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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) ____
XXXXXX TRUST AND SAVINGS BANK
(EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)
Illinois 00-0000000
(JURISDICTION OF INCORPORATION OR ORGANIZATION (I.R.S. EMPLOYER
IF NOT A U.S. NATIONAL BANK) IDENTIFICATION NO.)
000 Xxxx Xxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Xxxx X. XxXxxxxxxx
Xxxxxx Trust and Savings Bank
000 Xxxx Xxxxxx Xxxxxx, Xxxxxxx, Xxxxxxxx
(000) 000-0000
(NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)
____________________________________
THE COASTAL CORPORATION
(EXACT NAME OF OBLIGOR AS SPECIFIED IN ITS CHARTER)
DELAWARE 00-0000000
(STATE OR OTHER JURISDICTION OF (I.R.S. EMPLOYER
INCORPORATION OR ORGANIZATION) IDENTIFICATION NUMBER)
Coastal Tower
Nine Greenway Plaza
Houston, Texas 77046-0995
______________________________________
_____ NOTES DUE_____
(TITLE OF THE INDENTURE SECURITIES)
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________________________________________________________________________________
- 2 -
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.
Commissioner of Banks and Trust Companies, State of Illinois,
Springfield, Illinois; Chicago Clearing House Association, 000 Xxxx
Xxxxxxx Xxxxxxxxx, Xxxxxxx, Xxxxxxxx; Federal Deposit Insurance
Corporation, Washington, D.C.; The Board of Governors of the
Federal Reserve System, Washington, D.C.
(b) Whether it is authorized to exercise corporate trust powers.
Xxxxxx Trust and Savings Bank is authorized to exercise corporate
trust powers.
2. AFFILIATIONS WITH OBLIGOR.
If the Obligor is an affiliate of the Trustee, describe each such
affiliation.
The Obligor is not an affiliate of the Trustee.
3. through 15.
NO RESPONSE NECESSARY
16. LIST OF EXHIBITS.
1. A copy of the articles of association of the Trustee is now in effect
which includes the authority of the trustee to commence business and to
exercise corporate trust powers.
A copy of the Certificate of Merger dated April 1, 1972 between Xxxxxx
Trust and Savings Bank, HTS Bank and Xxxxxx Bankcorp, Inc. which
constitutes the articles of association of the Trustee as now in effect
and includes the authority of the Trustee to commence business and to
exercise corporate trust powers was filed in connection with the
Registration Statement of Louisville Gas and Electric Company, File No.
2-44295, and is incorporated herein by reference.
2. A copy of the existing by-laws of the Trustee.
A copy of the existing by-laws of the Trustee was filed in connection with
the Registration Statement of C-Cube Microsystems Inc., File No. 33-
97166, and is incorporated herein by reference.
3. The consents of the Trustee required by Section 321(b) of the Act.
(included as Exhibit A on page 3 of this statement)
4. A copy of the latest report of condition of the Trustee published
pursuant to law or the requirements of its supervising or examining
authority.
(included as Exhibit B on page 4 of this statement)
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939, the Trustee,
XXXXXX TRUST AND SAVINGS BANK, a corporation organized and existing under the
laws of the State of Illinois, has duly caused this statement of eligibility to
be signed on its behalf by the undersigned, thereunto duly authorized, all in
the City of Chicago, and State of Illinois, on the 13th day of January, 1998.
XXXXXX TRUST AND SAVINGS BANK
By: /s/ XXX XXXXXXX
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Xxx Xxxxxxx
Vice President
-3-
EXHIBIT A
The consents of the trustee required by Section 321(b) of the Act.
Xxxxxx Trust and Savings Bank, as the Trustee herein named, hereby consents that
reports of examinations of said trustee by Federal and State authorities may be
furnished by such authorities to the Securities and Exchange Commission upon
request therefor.
XXXXXX TRUST AND SAVINGS BANK
By: /s/ XXX XXXXXXX
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Xxx Xxxxxxx
Vice President
-4-
EXHIBIT B
Attached is a true and correct copy of the statement of condition of Xxxxxx
Trust and Savings Bank as of September 30, 1997, as published in accordance with
a call made by the State Banking Authority and by the Federal Reserve Bank of
the Seventh Reserve District.
[XXXXXX BANK LOGO APPEARS HERE]
Xxxxxx Trust and Savings Bank
000 Xxxx Xxxxxx Xxxxxx
Xxxxxxx, Xxxxxxxx 00000
of Chicago, Illinois, And Foreign and Domestic Subsidiaries, at the close of
business on September 30, 1997, a state banking institution organized and
operating under the banking laws of this State and a member of the Federal
Reserve System. Published in accordance with a call made by the Commissioner of
Banks and Trust Companies of the State of Illinois and by the Federal Reserve
Bank of this District.
Bank's Transit Number 00000000
THOUSANDS
ASSETS OF DOLLARS
Cash and balances due from depository institutions:
Non-interest bearing balances and currency and coin............... $ 1,188,709
Interest bearing balances......................................... $ 550,173
Securities:...................................................................
a. Held-to-maturity securities $ 0
b. Available-for-sale securities $ 3,685,983
Federal funds sold and securities purchased under agreements to resell $ 396,400
Loans and lease financing receivables:
Loans and leases, net of unearned income.......................... $ 8,401,048
LESS: Allowance for loan and lease losses........................ $ 107,180
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Loans and leases, net of unearned income, allowance, and reserve
(item 4.a minus 4.b).............................................. $ 8,293,868
Assets held in trading accounts............................................... $ 98,368
Premises and fixed assets (including capitalized leases)...................... $ 213,612
Other real estate owned....................................................... $ 778
Investments in unconsolidated subsidiaries and associated companies........... $ 86
Customer's liability to this bank on acceptances outstanding.................. $ 41,205
Intangible assets............................................................. $ 283,839
Other assets.................................................................. $ 603,886
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TOTAL ASSETS $15,356,907
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-5-
LIABILITIES
Deposits:
In domestic offices.................................................... $ 8,374,055
Non-interest bearing.............................................. $2,770,029
Interest bearing.................................................. $5,604,026
In foreign offices, Edge and Agreement subsidiaries, and IBF's......... $ 1,991,659
Non-interest bearing.............................................. $ 27,364
Interest bearing.................................................. $1,964,295
Federal funds purchased and securities sold under agreements to repurchase in
domestic offices of the bank and of its Edge and Agreement subsidiaries, and
in IBF's:
Federal funds purchased & securites sold under agreements to repurchase $ 2,549,328
Trading Liabilities 62,186
Other borrowed money:.........................................................
a. With remaining maturity of one year or less $ 630,911
b. With remaining maturity of more than one year $ 0
Bank's liability on acceptances executed and outstanding $ 41,205
Subordinated notes and debentures............................................. $ 325,000
Other liabilities............................................................. $ 132,188
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TOTAL LIABILITIES $14,106,532
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EQUITY CAPITAL
Common stock.................................................................. $ 100,000
Surplus....................................................................... $ 600,853
a. Undivided profits and capital reserves.................................... $ 553,257
b. Net unrealized holding gains (losses) on available-for-sale securities ($3,735)
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TOTAL EQUITY CAPITAL $ 1,250,375
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Total liabilities, limited-life preferred stock, and equity capital........... $15,356,907
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I, Xxxxxx Xxxxxxxxx, Vice President of the above-named bank, do hereby
declare that this Report of Condition has been prepared in conformance with the
instructions issued by the Board of Governors of the Federal Reserve System and
is true to the best of my knowledge and belief.
XXXXXX XXXXXXXXX
10/29/97
We, the undersigned directors, attest to the correctness of this Report of
Condition and 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
issued by the Board of Governors of the Federal Reserve System and the
Commissioner of Banks and Trust Companies of the State of Illinois and is true
and correct.
XXXXXX X. XXXXX,
XXXX X. XxXXXXX,
XXXXX X. XXXXXXX
Directors.
