorporation of the Corporation was filed with the office of the Secretary of State of the State
of Delaware on February 11, 1998, and restated on April 13, 1998; amended by the Certificate of
Designations of Participating Preferred Stock filed on April 15, 1998; amended by the Court Ordered
Certificate of Amendment filed on November 22, 2002; further amended by the Certificate of
Designation of the Series A Preferred Stock filed on November 22, 2002; and most recently restated
on April 28, 2004 pursuant to the Second Amended and Restated Certificate of Incorporation.
SECOND: This Third Amended and Restated Certificate of Incorporation has been approved by the
Board of Directors of the Corporation.
THIRD: This Third Amended and Restated Certificate of Incorporation which restates, amends
and supersedes the Certificate of Incorporation of the Corporation as originally filed and
thereafter amended and restated, was duly adopted in accordance with the provisions of Sections 242
and 245 of the DGCL, and was approved by a vote of the stockholders of the Corporation entitled to
vote thereon in accordance with the DGCL.
FOURTH: The text of the Certificate of Incorporation of the Corporation is hereby amended,
restated and superseded to read in its entirety as follows:
1. The name of the Corporation is Lodgian, Inc. (the Corporation).
2. The address of the registered office of the Corporation in the State of Delaware is 1209
Orange Street in the City of Wilmington 19801, County of New Castle. The name of the registered
agent of the Corporation at such address is The Corporation Trust Company.
3. (a) The nature of the business or purposes to be conducted or promoted by the Corporation
is to engage in any lawful business, act or activity for which corporations may be organized under
the General Corporation Law of the State of Delaware.
(b) The private property of the stockholders shall not be subject to the payment of corporate
debts to any extent whatsoever.
4. The total number of shares of common stock which the Corporation shall have authority to
issue is one thousand (1,000) shares of common stock, at a par value of $0.01 per share.
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5. (a) The number of directors of the Corporation shall be not less than one (1) nor more than
nine (9), the exact number to be fixed from time to time in the manner provided by the Bylaws of
the Corporation.
(b) Election of directors need not be by written ballot unless the Bylaws shall so provide.
No holders of Common Stock of the Corporation shall have any rights to cumulate votes in the
election of directors.
6. In furtherance of, and not in limitation of, the powers conferred by statute, the Board of
Directors is expressly authorized to adopt, amend or repeal the Bylaws of the Corporation or adopt
new Bylaws, without any action on the part of the stockholders; provided, however, that no such
adoption, amendment, or repeal shall be valid with respect to Bylaw provisions that have been
adopted, amended, or repealed by the stockholders; and further provided, that Bylaws adopted or
amended by the Board of Directors and any powers thereby conferred may be amended, altered, or
repealed by the stockholders.
7. The Corporation is to have perpetual existence.
8. (a) A director of the Corporation shall not be personally liable to the Corporation or its
stockholders for monetary damages for breach of fiduciary duty as a director, except for liability
(i) for any breach of the directors duty of loyalty to the Corporation or its stockholders, (ii)
for acts or omissions not in good faith or which involve intentional misconduct or a knowing
violation of law, (iii) under Section 174 of the DGCL or (iv) for any transaction from which the
director derived any improper personal benefit.
(b) If the DGCL is amended hereafter to authorize the further elimination or limitation
of the liability of directors, then the liability of a director of the Corporation shall be
eliminated or limited to the fullest extent authorized by the DGCL, as so amended, without further
action by either the Board of Directors or the stockholders of the Corporation.
(c) Any repeal or modification of this Section 8 shall not adversely affect any right or
protection of a director of the Corporation existing hereunder with respect to any act or omission
occurring prior to or at the time of such repeal or modification.
9. (a) The Corporation shall indemnify any person who was or is a party or is threatened to be
made a party to any threatened, pending or completed action, suit or proceeding, whether civil,
criminal, administrative or investigative (other than an action by or in the right of the
Corporation) by reason of the fact that he is or was a director, officer, employee or agent of the
Corporation, or is or was serving at the request of the Corporation as a director, officer,
employee or agent of another corporation, partnership, joint venture, trust or other enterprise, to
the full extent authorized or permitted by law, as now or hereafter in effect, against expenses
(including attorneys fees), judgments, fines and amounts paid in settlement actually and
reasonably incurred by him in connection with such action, suit or proceeding if he acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best interests of the
Corporation, and, with respect to any criminal action or proceeding, had no reasonable cause to
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believe his conduct was unlawful. The termination of any action, suit or proceeding by
judgment, order, settlement or conviction, or upon a plea of nolo contendere or its equivalent,
shall not, of itself, create a presumption that the person seeking indemnification did not act in
good faith and in a manner which he reasonably believed to be in or not opposed to the best
interests of the Corporation, and, with respect to any criminal action or proceeding, had
reasonable cause to believe that his conduct was unlawful.
(b) The Corporation shall indemnify any person who was or is a party or is threatened to be
made a party to any threatened, pending or completed action or suit by or in the right of the
Corporation to procure a judgment in its favor by reason of the fact that he is or was a director,
officer, employee or agent of the Corporation, or is or was serving at the request of the
Corporation as a director, officer, employee or agent of another corporation, partnership, joint
venture, trust or other enterprise, to the full extent authorized or permitted by law, as now or
hereafter in effect, against expenses (including attorneys fees) actually and reasonably incurred
by him in connection with the defense or settlement of such action or suit if he acted in good
faith and in a manner he reasonably believed to be in or not opposed to the best interests of the
Corporation; provided, however, that no indemnification shall be made in respect of any claim,
issue or matter as to which such person shall have been adjudged to be liable to the Corporation
unless and only to the extent that the Court of Chancery of the State of Delaware or the court in
which such action or suit was brought shall determine upon application that, despite the
adjudication of liability but in view of all the circumstances of the case, such person is fairly
and reasonably entitled to indemnity for such expenses which the Court of Chancery or such other
court shall deem proper.
(c) To the extent that a present or former director or officer of the Corporation has been
successful on the merits or otherwise in defense of any action, suit or proceeding referred to in
subsections (a) and (b) above, or in defense of any claim, issue or matter therein, he shall be
indemnified against expenses (including attorneys fees) actually and reasonably incurred by him in
connection therewith.
(d) Notwithstanding anything to the contrary contained in subsections (a) or (b) above, except
for proceedings to enforce rights to indemnification, the Corporation shall not be obligated to
indemnify any person in connection with a proceeding (or part thereof) initiated by such person
unless such proceeding (or part thereof) was authorized in advance, or unanimously consented to, by
the Board of Directors.
(e) Any indemnification under subsections (a) and (b) above (unless ordered by a court) shall
be made by the Corporation only as authorized in the specific case upon a determination that
indemnification of the present or former director, officer, employee or agent is proper in the
circumstances because he has met the applicable standard of conduct set forth in subsections (a)
and (b) above. Such determination shall be made with respect to a person who is a director or
officer at the time of such determination, (i) by a majority vote of a quorum of the directors who
are not parties to such action, suit or proceeding, (ii) by a committee of such nonparty directors
designated by a majority vote of such directors, even though less than a quorum, (iii) if there are
no such directors, or if such directors so direct, by independent legal counsel in a written
opinion, or (iv) by the stockholders of the Corporation.
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(f) Expenses (including attorneys fees) incurred by a director or an officer in defending any
civil, criminal, administrative or investigative action, suit or proceeding shall be paid by the
Corporation in advance of the final disposition of such action, suit or proceeding upon receipt of
an undertaking in form and substance satisfactory to the Corporation by or on behalf of such
director or officer to repay such amount if it shall ultimately be determined that he is not
entitled to be indemnified by the Corporation pursuant to this Section 9. Such expenses (including
attorneys fees) incurred by former directors or officers or other employees and agents may be so
paid upon such terms and conditions, if any, as the Corporation deems appropriate.
(g) The indemnification and advancement of expenses provided by, or granted pursuant to, the
other subsections of this Section 9 shall not be deemed exclusive of any other rights to which
those seeking indemnification or advancement of expenses may be entitled under any law, bylaw,
agreement, vote of stockholders or disinterested directors or otherwise, both as to action in his
official capacity and as to action in another capacity while holding such office.
(h) The Corporation may purchase and maintain insurance on behalf of any person who is or
was a director, officer, employee or agent of the Corporation, or is or was serving at the request
of the Corporation as a director, officer, employee or agent of another corporation, partnership,
joint venture, trust or other enterprise, against any liability asserted against him and incurred
by him in any such capacity, or arising out of his status as such, whether or not the Corporation
would have the power to indemnify him against such liability under the provisions of the DGCL.
(i) For purposes of this Section 9, references to the Corporation shall include, in
addition to the resulting corporation, any constituent corporation (including any constituent of a
constituent) absorbed in a consolidation or merger which, if its separate existence had continued,
would have had power and authority to indemnify its directors, officers, employees or agents so
that any person who is or was a director, officer, employee or agent of such constituent
corporation, or is or was serving at the request of such constituent corporation as a director,
officer, employee or agent of another corporation, partnership, joint venture, trust or other
enterprise, shall stand in the same position under the provisions of this Section 9 with respect to
the resulting or surviving corporation as he would have with respect to such constituent
corporation if its separate existence had continued.
(j) For purposes of this Section 9, references to other enterprises shall include
employee benefit plans; references to fines shall include any excise taxes assessed on a person
with respect to any employee benefit plan; and references to serving at the request of the
Corporation shall include any service as a director, officer, employee or agent of the Corporation
which imposes duties on, or involves service by, such director, officer, employee or agent with
respect to an employee benefit plan, its participants or beneficiaries; and a person who acted in
good faith and in a manner he reasonably believed to be in the interest of the participants and
beneficiaries of an employee benefit plan shall be deemed to have acted in a manner not opposed to
the best interests of the Corporation, as referred to in this Section 9.
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(k) The indemnification and advancement of expenses provided by, or granted pursuant to, this
Section 9 shall, unless otherwise provided when authorized or ratified, continue as to a person who
has ceased to be a director, officer, employee or agent and shall inure to the benefit of the
heirs, executors and administrators of such a person.
(l) Any repeal or modification of this Section 9 by the stockholders of the Corporation shall
not adversely affect any rights to indemnification and to advancement of expenses that any person
may have at the time of such repeal or modification with respect to any acts or omissions occurring
prior to such repeal or modification.
(m) Notwithstanding any provisions of this Section 9 to the contrary, no person shall be
entitled to indemnification or advancement of expenses under this Section 9 with respect to any
action, suit or proceeding, or any claim therein, brought or made by him against the Corporation.
10. The Corporation shall have the right, subject to any express provisions or restrictions
contained in the Certificate of Incorporation or Bylaws of the Corporation, from time to time, to
amend this Certificate of Incorporation or any provision thereof in any manner now or hereafter
provided by law, and all rights and powers of any kind conferred upon a director or stockholder of
the Corporation by the Certificate of Incorporation or any amendment thereof are conferred subject
to such right.
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