EX-25.1 10 g87789exv25w1.htm FORM T-1 Form T-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) ________

JPMORGAN CHASE BANK
(Exact name of trustee as specified in its charter)

     
New York
(State of incorporation
if not a national bank) 		  13-4994650
(I.R.S. employer
identification No.)
     
270 Park Avenue
New York, New York
(Address of principal executive offices) 		  10017
(Zip Code)

William H. McDavid
General Counsel
270 Park Avenue
New York, New York 10017
Tel: (212) 270-2611
(Name, address and telephone number of agent for service)

CSX Corporation
(Exact name of obligor as specified in its charter)

     
Virginia
(State or other jurisdiction of
incorporation or organization) 		  62-1051971
(I.R.S. employer
identification No.)
     
500 Water Street, 15th Floor
Jacksonville, FL
(Address of principal executive offices) 		  32202
(Zip Code)

________________________________________

Debt Securities
(Title of the indenture securities)

 

 

GENERAL

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.

     New York State Banking Department, State House, Albany, New York 12110.

     Board of Governors of the Federal Reserve System, Washington, D.C., 20551

     Federal Reserve Bank of New York, District No. 2, 33 Liberty Street, New York, N.Y.

     Federal Deposit Insurance Corporation, Washington, D.C., 20429.

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

     Yes.

Item 2. Affiliations with the Obligor and Guarantors.

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

     None.

2

 

Item 16. List of Exhibits

     List below all exhibits filed as a part of this Statement of Eligibility.

     1. A copy of the Restated Organization Certificate of the Trustee dated March 25, 1997 and the Certificate of Amendment dated October 22, 2001 (see Exhibit 1 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference).

     2. A copy of the Certificate of Authority of the Trustee to Commence Business (see Exhibit 2 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001 in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

     3. None, authorization to exercise corporate trust powers being contained in the documents identified above as Exhibits 1 and 2.

     4. A copy of the existing By-Laws of the Trustee (see Exhibit 4 to Form T-1 filed in connection with Registration Statement No. 333-76894, which is incorporated by reference).

     5. Not applicable.

     6. The consent of the Trustee required by Section 321(b) of the Act (see Exhibit 6 to Form T-1 filed in connection with Registration Statement No. 33-50010, which is incorporated by reference). On November 11, 2001, in connection with the merger of The Chase Manhattan Bank and Morgan Guaranty Trust Company of New York, the surviving corporation was renamed JPMorgan Chase Bank.

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

     8. Not applicable.

     9. Not applicable.

SIGNATURE

     Pursuant to the requirements of the Trust Indenture Act of 1939 the Trustee, JPMorgan Chase Bank, 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 9th day of March, 2004.
         
  JPMORGAN CHASE BANK
 		  
  By /s/ William G. Keenan    
  William G. Keenan   
  Vice President   
 

3

 

Exhibit 7 to Form T-1

Bank Call Notice

RESERVE DISTRICT NO. 2
CONSOLIDATED REPORT OF CONDITION OF

JPMorgan Chase Bank
of 270 Park Avenue, New York, New York 10017
and Foreign and Domestic Subsidiaries,
a member of the Federal Reserve System,

at the close of business December 31, 2003, in
accordance with a call made by the Federal Reserve Bank of this
District pursuant to the provisions of the Federal Reserve Act.

         
    Dollar Amounts
    in Millions
ASSETS
        
 
        
Cash and balances due from depository institutions:
        
Noninterest-bearing balances and currency and coin
  $ 19,429  
Interest-bearing balances
    9,602  
Securities:
        
Held to maturity securities
     176  
Available for sale securities
     53,625  
Federal funds sold and securities purchased under agreements to resell
Federal funds sold in domestic offices
     26,067  
Securities purchased under agreements to resell
     80,099  
Loans and lease financing receivables:
        
Loans and leases held for sale
     20,359  
Loans and leases, net of unearned income
   $ 163,864  
Less: Allowance for loan and lease losses
     3,151  
Loans and leases, net of unearned income and allowance
    160,713  
Trading Assets
    197,197  
Premises and fixed assets (including capitalized leases)
     6,010  
Other real estate owned
    128  
Investments in unconsolidated subsidiaries and associated companies
     828  
Customers’ liability to this bank on acceptances outstanding
    225  
Intangible assets
       
Goodwill
     2,315  
Other Intangible assets
     4,997  
Other assets
    46,892  
TOTAL ASSETS
  $ 628,662  
 
    
 		  

 

 

         
    Dollar Amounts
    in Millions
LIABILITIES
        
 
        
Deposits
        
In domestic offices
  $ 190,249  
Noninterest-bearing
  $ 74,112  
Interest-bearing
    116,137  
In foreign offices, Edge and Agreement subsidiaries and IBF’s
    136,496  
Noninterest-bearing
   $ 6,355  
Interest-bearing
    130,141  
Federal funds purchased and securities sold under agreements to repurchase:
        
Federal funds purchased in domestic offices
     4,639  
Securities sold under agreements to repurchase
     71,995  
Trading liabilities
    128,738  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
     23,496  
Bank’s liability on acceptances executed and outstanding
     225  
Subordinated notes and debentures
    8,028  
Other liabilities
    26,985  
TOTAL LIABILITIES
    590,851  
Minority Interest in consolidated subsidiaries
    320  
 
        
EQUITY CAPITAL
        
 
        
Perpetual preferred stock and related surplus
     0  
Common stock
    1,785  
Surplus (exclude all surplus related to preferred stock)
     16,318  
Retained earnings
     19,590  
Accumulated other comprehensive income
     (202 )
Other equity capital components
     0  
TOTAL EQUITY CAPITAL
    37,491  
 
    
 		  
TOTAL LIABILITIES, MINORITY INTEREST, AND EQUITY CAPITAL
   $ 628,662  
 
    
 		  
                 
I, Joseph L. Sclafani, E.V.P. & Controller of the above-named bank, do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.
                
 
                
JOSEPH L. SCLAFANI
                
 
                
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 in- structions issued by the appropriate Federal regulatory authority and is true and correct.
                
 
                
  WILLIAM B. HARRISON JR.     )      
  WILLIAM H. GRAY, III     )     DIRECTORS
  HELENE L. KAPLAN     )