EXHIBIT 1.1
ADVISOR'S DISCIPLINED TRUST, SERIES 16
TRUST AGREEMENT
Dated: September 9, 2004
This Trust Agreement among Fixed Income Securities, L.P., as Depositor,
Evaluator and Supervisor, and The Bank of New York, as Trustee, sets forth
certain provisions in full and incorporates other provisions by reference to the
document entitled "Standard Terms and Conditions of Trust For Advisor's
Disciplined Trust, Effective for Unit Investment Trusts Investing in Equity
Securities Established On and After August 5, 2004 (Including Advisor's
Disciplined Trust, Series 13 and Subsequent Series)" (the "Standard Terms and
Conditions of Trust") and such provisions as are set forth in full and such
provisions as are incorporated by reference constitute a single instrument. All
references herein to Articles and Sections are to Articles and Sections of the
Standard Terms and Conditions of Trust.
WITNESSETH THAT:
In consideration of the premises and of the mutual agreements herein
contained, the Depositor, Trustee, Evaluator and Supervisor agree as follows:
PART I
STANDARD TERMS AND CONDITIONS OF TRUST
Subject to the provisions of Part II hereof, all the provisions contained
in the Standard Terms and Conditions of Trust are herein incorporated by
reference in their entirety and shall be deemed to be a part of this instrument
as fully and to the same extent as though said provisions had been set forth in
full in this instrument.
PART II
SPECIAL TERMS AND CONDITIONS OF TRUST
The following special terms and conditions are hereby agreed to:
1. The Securities listed in the Schedules hereto have been deposited in
trust under this Trust Agreement.
2. The fractional undivided interest in and ownership of the Trust
represented by each Unit thereof is a fractional amount, the numerator of which
is one and the denominator of which is the amount set forth under "Understanding
Your Investment-Statement of Financial Condition_Number of Units" in the
Prospectus for the Trust.
3. The aggregate number of Units described in Section 2.03(a) for the Trust
is that number of Units set forth under "Understanding Your Investment-Statement
of Financial Condition_Number of Units" in the Prospectus for the Trust.
4. The term "Deferred Sales Charge Payment Dates" shall mean the dates
specified for deferred sales fee installments under "Investment Summary-Fees and
Expenses" in the Prospectus for the Trust.
5. The term "Distribution Date" shall mean the "Distribution Dates" set
forth under "Investment Summary-Essential Information" in the Prospectus for the
Trust.
6. The term "Record Date" shall mean the "Record Dates" set forth under
"Investment Summary-Essential Information" in the Prospectus for the Trust.
7. The Depositor's annual compensation as set forth under Section 3.13
shall be that dollar amount per 100 Units set forth under "Investment
Summary-Fees and Expenses-Annual operating expenses-Supervisory, evaluation and
administration fees" in the Prospectus for the Trust.
8. The Trustee's annual compensation as set forth under Section 7.04, shall
be $0.0095 per Unit.
9. The first paragraph of Section 3.11 shall be replaced in its entirety by
the following:
Section 3.11. Notice to Depositor. In the event that the Trustee shall have
been notified at any time of any action to be taken or proposed to be taken
by holders of the Securities (including but not limited to the making of
any demand, direction, request, giving of any notice, consent or waiver or
the voting with respect to any matter relating to the Securities), the
Trustee shall promptly notify the Depositor and shall thereupon take such
action or refrain from taking any action with respect to the Equity
Securities so as to insure that the Equity Securities are voted as closely
as possible in the same manner and the same general proportion, with
respect to all issues, as are shares of such Equity Securities that are
held by owners other than the Trust.
-2-
In Witness Whereof, the undersigned have caused this Trust Agreement to be
executed; all as of the day, month and year first above written.
FIXED INCOME SECURITIES, L.P.
By /s/ XXXX X. XXXXXXXX
------------------------------
Managing Director
CORPORATE ACKNOWLEDGMENT
STATE OF KANSAS }
}ss.
COUNTY OF SEDGWICK }
On the 9th day of September in the year 2004, before me personally came
Xxxx X. Xxxxxxxx, to me known, who, being by me duly sworn, did depose and say
that he resides in Wichita, Kansas; that he is Managing Director, of Fixed
Income Securities, L.P., the limited partnership described in and which executed
the above instrument; and that he signed his name thereto by authority of the
general partner of said limited partnership.
/s/ XXXXXXX X. XXXXX
--------------------------------
Notary Public
(Notarial Seal)
RPL Section 309 - Corporate-no seal
THE BANK OF NEW YORK
By /s/ XXXXX GUGLIERMO
--------------------------------
Vice President
CORPORATE ACKNOWLEDGMENT
STATE OF NEW YORK }
}ss.
COUNTY OF KINGS }
On the 9th day of September in the year 2004, before me personally came
Xxxxx Xxxxxxxxx to me known, who, being by me duly sworn, did depose and say
that she resides in Brooklyn, New York; that she is a Vice President of The Bank
of New York, the company described in and which executed the above instrument;
and that he signed her name thereto by authority of the board of directors of
said company.
/s/
--------------------------------
Notary Public
(Notarial Seal)
RPL Section 309 - Corporate-no seal
-2-
SCHEDULE A TO TRUST AGREEMENT
SECURITIES INITIALLY DEPOSITED
IN
ADVISOR'S DISCIPLINED TRUST, SERIES 16
Incorporated herein by this reference and made a part hereof
is the schedule set forth under "Portfolio" in the Prospectus for the Trust.
