EX-25.1 25 dex251.htm STATEMENT OF ELIGIBILITY OF TRUSTEE Statement of Eligibility of Trustee

Exhibit 25.1

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM T-1

 

 

STATEMENT OF ELIGIBILITY UNDER

THE TRUST INDENTURE ACT OF 1939 OF A

CORPORATION DESIGNATED TO ACT AS TRUSTEE

Check if an Application to Determine Eligibility of

a Trustee Pursuant to Section 305(b)(2)

 

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall

Minneapolis, Minnesota

  55402
(Address of principal executive offices)   (Zip Code)

Debby R. Wight

U.S. Bank National Association

1420 5th Avenue, 7th Floor

Seattle, WA 98101

(206) 344-4679

(Name, address and telephone number of agent for service)

Potlatch Corporation

(Issuer with respect to the Securities)

 

Delaware   82-0156045

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

601 West First Avenue, Suite 1600

Spokane, WA

  99201
(Address of Principal Executive Offices)   (Zip Code)

7 1/2% Senior Notes due 2019

(Title of the Indenture Securities)

 

 

 


FORM T-1

 

Item 1. GENERAL INFORMATION. Furnish the following information as to the Trustee.

 

  a) Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency

Washington, D.C.

 

  b) Whether it is authorized to exercise corporate trust powers.

Yes

 

Item 2. AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

 

Items 3-15

   The Trustee is a Trustee under other Indentures under which securities issued by the obligor are outstanding. There is not and there has not been a default with respect to the securities outstanding under other such Indentures.

 

Item 16. LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

  1. A copy of the Articles of Association of the Trustee.*

 

  2. A copy of the certificate of authority of the Trustee to commence business.*

 

  3. A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*

 

  4. A copy of the existing bylaws of the Trustee.**

 

  5. A copy of each Indenture referred to in Item 4. Not applicable.

 

  6. The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

  7. Report of Condition of the Trustee as of December 31, 2009 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.
** Incorporated by reference to Exhibit 25.1 to registration statement on S-4, Registration Number 333-159463 filed on August 21, 2009.

 

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SIGNATURE

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of New York, State of New York on the 6th of April 2010.

 

By:

 

/s/ Debby R. Wight

  Debby R. Wight
  Vice President

 

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Exhibit 6

CONSENT

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

Dated: April 6, 2010

 

By:

 

/s/ Debby R. Wight

  Debby R. Wight
  Vice President

 

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Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

Exhibit 7

As of 12/31/2009

($000’s)

 

     12/31/2009

Assets

  

Cash and Balances Due From Depository Institutions

   $ 6,198,904

Securities

     43,054,635

Federal Funds

     3,431,853

Loans & Lease Financing Receivables

     189,772,027

Fixed Assets

     4,797,639

Intangible Assets

     13,399,731

Other Assets

     15,721,341
      

Total Assets

   $ 276,376,130

Liabilities

  

Deposits

   $ 194,253,182

Fed Funds

     10,148,686

Treasury Demand Notes

     0

Trading Liabilities

     345,396

Other Borrowed Money

     31,068,244

Acceptances

     0

Subordinated Notes and Debentures

     7,629,967

Other Liabilities

     6,705,043
      

Total Liabilities

   $ 250,150,518

Equity

  

Minority Interest in Subsidiaries

   $ 1,629,447

Common and Preferred Stock

     18,200

Surplus

     12,642,020

Undivided Profits

     11,935,945
      

Total Equity Capital

   $ 26,225,612

Total Liabilities and Equity Capital

   $ 276,376,130

To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.

U.S. Bank National Association

 

By:

 

/s/ Debby R. Wight

  Debby R. Wight
  Vice President

Date: April 6, 2010

 

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