EX-25.1 7 a08-4387_1ex25d1.htm EX-25.1

Exhibit 25.1

 

 

 

FORM T-1

 

UNITED STATES

 

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.  20549

 

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)           
o

 


 

THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.

(Exact name of trustee as specified in its charter)

 


(State of incorporation
if not a U.S. national bank)

 

95-3571558
(I.R.S. employer
identification no.)


700 South Flower Street
Suite 500

Los Angeles, California

(Address of principal executive offices)

 

90017
(Zip code)

 


 

Cornell Companies, Inc.

(Exact name of obligor as specified in its charter)

 

Delaware

(State or other jurisdiction of
incorporation or organization)

 

72-1509519

 (I.R.S. employer
identification no.)


 1700 West Loop South, Suite 1500

 Houston, Texas
 (Address of principal executive offices)

 



77027-0000

(Zip Code)

 

Senior Debt Securities

Subordinated Debt Securities

(Title of the indenture securities)

 


 

 

 



 

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.

 

 

Name

 

 

Address

 

Comptroller of the Currency

United States Department of the
Treasury

 

 

Washington, D.C. 20219

 


Federal Reserve Bank

 

 


San Francisco, California 94105

 


Federal Deposit Insurance Corporation

 




Washington, D.C. 20429

 

(b)                                  Whether it is authorized to exercise corporate trust powers.

 

Yes.

 

2.                                      Affiliations with Obligor.

 

If the obligor is an affiliate of the trustee, describe each such affiliation.

 

None.

 

3-15.       Not applicable.

 

16.                               List of Exhibits.

 

Exhibits identified in parentheses below, on file with the Commission, are incorporated herein by reference as an exhibit hereto, pursuant to Rule 7a-29 under the Trust Indenture Act of 1939 (the “Act”) and 17 C.F.R. 229.10(d).

 

1.

 

A copy of the articles of association of The Bank of New York Mellon Trust Company, N.A. (Exhibit 1 to Form T-1 filed with Registration Statement No. 333-121948).

 

 

 

2.

 

A copy of certificate of authority of the trustee to commence business. (Exhibit 2 to Form T-1 filed with Registration Statement No. 333-121948).

 

 

 

3.

 

A copy of the authorization of the trustee to exercise corporate trust powers. (Exhibit 3 to Form T-1 filed with Registration Statement No. 333-121948).

 

 

 

4.

 

A copy of the existing by-laws of the trustee. (Exhibit 4 to Form T-1 filed with Registration Statement No. 333-121948).

 

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6.

 

The consent of the trustee required by Section 321(b) of the Act.

 

 

 

7.

 

A copy of the latest report of condition of the Trustee published pursuant to law or to the requirements of its supervising or examining authority.

 

SIGNATURE

 

 

Pursuant to the requirements of the Act, the trustee, The Bank of New York Trust Company, N.A., a banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in The City of Houston, and State of Texas, on the 30th day of July, 2008.

 

 

THE BANK OF NEW YORK MELLON
TRUST COMPANY, N.A.

 

 

 

 

By:

/s/ Brian Echausse

 

Name:

Brian Echausse

 

Title:

Assistant Treasurer

 

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REPORT OF CONDITION

 

Consolidating domestic subsidiaries of

THE BANK OF NEW YORK TRUST COMPANY, NA

In the state of CA at close of business on March 31, 2008

published in response to call made by (Enter additional information below)

 

 

Statement of Resources and Liabilities

 

 

 

Dollar Amounts in Thousands

 

ASSETS

 

 

 

 

 

Cash and balances due from depository institutions:

 

 

 

 

 

Noninterest-bearing balances and currency and coin

 

 

 

2,130

 

Interest-bearing balances

 

 

 

0

 

Securities:

 

 

 

 

 

Held-to-maturity securities

 

 

 

32

 

Available-for-sale securities

 

 

 

297,195

 

Federal funds sold and securities purchased under agreements to resell:

 

 

 

 

 

Federal funds sold

 

 

 

11,700

 

Securities purchased under agreements to resell

 

 

 

65,000

 

Loans and lease financing receivables:

 

 

 

 

 

Loans and leases held for sale

 

 

 

0

 

Loans and leases, net of unearned income

 

0

 

 

 

LESS: Allowance for loan and lease losses

 

0

 

 

 

Loans and leases, net of unearned income and allowance

 

 

 

0

 

Trading Assets

 

 

 

0

 

Premises and fixed assets (including capitalized leases)

 

 

 

12,911

 

Other real estate owned

 

 

 

0

 

Investments in unconsolidated subsidiaries and associated companies

 

 

 

0

 

Intangible assets:

 

 

 

 

 

Goodwill

 

 

 

871,685

 

Other intangible assets

 

 

 

293,863

 

Other assets

 

 

 

151,030

 

Total assets

 

 

 

1,705,546

 

 

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REPORT OF CONDITION (Continued)

 

LIABILITIES

 

 

 

Dollar Amounts in Thousands

 

Deposits:

 

 

 

 

 

 

 

 

 

 

 

In domestic offices

 

 

 

1,187

 

Noninterest-bearing

 

1,187

 

 

 

Interest-bearing

 

0

 

 

 

Federal funds purchased and securities sold under agreements to repurchase:

 

 

 

 

 

Federal funds purchased

 

 

 

0

 

Securities sold under agreements to repurchase

 

 

 

0

 

Trading liabilities

 

 

 

0

 

Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)

 

 

 

218,691

 

Subordinated notes and debentures

 

 

 

0

 

Other liabilities

 

 

 

145,238

 

Total liabilities

 

 

 

365,116

 

Minority interest in consolidated subsidiaries

 

 

 

0

 

 

 

 

 

 

 

EQUITY CAPITAL

 

 

 

 

 

 

 

 

 

 

 

Perpetual preferred stock and related surplus

 

 

 

0

 

Common stock

 

 

 

1,000

 

Surplus (exclude all surplus related to preferred stock)

 

 

 

1,121,520

 

Retained earnings

 

 

 

214,719

 

Accumulated other comprehensive income

 

 

 

3,191

 

Other equity capital components

 

 

 

0

 

Total equity capital

 

 

 

1,340,430

 

Total liabilities, minority interest, and equity capital

 

 

 

1,705,546

 

 

We, the undersigned directors, attest to the correctness of this statement of resources and liabilities. We 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 and is true and correct.

I, Karen Bayz, Vice President /s/ Karen Bayz

(Name, Title)

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.

 

Director #1

Michael K. Klugman, President

/s/ Michael K. Klugman

 

 

Director #2

Frank Sulzberger, MD

/s/ Frank Sulzberger

 

 

Director #3

William D. Lindelof,VP

/s/ William D. Lindelof

 

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