EX-25 9 c79322s4exv25.htm EX-25 STATEMENT OF ELIGIBILITY OF TRUSTEE exv25
 



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
         
60 Livingston Avenue St. Paul, Minnesota       55107

     
 
(Address of principal executive offices)       (Zip Code)
 
Richard Prokosch
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3918

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

(Issuer with respect to the Securities)
     
Minnesota   41-1693295

 
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)
 
3905 Dakota Street, SW
P.O. Box 2000
Alexandria, MN
  56308-2000

 
Address of Principal Executive Offices)   (Zip Code)

9-7/8% Senior Notes Due 2010
(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 June 30, 2003, published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

    * Incorporated by reference to Registration Number 333-67188.

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NOTE

     The answers to this statement insofar as such answers relate to what persons have been underwriters for any securities of the obligors within three years prior to the date of filing this statement, or what persons are owners of 10% or more of the voting securities of the obligors, or affiliates, are based upon information furnished to the Trustee by the obligors. While the Trustee has no reason to doubt the accuracy of any such information, it cannot accept any responsibility therefor.

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 St. Paul, State of Minnesota on the 17th day of October, 2003.

   
  U.S. BANK NATIONAL ASSOCIATION
 
  By: /s/ Richard Prokosch

Richard Prokosch
Vice President
 
  By: /s/ Benjamin J. Kreuger

Benjamin J. Kreuger
Trust Officer

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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: October 17, 2003

   
  U.S. BANK NATIONAL ASSOCIATION
 
  By: /s/ Richard Prokosch

Richard Prokosch
Vice President
 
  By: /s/ Benjamin J. Kreuger

Benjamin J. Kreuger
Trust Officer

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Exhibit 7

U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2003

($000’s)

             
        6/30/2003  
       
 
Assets
       
 
Cash and Due From Depository Institutions
  $ 11,987,100  
 
Federal Reserve Stock
    0  
 
Securities
    35,336,411  
 
Federal Funds
    4,955,134  
 
Loans & Lease Financing Receivables
    118,648,100  
 
Fixed Assets
    1,864,465  
 
Intangible Assets
    9,999,520  
 
Other Assets
    8,735,830  
 
 
 
 
   
Total Assets
  $ 191,526,560  
 
Liabilities
       
 
Deposits
  $ 132,461,590  
 
Fed Funds
    5,061,915  
 
Treasury Demand Notes
    0  
 
Trading Liabilities
    303,140  
 
Other Borrowed Money
    20,320,775  
 
Acceptances
    150,586  
 
Subordinated Notes and Debentures
    6,326,523  
 
Other Liabilities
    5,864,946  
 
 
 
 
 
Total Liabilities
  $ 170,489,475  
 
Equity
       
 
Minority Interest in Subsidiaries
  $ 999,216  
 
Common and Preferred Stock
    18,200  
 
Surplus
    11,015,123  
 
Undivided Profits
    9,004,546  
 
 
 
 
   
Total Equity Capital
  $ 21,037,085  
 
Total Liabilities and Equity Capital
  $ 191,526,560  
 
 
 
 

     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/ Richard Prokosch

Vice President

Date: October 17, 2003

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