EX-25.1 11 d39913exv25w1.htm STATEMENT OF ELIGIBILITY OF TRUSTEE ON FORM T-1 exv25w1
 

Exhibit 25.1
 
 
FORM T-1
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 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)
Lamar Media Corp.
(Exact name of obligor as specified in its charter)
     
Delaware   72-1205791
(State or other jurisdiction of
incorporation or organization) 		  (I.R.S. employer
identification no.)
     
5551 Corporate Boulevard
Baton Rouge, Louisiana 		  70808
 
(Address of principal executive offices)   (Zip code)
 
 
 

 

 

Table of Additional Obligors (1)
             
    State or Other      
    Jurisdiction of      
Exact Name of Obligor   Incorporation or   IRS Employer  
as Specified in its Charter   Organization   Identification Number  
American Signs, Inc.
   Washington     91-1642046  
Colorado Logos, Inc.
   Colorado     84-1480715  
Daum Advertising Company, Inc.
   Texas     75-1633547  
Delaware Logos, L.L.C.
   Delaware     51-0392715  
Florida Logos, Inc.
   Florida     65-0671887  
Georgia Logos, L.L.C.
   Georgia     72-1469485  
Interstate Logos, L.L.C.
   Louisiana     72-1490893  
Kansas Logos, Inc.
   Kansas     48-1187701  
Kentucky Logos, LLC
   Kentucky     62-1839054  
Lamar Advantage GP Company, LLC
   Delaware     72-1490891  
Lamar Advantage Holding Company
   Delaware     76-0619569  
Lamar Advantage LP Company, LLC
   Delaware     76-0637519  
Lamar Advantage Outdoor Company, L.P.
   Delaware     74-2841299  
Lamar Advertising of Colorado Springs, Inc.
   Colorado     72-0931093  
Lamar Advertising of Kentucky, Inc.
   Kentucky     61-1306385  
Lamar Advertising of Louisiana, L.L.C.
   Louisiana     72-1462297  
Lamar Advertising of Michigan, Inc.
   Michigan     38-3376495  
Lamar Advertising of Oklahoma, Inc.
   Oklahoma     73-1178474  
Lamar Advertising of Penn, LLC
   Delaware     72-1462301  
Lamar Advertising of South Dakota, Inc.
   South Dakota     46-0446615  
Lamar Advertising of Youngstown, Inc.
   Delaware     23-2669670  
Lamar Advertising Southwest, Inc.
   Nevada     85-0113644  
Lamar Air, L.L.C.
   Louisiana     72-1277136  
Lamar Benches, Inc.
   Oklahoma     73-1524386  
Lamar Central Outdoor, LLC
   Delaware     20-2471691  
Lamar DOA Tennessee Holdings, Inc.
   Delaware     41-1991164  
Lamar DOA Tennessee, Inc.
   Delaware     41-1882464  
Lamar Electrical, Inc.
   Louisiana     72-1392115  
Lamar Florida, Inc.
   Florida     72-1467178  
Lamar I-40 West, Inc.
   Oklahoma     73-1498886  
Lamar Obie Corporation
   Delaware     33-1109314  
Lamar OCI North Corporation
   Delaware     38-2885263  
Lamar OCI South Corporation
   Mississippi     64-0520092  
Lamar Ohio Outdoor Holding Corp.
   Ohio     34-1597561  
Lamar Oklahoma Holding Company, Inc.
   Oklahoma     73-1474290  
Lamar Pensacola Transit, Inc.
   Florida     59-3391978  
Lamar T.T.R., L.L.C.
   Arizona     86-0928767  
Lamar Tennessee, L.L.C.
   Tennessee     72-1309007  
Lamar Texas General Partner, Inc.
   Louisiana     72-1309003  
Lamar Texas Limited Partnership
   Texas     72-1309005  
LC Billboard L.L.C.
   Delaware     63-1692342  
Maine Logos, L.L.C.
   Maine     72-1492985  
Michigan Logos, Inc.
   Michigan     38-3071362  

- 2 -

 

             
    State or Other      
    Jurisdiction of      
Exact Name of Obligor   Incorporation or   IRS Employer  
as Specified in its Charter   Organization   Identification Number  
Minnesota Logos, Inc.
   Minnesota     41-1800355  
Mississippi Logos, L.L.C.
   Mississippi     72-1469487  
Missouri Logos, LLC
   Missouri     72-1485587  
Nebraska Logos, Inc.
   Nebraska     72-1137877  
Nevada Logos, Inc.
   Nevada     88-0373108  
New Jersey Logos, L.L.C.
   New Jersey     72-1469048  
New Mexico Logos, Inc.
   New Mexico     85-0446801  
O.B. Walls, Inc.
   Oregon     93-1013167  
Obie Billboard, LLC
   Oregon     N/A  
Ohio Logos, Inc.
   Ohio     72-1148212  
Oklahoma Logos, L.L.C.
   Oklahoma     72-1469103  
Outdoor Marketing Systems, Inc.
   Pennsylvania     23-2659279  
Outdoor Marketing Systems, L.L.C.
   Pennsylvania     N/A  
Outdoor Promotions West, LLC
   Delaware     22-3598746  
Premere Outdoor, Inc.
   Illinois     36-4459650  
South Carolina Logos, Inc.
   South Carolina     58-2152628  
Tennessee Logos, Inc.
   Tennessee     62-1649765  
Texas Logos, L.P.
   Texas     72-1490894  
The Lamar Company, L.L.C.
   Louisiana     72-1462298  
TLC Farms, L.L.C.
   Louisiana     20-0634874  
TLC Properties II, Inc.
   Texas     72-1336624  
TLC Properties, Inc.
   Louisiana     72-0640751  
TLC Properties, L.L.C.
   Louisiana     72-1417495  
Triumph Outdoor Holdings, LLC
   Delaware     13-3990438  
Triumph Outdoor Rhode Island, LLC
   Delaware     05-0500914  
Utah Logos, Inc.
   Utah     72-1148211  
Virginia Logos, LLC
   Virginia     62-1839208  
Washington Logos, L.L.C.
   Washington     73-1648809  
 
(1)   The indenture securities will be unconditionally guaranteed by the additional obligors listed above, each of which is a direct or indirect, wholly owned subsidiary of Lamar Media Corp. The address and telephone number for each of the additional registrants is 5551 Corporate Boulevard, Baton Rouge, Louisiana 70808 and (225) 926-1000.
 
6.625% Senior Subordinated Notes Due 2015 — Series B
(Title of Indenture Securities)

- 3 -

 

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.
 
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 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).

- 4 -

 

  5.   The consent of the trustee required by Section 321(b) of the Act. (Exhibit 6 to Form T-1 filed with Registration Statement No. 333-121948).
 
  6.   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.

- 5 -

 

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 Jacksonville, and State of Florida, on the 20th day of October, 2006.
         
  THE BANK OF NEW YORK TRUST COMPANY, N.A.
 		  
  By:   /s/ William Cardozo    
  Name:     William Cardozo   
  Title:     Vice President   
 

- 6 -

 

EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 South flower Street, Suite 200, Los Angeles, CA 90017
     At the close of business June 30, 2006, published in accordance with Federal regulatory authority instructions.
         
    Dollar Amounts  
    in Thousands  
ASSETS
        
 
        
Cash and balances due from depository institutions:
        
Noninterest-bearing balances and currency and coin
     3,885  
Interest-bearing balances
     0  
Securities:
        
Held-to-maturity securities
     63  
Available-for-sale securities
     64,252  
Federal funds sold and securities purchased under agreements to resell:
        
Federal funds sold
     49,300  
Securities purchased under agreements to resell
     115,000  
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)
     3,897  
Other real estate owned
     0  
Investments in unconsolidated subsidiaries and associated companies
     0  
Not applicable
        
Intangible assets:
        
Goodwill
     267,487  
Other Intangible Assets
     15,747  
Other assets
     39,669  
 
      
Total assets
   $ 559,300  
 
      

Exhibit 7 - Page 1

 

         
    Dollar Amounts  
    in Thousands  
LIABILITIES
        
 
        
Deposits:
        
In domestic offices
     2,420  
Noninterest-bearing
     2,420  
Interest-bearing
     0  
Not applicable
        
Federal finds purchased and securities sold under agreements to repurchase:
        
Federal finds purchased
     0  
Securities sold under agreements to repurchase
     0  
Trading liabilities
     0  
Other borrowed money (includes mortgage indebtedness and obligations under capitalized leases)
     58,000  
Not applicable
        
Not applicable
        
Subordinated notes and debentures
     0  
Other liabilities
     79,825  
Total liabilities
     140,245  
 
      
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)
     321,520  
Retained earnings
     96,770  
Accumulated other comprehensive income
     -235  
Other equity capital components
     0  
Total equity capital
     419,055  
 
      
Total liabilities, minority interest, and equity capital (sum of items 21, 22, and 28)
     559,300  
 
      
     I, William J. Winkelmann, Vice President of the above-named bank do hereby declare that the Reports of Condition and Income (including the supporting schedules) for this report date have been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and are true to the best of my knowledge and belief.
                 
 
  William J. Winkelmann     )     Vice President
     We, the undersigned directors (trustees), attest to the correctness of the Report of Condition (including the supporting schedules) for this report date and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance

Exhibit 7 - Page 2

 

with the instructions issued by the appropriate Federal regulatory authority and is true and correct.
                 
 
  Michael K. Klugman, President     )      
 
  Michael F. McFadden, MD     )     Directors (Trustees)
 
  Frank P. Sulzberger, Vice President     )      

Exhibit 7 - Page 3