EX-25.1 8 ex25-1.htm FORM T-1 CSX CORPORATION Form T-1 CSX Corporation
Exhibit 25.1
 


 
FORM T-1
 
SECURITIES AND EXCHANGE COMMISSION
 
Washington, D.C. 20549
 

 
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) |_|
 

 
     
     
THE BANK OF NEW YORK
(Exact name of trustee as specified in its charter)
     
New York
 
13-5160382
(State of incorporation
 
(I.R.S. employer
if not a U.S. national bank)
 
identification no.)
     
One Wall Street, New York, N.Y.
 
10286
(Address of principal executive offices)
 
(Zip code)
     
     
CSX Corporation
(Exact name of trustee as specified in its charter)
Commonwealth of Virginia
 
62-1051971
(State of incorporation
 
(I.R.S. employer
if not a U.S. national bank)
 
identification no.)
     
500 Water Street, 15th Floor
 
32202
Jacksonville, FL
 
(Zip code)
(Address of principal executive offices)
 
     
     
Senior and Subordinated Debt Securities, Warrants and
Guarantees of Preferred Securities of CSX Capital Trust I
 
(Title of the indenture securities)



 

 




 
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.
 
Name
Address
Superintendent of Banks of the State of
One State Street, New York, N.Y.
New York
10004-1417, and Albany, N.Y.
 
12223
   
Federal Reserve Bank of New York
33 Liberty Street, New York, N.Y. 10045
   
Federal Deposit Insurance Corporation
Washington, D.C. 20429
   
New York Clearing House Association
New York, New York 10005

(b)  Whether it is authorized to exercise corporate trust powers.
 
Yes.
 
2.  Affiliations with Obligor.
 
If the obligor is an affiliate of the trustee, describe each such affiliation.
 
None.
 
16.  List of Exhibits.
 
Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the "Act") and 17 C.F.R. 229.10(d).
 
1.   A copy of the Organization Certificate of The Bank of New York (formerly Irving Trust Company) as now in effect, which contains the authority to commence business and a grant of powers to exercise corporate trust powers. (Exhibit 1 to Amendment No. 1 to Form T-l filed with Registration Statement No. 33-6215, Exhibits la and 1b to Form T-l filed with Registration Statement No. 33-21672, Exhibit 1 to Form T-l filed with Registration Statement No. 33-29637 and Exhibit 1 to Form T-l filed with Registration Statement No. 333-121195.)
 
4.  A copy of the existing By-laws of the Trustee. (Exhibit 4 to Form T-l filed with Registration Statement No. 333-121195.)
 
 

 

 
6. The consent of the Trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-l filed with Registration Statement No. 333-106702.)

7. A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.





SIGNATURE
 
Pursuant to the requirements of the Act, the Trustee, The Bank of New York, a corporation organized and existing under the laws of the State of New York, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of New York, and State of New York, on the 7th day of February 2007.
 
 
 
 
THE BANK OF NEW YORK
 
 
By
/s/ Michael A. Smith
   
/s/ Michael A. Smith
   
Vice President

 


 

 
EXHIBIT 7
 
 

Consolidated Report of Condition of
 
THE BANK OF NEW YORK

of One Wall Street, New York, N.Y. 10286
And Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System, at the close of business September 30, 2006, published in accordance with a call made by the Federal Reserve Bank of this District pursuant to the provisions of the Federal Reserve Act.

   
ASSETS
Dollar Amounts
In Thousands
Cash and balances due from depository
 
institutions:
 
Noninterest-bearing balances and currency
 
and coin
2,478,000
Interest-bearing balances
15,693,000
Securities:
 
Held-to-maturity securities
1,856,000
Available-for-sale securities
17,740,000
Federal funds sold and securities purchased
 
under agreements to resell
 
Federal funds sold in domestic offices
N/A
Securities purchased under agreements to
 
resell
N/A
Loans and lease financing receivables:
 
Loans and leases held for sale
0
Loans and leases, net of unearned
 
income
N/A
LESS: Allowance for loan and
 
lease losses
407,000
Loans and leases, net of unearned
 
income and allowance
N/A
Trading assets
3,011,000
Premises and fixed assets (including
 
capitalized leases)
896,000
Other real estate owned
0
Investments in unconsolidated subsidiaries
 
and associated companies
308,000
Not applicable
 
Intangible assets:
 
Goodwill
2,188,000
Other intangible assets
N/A
Other assets
7,975,000
Total assets  91,155,000
 
 

 
 
 
LIABILITIES
 
Deposits:  
In domestic offices
34,430,000
Noninterest-bearing
16,230,000
Interest-bearing
18,200,000
In foreign offices, Edge and Agreement
 
subsidiaries, and IBFs
34,321,000
Noninterest-bearing
399,000
Interest-bearing
33,922,000
Federal funds purchased and securities sold
 
under agreements to repurchase
 
Federal funds purchased in domestic
 
offices
N/A
Securities sold under agreements to
 
repurchase
N/A
Trading liabilities
2,224,000
Other borrowed money:
 
(includes mortgage indebtedness and
 
obligations under capitalized leases)
N/A
Not applicable
 
Not applicable
 
Subordinated notes and debentures
1,955,000
Other liabilities
6,374,000
Total liabilities
82,119,000
 
Minority interest in consolidated
 
subsidiaries
151,000
 
EQUITY CAPITAL
 
Perpetual preferred stock and related
 
surplus
0
Common stock
1,135,000
Surplus (exclude all surplus related to
 
preferred stock)
2,115,000
Retained earnings
5,696,000
Accumulated other comprehensive income
N/A
Other equity capital components
N/A
Total equity capital
8,885,000
Total liabilities, minority interest, and equity capital
 
 
91,155,000
 
 
 

 
 
I, Thomas P. Gibbons, Chief Financial Officer of the above-named bank do hereby declare that this Report of Condition is true and correct to the best of my knowledge and belief.
 
 
Thomas P. Gibbons,
Chief Financial Officer
 
We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We declare that it has been examined by us, and to the best of our knowledge and belief has been prepared in conformance with the instructions and is true and correct.
 
 
Thomas A. Renyi
 
  
 
 
Gerald L. Hassell
Directors
Catherine A. Rein