EXHIBIT 25.1
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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)
BANK OF MONTREAL TRUST COMPANY
(EXACT NAME OF TRUSTEE AS SPECIFIED IN ITS CHARTER)
New York 00-0000000
(JURISDICTION OF INCORPORATION OR ORGANIZATION (I.R.S. EMPLOYER
IF NOT A U.S. NATIONAL BANK) IDENTIFICATION NO.)
00 Xxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES) (ZIP CODE)
Xxxx X. XxXxxxxxxx
Bank of Montreal Trust Company
00 Xxxx Xxxxxx, Xxx Xxxx, XX 00000
(000) 000-0000
(NAME, ADDRESS AND TELEPHONE NUMBER OF AGENT FOR SERVICE)
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Hearst-Argyle Television, Inc.
(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)
000 Xxxxxxx Xxxxxx
Xxx Xxxx, Xxx Xxxx 00000
(ADDRESS OF PRINCIPAL EXECUTIVE OFFICES)
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% Senior Notes due 2007
% Senior Notes due 2027
(TITLE OF THE INDENTURE SECURITIES)
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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.
Federal Reserve Bank of New York
00 Xxxxxxx Xxxxxx, Xxx Xxxx N.Y. 00000
Xxxxx xx Xxx Xxxx Banking Department
0 Xxxxxx Xxxxxx, Xxx Xxxx, X.X. 00000
(b) Whether it is authorized to exercise corporate trust powers.
The Trustee is authorized to exercise corporate trust powers.
ITEM 2. AFFILIATIONS WITH THE OBLIGOR.
If the obligor is an affiliate of the trustee, describe each such
affiliation.
The obligor is not an affiliate of the trustee.
ITEM 16. LIST OF EXHIBITS.
List below all exhibits filed as part of this statement of eligibility.
1. Copy of Organization Certificate of Bank of Montreal Trust Company to
transact business and exercise corporate trust powers; incorporated herein
by reference as Exhibit "A" filed with Form T-1 Statement, Registration No.
33-46118.
2. Copy of the existing By-Laws of Bank of Montreal Trust Company;
incorporated herein by reference as Exhibit "B" filed with Form T-1
Statement, Registration No. 33-80928.
3. The consent of the Trustee required by Section 321(b) of the Act;
incorporated herein by reference as Exhibit "C" with Form T-1 Statement,
Registration No. 33-46118.
4. A copy of the latest report of condition of Bank of Montreal Trust Company
published pursuant to law or the requirements of its supervising or
examining authority, attached hereto as Exhibit "D".
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee,
Bank of Montreal Trust Company, a corporation organized and existing under the
laws of the State of New York, has duly caused this statement of eligibility
to be signed on its behalf by the undersigned, thereunto duly authorized, all
in the City of New York, and State of New York, on the 16th day of October,
1997.
BANK OF MONTREAL TRUST COMPANY
/s/ Xxx X. Xxxxxxx
By: _________________________________
Xxx X. Xxxxxxx Vice President
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EXHIBIT "D"
STATEMENT OF CONDITION
BANK OF MONTREAL TRUST COMPANY
NEW YORK
ASSETS
Due From Banks..................................................... $ 594,897
Investment Securities:
State & Municipal................................................ 17,099,800
Other............................................................ 100
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TOTAL SECURITIES............................................... 17,099,900
Loans and Advances
Federal Funds Sold............................................... 2,000,000
Overdrafts....................................................... 17,218
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TOTAL LOANS AND ADVANCES....................................... 2,017,218
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Investment in Xxxxxx Trust, NY..................................... 8,036,150
Premises and Equipment............................................. 122,818
Other Assets 2,721,789............................................. 10,880,757
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TOTAL ASSETS................................................... $30,592,772
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LIABILITIES
Trust Deposits..................................................... $ 6,408,362
Other Liabilities.................................................. 659,021
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TOTAL LIABILITIES.............................................. 7,067,383
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CAPITAL ACCOUNTS
Capital Stock, Authorized, Issued and
Fully Paid--10,000 Shares of $100 Each............................ 1,000,000
Surplus............................................................ 4,222,188
Retained Earnings.................................................. 18,298,208
Equity--Municipal Gain/Loss........................................ 4,993
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TOTAL CAPITAL ACCOUNTS......................................... 23,525,389
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TOTAL LIABILITIES
AND CAPITAL ACCOUNTS........................................... $30,592,772
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I, Xxxx X. XxXxxxxxxx, Vice President, of the above-named bank do hereby
declare that this Report of Condition is true and correct to the best of my
knowledge and belief.
Xxxx X. XxXxxxxxxx
June 30, 1997
We, the undersigned directors, attest to the correctness of this statement
of resources and liabilities. We declared that it has been examined by us, and
to the best of our knowledge and belief has been prepared in conformance with
the instructions and is true and correct.
Xxxxxx Xxxxxx
Xxxxx X. Xxxxxx
Xxxxxx X. Xxxxxxxxx
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