EX-25.1 6 h49750orexv25w1.htm STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-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
(Address of principal executive offices) 		  55402
(Zip Code)
Raymond S. Haverstock
U.S. Bank National Association
60 Livingston Avenue
St. Paul, MN 55107
(651) 495-3909
(Name, address and telephone number of agent for service)
Stewart Enterprises, Inc.
(Issuer with respect to the Securities)
     
Louisiana
(State or other jurisdiction of incorporation or organization) 		  72-0693290
(I.R.S. Employer Identification No.)
     
1333 South Clearview Parkway Jefferson, Louisiana   70121
(Address of Principal Executive Offices)   (Zip Code)
3.125% Senior Convertible Notes Due 2014
3.125% Senior Convertible Notes Due 2016
(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 3-15   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, 2007 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 333-145601 filed on August 21, 2007.

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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 5th of September, 2007.
         
     
  By:   /s/ Raymond S. Haverstock    
    Raymond S. Haverstock   
    Vice President   
 
         
By:
  /s/ Richard Prokosch    
 
 
 
Richard Prokosch 		   
 
  Vice President    

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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: September 5th, 2007
         
     
  By:   /s/ Raymond S. Haverstock    
    Raymond S. Haverstock   
    Vice President   
 
         
By:
  /s/ Richard Prokosch    
 
 
 
Richard Prokosch 		   
 
  Vice President    

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Exhibit 7
U.S. Bank National Association
Statement of Financial Condition
As of 6/30/2007
($000’s)
         
    6/30/2007  
Assets
        
Cash and Due From Depository Institutions
   $ 6,570,622  
Securities
     38,972,163  
Federal Funds
     3,771,433  
Loans & Lease Financing Receivables
     144,255,624  
Fixed Assets
     2,389,792  
Intangible Assets
     12,181,700  
Other Assets
     12,884,541  
 
      
Total Assets
   $ 221,025,875  
 
        
Liabilities
        
Deposits
   $ 133,727,871  
Fed Funds
     11,750,444  
Treasury Demand Notes
     0  
Trading Liabilities
     241,301  
Other Borrowed Money
     38,213,977  
Acceptances
     0  
Subordinated Notes and Debentures
     7,697,466  
Other Liabilities
     7,434,860  
 
      
Total Liabilities
   $ 199,065,919  
 
        
Equity
        
Minority Interest in Subsidiaries
   $ 1,537,943  
Common and Preferred Stock
     18,200  
Surplus
     12,057,531  
Undivided Profits
     8,346,282  
 
      
Total Equity Capital
   $ 21,959,956  
 
        
Total Liabilities and Equity Capital
   $ 221,025,070  
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/ Raymond S. Haverstock    
 
 
 
Vice President 		   
Date: September 5th, 2007

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