EX-25.1 10 y02378exv25w1.htm EX-25.1 exv25w1
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)
Richard Prokosch
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3918
(Name, address and telephone number of agent for service)
RAILAMERICA, INC.
(Issuer with respect to the Securities)
     
Delaware   65-0328006
 
(State or other jurisdiction of incorporation or organization)   (I.R.S. Employer Identification No.)
     
7411 Fullerton Street    
Suite 300    
Jacksonville, Florida   32256
 
(Address of Principal Executive Offices)   (Zip Code)
9.25% Senior Secured Notes Due 2017
(Title of the Indenture Securities)
 
 

 

 

 
TABLE OF ADDITIONAL REGISTRANTS
 
                     
    State or Other
 		  Primary Standard
 		       
    Jurisdiction of
 		  Industrial
 		    I.R.S. Employer
 		 
    Incorporation or
 		  Classification Code
 		    Identification
 		 
Name of Additional Registrant*
  Formation   Number     Number  
 
A. & R. Line, Inc. 
  Indiana     4011       35-1952789  
Alabama & Gulf Coast Railway LLC
  Delaware     4011       75-2714522  
Arizona & California Railroad Company
  Delaware     4011       35-2165912  
Bauxite & Northern Railway Company
  Arkansas     4011       25-6000153  
California Northern Railroad Company
  Delaware     4011       30-0066967  
Cascade and Columbia River Railroad Company
  Delaware     4011       91-1734603  
Central Oregon & Pacific Railroad, Inc. 
  Delaware     4011       93-1151074  
The Central Railroad Company of Indiana
  Indiana     4011       35-1824902  
Central Railroad Company of Indianapolis
  Indiana     4011       35-1768799  
Connecticut Southern Railroad, Inc. 
  Delaware     4011       03-0353222  
Dallas, Garland & Northeastern Railroad, Inc. 
  Texas     4011       75-2410681  
Eastern Alabama Railway, LLC
  Alabama     4011       63-1064122  
Huron and Eastern Railway Company, Inc. 
  Michigan     4011       38-2655990  
Indiana & Ohio Rail Corp. 
  Delaware     4011       74-2862101  
Indiana & Ohio Railway Company
  Delaware     4011       74-2862102  
Indiana Southern Railroad, LLC
  Delaware     4011       74-2932611  
Kiamichi Railroad Company, L.L.C. 
  Delaware     4011       73-1481038  
Kyle Railroad Company
  Kansas     4011       94-2802283  
Kyle Railways, LLC
  Delaware     4011       94-2279537  
The Massena Terminal Railroad Company
  New York     4011       25-6002068  
Mid-Michigan Railroad, Inc. 
  Michigan     4011       31-1224037  
Missouri & Northern Arkansas Railroad Company, Inc. 
  Kansas     4011       43-1624703  
New England Central Railroad, Inc. 
  Delaware     4011       03-0344030  
New StatesRail Holdings, LLC
  Delaware     4011       46-0486784  
North Carolina & Virginia Railroad Company, LLC
  Virginia     4011       74-2932608  
Otter Tail Valley Railroad Company, Inc. 
  Minnesota     4011       41-1565408  
Palm Beach Rail Holding, Inc. 
  Delaware     4011       65-0979476  
Point Comfort & Northern Railway Company
  Texas     4011       25-6002553  
Puget Sound & Pacific Railroad
  Delaware     4011       32-0010360  
RailAmerica Operations Shared Services, Inc., f/k/a American Rail Dispatching Center, Inc. 
  Delaware     4011       68-0574072  
RailAmerica Operations Support Group, Inc. f/k/a Rail Operating Support Group, Inc. 
  Delaware     4011       65-0797247  
RailAmerica Contract Switching Services, Inc. 
  Delaware     4011       26-3586634  
RailAmerica Equipment Corp. 
  Delaware     4011       65-0622013  
RailAmerica Intermodal Services, Inc. 
  Delaware     4011       65-0553260  
RailAmerica Transportation Corp. 
  Delaware     4011       65-0979478  
RailTex, Inc. 
  Texas     4011       74-1948121  
Rockdale, Sandow & Southern Railroad Company
  Texas     4011       25-6004106  
San Diego & Imperial Valley Railroad Company, Inc. 
  California     4011       74-2332456  
San Joaquin Valley Railroad Co. 
  California     4011       93-1073083  
San Pedro Trails, Inc. 
  Arizona     4011       42-1544984  
South Carolina Central Railroad Company, LLC
  South Carolina     4011       57-0856173  
South East Rail, Inc. 
  Delaware     4011       62-1583702  
StatesRail II Railroad, LLC
  Delaware     4011       02-0530889  
StatesRail, LLC
  Delaware     4011       52-2353564  
Toledo, Peoria & Western Railway Corp. 
  Delaware     4011       22-2959560  
Ventura County Railroad Company
  Delaware     4011       77-0495102  
 
 
* Addresses and telephone numbers of principal executive offices are the same as those of RailAmerica, Inc. described above.

2

 

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 3-15   Items 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.*
 
  3.   A copy of the certificate of authority of the Trustee to exercise corporate trust powers.*
 
  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, 2009 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 S-4, Registration Number 333-159463 filed on August 21, 2009.

3

 

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 15th of October, 2009.
         
     
  By:   /s/ Richard Prokosch    
    Richard Prokosch   
    Vice President   
 
         
By:
  /s/ Raymond Haverstock    
 
       
 
  Raymond Haverstock    
 
  Vice President    

4

 

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 15, 2009
         
     
  By:   /s/ Richard Prokosch    
    Richard Prokosch   
    Vice President   
 
         
By:
  /s/ Raymond Haverstock    
 
       
 
  Raymond Haverstock    
 
  Vice President    

5

 

Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2009
($000’s)
         
    6/30/2009  
Assets
        
Cash and Balances Due From Depository Institutions
   $ 6,526,915  
Securities
     38,971,863  
Federal Funds
     3,558,381  
Loans & Lease Financing Receivables
     180,342,925  
Fixed Assets
     4,176,818  
Intangible Assets
     12,451,763  
Other Assets
     14,416,029  
 
      
Total Assets
   $ 260,444,694  
 
        
Liabilities
        
Deposits
   $ 174,406,310  
Fed Funds
     11,988,123  
Treasury Demand Notes
     0  
Trading Liabilities
     385,470  
Other Borrowed Money
     34,999,265  
Acceptances
     0  
Subordinated Notes and Debentures
     7,779,967  
Other Liabilities
     6,530,991  
 
      
Total Liabilities
   $ 236,090,126  
 
        
Equity
        
Minority Interest in Subsidiaries
   $ 1,647,451  
Common and Preferred Stock
     18,200  
Surplus
     12,642,020  
Undivided Profits
     10,046,897  
 
      
Total Equity Capital
   $ 24,354,568  
 
        
Total Liabilities and Equity Capital
   $ 260,444,694  
 
To the best of the undersigned’s determination, as of the date hereof, the above financial information is true and correct.
U.S. Bank National Association
         
By:
  /s/ Richard Prokosch    
 
       
 
  Vice President    
Date: October 15, 2009

6