EXHIBIT 4(n)
DECLARATION OF TRUST
OF
ANADARKO PETROLEUM CAPITAL TRUST I
THIS DECLARATION OF TRUST is made as of February 9, 2001 (this
"Declaration"), by and among Anadarko Petroleum Corporation, a Delaware
corporation, as sponsor (the "Sponsor"), Xxxxxx X. Xxxxxx, X. X. Xxxxxxxx,
Xxxxxxx Xxxxx and The Bank of New York (Delaware), not in their individual
capacities but solely as trustees (the "Trustees"). The Sponsor and the Trustees
hereby agree as follows:
1. The trust created hereby shall be known as "Anadarko Petroleum
Capital Trust I" (the "Trust"), in which name the Trustees or the Sponsor, to
the extent provided herein, may conduct the business of the Trust, make and
execute contracts, and sue and be sued.
2. The Sponsor hereby assigns, transfers, conveys and sets over to the
Trust the sum of $10. Such amount shall constitute the initial trust estate. It
is the intention of the parties hereto that the Trust created hereby constitutes
a business trust under Chapter 38 of Title 12 of the Delaware Code, 12 Del. C.,
Section 3801, et seq. (the "Business Trust Act"), and that this document
constitutes the governing instrument of the Trust. The Trustees are hereby
authorized and directed to execute and file a certificate of trust with the
Delaware Secretary of State in such form as the Trustees may approve.
3. The Sponsor and the Trustees will enter into an amended and restated
Trust Agreement or Declaration satisfactory to each such party to provide for
the contemplated operation of the Trust created hereby and the issuance of the
Preferred Securities and Common Securities referred to therein. Prior to the
execution and delivery of such amended and restated Trust Agreement or
Declaration, the Trustees shall not have any duty or obligation hereunder or
with respect of the trust estate, except as otherwise required by applicable law
or as may be necessary to obtain prior to such execution and delivery any
licenses, consents or approvals required by applicable law or otherwise.
Notwithstanding the foregoing, the Trustees may take all actions deemed proper
as are necessary to effect the transactions contemplated herein.
4. The Sponsor is hereby authorized, in its sole discretion, (i) to
file with the Securities and Exchange Commission (the "Commission") and to
execute, in the case of the 1933 Act Registration Statement and 1934 Act
Registration Statement (as herein defined), on behalf of the Trust, (a) the 1933
Act Registration Statement, including pre-effective or post-effective amendments
to such Registration Statement, relating to the registration under the
Securities Act of 1993, as amended (the "1993 Act"), of the Preferred Securities
of the Trust, (b) any preliminary prospectus or prospectus or supplement thereto
relating to the Preferred Securities required to be filed under the 1933 Act,
and (c) if required, a Registration Statement on Form 8-A or other appropriate
form (the "1934 Act Registration Statement") (including all
pre-effective and post-effective amendments thereto) relating to the
registration of the Preferred Securities of the Trust under the Securities
Exchange Act of 1934, as amended; (ii) to file with the New York Stock Exchange
or any other exchange (collectively, the "Exchange") and execute on behalf of
the Trust a listing application and all other applications, statements,
certificates, agreements and other instruments as shall be necessary or
desirable to cause the Preferred Securities to be listed on the Exchange; (iii)
to file and execute on behalf of the Trust such applications, reports, surety
bonds, irrevocable consents, appointments of attorney for service of process and
other papers and documents as shall be necessary or desirable to register the
Preferred Securities under the securities or "Blue Sky" laws of such
jurisdictions as the Sponsor, on behalf of the Trust, may deem necessary or
desirable; (iv) to execute, deliver and perform on behalf of the Trust, an
underwriting agreement with the Sponsor and the underwriter or underwriters of
the Preferred Securities of the Trust; (v) to execute, deliver and perform a
depository agreement with the initial clearing agency, relating to the Preferred
Securities; and (vi) to apply for and obtain a tax identification number for the
Trust.
In the event that any filing referred to in this Section 4 is required
by the rules and regulations of the Commission, PORTAL or state securities or
Blue Sky laws to be executed on behalf of the Trust by the Trustees, the
Trustees, in their capacities as trustees of the Trust, are hereby authorized
and directed to join in any such filing and to execute on behalf of the Trust
any and all of the foregoing, it being understood that Xxxxxx X. Xxxxxx, X. X.
Xxxxxxxx, Xxxxxxx Xxxxx and The Bank of New York (Delaware), in their capacity
as trustees of the Trust, shall not be required to join in any such filing or
execute on behalf of the Trust any such document unless required by the rules
and regulations of the Commissions, PORTAL or state securities or Blue Sky laws.
In connection with all of the foregoing, the Sponsor hereby constitutes and
appoints Xxxxxx X. Xxxxxxx, Xx., Xxxxxxx Xxxxx, and Xxxxxxx X. Xxxx, and each of
them, as its true and lawful attorney-in-fact and agent, with full power of
substitution and resubstitution for the Sponsor or in the Sponsor's name, place
and stead, in any and all capacities, to sign any and all amendments (including
all pre-effective and post-effective amendments) to the 1933 Act Registration
Statement and any 1934 Act Registration Statement and to file the same, with all
exhibits thereto, and any other documents in connection therewith, with the
Commission, granting unto said attorney-in-fact and agent full power and
authority to do and perform each and every act and thing requisite and necessary
to be done in connection therewith, as fully to all intents and purposes as the
Sponsor might or could do in person, hereby ratifying and confirming all that
said attorney-in-fact and agent or his respective substitute or substitutes,
shall do or cause to be done by virtue hereof.
5. This Declaration may be executed in one or more counterparts.
6. The number of trustees of the Trust initially shall be four (4) and
thereafter the number of trustees of the Trust shall be such number as shall be
fixed from time to time by a written instrument signed by the Sponsor which may
increase or decrease the number of trustees of the Trust; provided, however,
that the number of trustees shall in no event be less than two (2); provided,
further, that to the extent required by the Business Trust Act, one trustee of
the Trust shall either be a natural person who is a resident of the State of
Delaware or, if not a natural person, an entity which has its principal place of
business in the State of Delaware. Subject to the foregoing, the Sponsor is
entitled to appoint or remove without cause any trustee
of the Trust at any time. Any trustee of the Trust may resign upon thirty (30)
days' prior notice to the Sponsor.
7. This Declaration shall be governed by, and construed in accordance
with, the laws of the State of Delaware.
IN WITNESS WHEREOF, the parties hereto have caused this Declaration to
be duly executed as of the day and year first above written.
By: /s/ Xxxxxx X. Xxxxxx
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Xxxxxx X. Xxxxxx
as Administrative Trustee
By: /s/ X. X. Xxxxxxxx
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X. X. Xxxxxxxx
as Administrative Trustee
By: /s/ Xxxxxxx Xxxxx
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Xxxxxxx Xxxxx
as Administrative Trustee
THE BANK OF NEW YORK (DELAWARE)
not in its individual capacity but
solely as a trustee of the Trust
By: /s/ Xxxxxxx Xxxxxxx
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Name: Xxxxxxx Xxxxxxx
Title: Senior Vice President
ANADARKO PETROLEUM CORPORATION,
as Sponsor
By: /s/ Xxxxxxx Xxxxx
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Name: Xxxxxxx Xxxxx
Title: Corporate Secretary
