EX-25.1 5 tv530862_ex25-1.htm EXHIBIT 25.1

 

EXHIBIT 25.1

 

 

securities and exchange commission

Washington, D.C. 20549

 

 

 

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)(2)

_______________________________________________________

 

U.S. BANK NATIONAL ASSOCIATION

(Exact name of Trustee as specified in its charter)

 

31-0841368

I.R.S. Employer Identification No.

 

800 Nicollet Mall
Minneapolis, Minnesota		 55402
(Address of principal executive offices) (Zip Code)

 

Joshua A. Hahn

U.S. Bank National Association

60 Livingston Avenue

St. Paul, MN 55107

(651) 466-6309

(Name, address and telephone number of agent for service)

 

Canterbury Park Holding Corporation

(Issuer with respect to the Securities)

Minnesota 47-5349765
(State or other jurisdiction of incorporation or organization) (I.R.S. Employer Identification No.)
   

 

1100 Canterbury Road

Shakopee, MN

 55379
(Address of Principal Executive Offices) (Zip Code)

 

Debt Securities

(Title of the Indenture Securities)

 

 

 

 

FORM T-1

 

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.

Comptroller of the Currency

Washington, D.C.

 

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

Yes

 

Item 2.AFFILIATIONS WITH OBLIGOR. If the obligor is an affiliate of the Trustee, describe each such affiliation.

None

 

Items 3-15Items 3-15 are not applicable because to the best of the Trustee's knowledge, the obligor is not in default under any Indenture for which the Trustee acts as Trustee.

 

Item 16.LIST OF EXHIBITS: List below all exhibits filed as a part of this statement of eligibility and qualification.

 

1.A copy of the Articles of Association of the Trustee.*

 

2.A copy of the certificate of authority of the Trustee to commence business, attached as Exhibit 2.

 

3.A copy of the certificate of authority of the Trustee to exercise corporate trust powers, attached as Exhibit 3.

 

4.A copy of the existing bylaws of the Trustee.**

 

5.A copy of each Indenture referred to in Item 4. Not applicable.

 

6.The consent of the Trustee required by Section 321(b) of the Trust Indenture Act of 1939, attached as Exhibit 6.

 

7.Report of Condition of the Trustee as of June 30, 2019 published pursuant to law or the requirements of its supervising or examining authority, attached as Exhibit 7.

 

* Incorporated by reference to Exhibit 25.1 to Amendment No. 2 to registration statement on S-4, Registration Number 333-128217 filed on November 15, 2005.

 

** Incorporated by reference to Exhibit 25.1 to registration statement on form S-3ASR, Registration Number 333-199863 filed on November 5, 2014.

 

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SIGNATURE

 

Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the Trustee, U.S. BANK NATIONAL ASSOCIATION, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility and qualification to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of St. Paul, State of Minnesota on the 9th of October, 2019.

 

By:  /s/ Joshua A. Hahn
   Joshua A. Hahn
   Vice President

 

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Exhibit 2

 

  

Office of the Comptroller of the Currency 

Washington, DC 20219

 

CERTIFICATE OF CORPORATE EXISTENCE

 

I, Joseph Otting, Comptroller of the Currency, do hereby certify that:

 

1.  The Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.

 

2.  “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), is a national banking association formed under the laws of the United States and is authorized thereunder to transact the business of banking on the date of this certificate.

 

IN TESTIMONY WHEREOF, today,

 

December 6, 2018, I have hereunto

 

subscribed my name and caused my seal

 

of office to be affixed to these presents at

 

the U.S. Department of the Treasury, in

 

the City of Washington, District of

 

Columbia

 

  /s/ Joseph Otting
  Comptroller of the Currency

 

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Exhibit 3

 

  

Office of the Comptroller of the Currency 

Washington, DC 20219

 

CERTIFICATION OF FIDUCIARY POWERS

 

I, Joseph Otting, Comptroller of the Currency, do hereby certify that:

 

1.  The Office of the Comptroller of the Currency, pursuant to Revised Statutes 324, et seq, as amended, and 12 USC 1, et seq, as amended, has possession, custody, and control of all records pertaining to the chartering, regulation, and supervision of all national banking associations.

 

2.  “U.S. Bank National Association,” Cincinnati, Ohio (Charter No. 24), was granted, under the hand and seal of the Comptroller, the right to act in all fiduciary capacities authorized under the provisions of the Act of Congress approved September 28, 1962, 76 Stat. 668, 12 USC 92a, and that the authority so granted remains in full force and effect on the date of this certificate.

 

IN TESTIMONY WHEREOF, today,

 

December 6, 2018, I have hereunto

 

subscribed my name and caused my seal of

 

office to be affixed to these presents at the

 

U.S. Department of the Treasury, in the City

 

of Washington, District of Columbia.

 

  /s/ Joseph Otting
  Comptroller of the Currency

 

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Exhibit 6

 

CONSENT

 

In accordance with Section 321(b) of the Trust Indenture Act of 1939, the undersigned, U.S. BANK NATIONAL ASSOCIATION hereby consents that reports of examination of the undersigned by Federal, State, Territorial or District authorities may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.

 

Dated: October 9, 2019

 

By: /s/ Joshua A. Hahn
  Joshua A. Hahn
  Vice President

 

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Exhibit 7

 

U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2019

 

($000’s)

 

   6/30/2019 
Assets    
Cash and Balances Due From Depository Institutions  $16,768,518 
Securities   114,813,521 
Federal Funds   3,737,619 
Loans & Lease Financing Receivables   291,749,748 
Fixed Assets   5,722,368 
Intangible Assets   12,794,810 
Other Assets   27,551,585 
Total Assets  $473,138,169 
      
Liabilities     
Deposits  $364,531,324 
Fed Funds   1,527,877 
Treasury Demand Notes   0 
Trading Liabilities   639,668 
Other Borrowed Money   37,212,247 
Acceptances   0 
Subordinated Notes and Debentures   3,800,000 
Other Liabilities   15,595,326 
Total Liabilities  $423,306,442 
      
Equity     
Common and Preferred Stock   18,200 
Surplus   14,266,915 
Undivided Profits   34,749,861 
Minority Interest in Subsidiaries   796,751 
Total Equity Capital  $49,831,727 
      
Total Liabilities and Equity Capital  $473,138,169 

 

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