EX-25.2 9 d532668dex252.htm EX-25.2 EX-25.2

Exhibit 25.2

 

 

 

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)

Christopher J. Grell

U.S. Bank National Association

100 Wall Street, Suite 1600

New York, NY 10005

phone (212) 951-6990

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

 

 

NORFOLK SOUTHERN CORPORATION

(Issuer with respect to the Securities)

 

 

 

Virginia   52-1188014

(State or other jurisdiction of

incorporation or organization)

 

(I.R.S. Employer

Identification No.)

 

Three Commercial Place

Norfolk, Virginia

  23510
(Address of Principal Executive Offices)   (Zip Code)

 

 

Subordinated Debt Securities

(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 Items 3-15 are not applicable because to the best of the Trustee’s knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

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 September 30, 2017 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 form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.
*** Incorporated by reference to Form 305B2 filed with Registration Number 333-217122 filed on January 26, 2018.


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 30th of January, 2018.

 

By:    

/s/ Christopher J. Grell

  Christopher J. Grell
  Vice President


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: January 30, 2018

 

By:    

/s/ Christopher J. Grell

  Christopher J. Grell
  Vice President


Exhibit 7

U.S. Bank National Association

Statement of Financial Condition

As of 9/30/2017

($000’s)

 

     9/30/2017  

Assets

  

Cash and Balances Due From Depository Institutions

   $ 20,502,653  

Securities

     110,797,206  

Federal Funds

     24,647  

Loans & Lease Financing Receivables

     277,953,611  

Fixed Assets

     4,538,527  

Intangible Assets

     12,820,876  

Other Assets

     25,614,306  
  

 

 

 

Total Assets

   $ 452,251,826  

Liabilities

  

Deposits

   $ 353,914,855  

Fed Funds

     992,263  

Treasury Demand Notes

     0  

Trading Liabilities

     989,885  

Other Borrowed Money

     31,965,947  

Acceptances

     0  

Subordinated Notes and Debentures

     3,300,000  

Other Liabilities

     14,438,977  
  

 

 

 

Total Liabilities

   $ 405,601,927  

Equity

  

Common and Preferred Stock

     18,200  

Surplus

     14,266,915  

Undivided Profits

     31,565,657  

Minority Interest in Subsidiaries

     799,127  
  

 

 

 

Total Equity Capital

   $ 46,649,899  

Total Liabilities and Equity Capital

   $ 452,251,826