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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM T-1
STATEMENT OF ELIGIBILITY AND QUALIFICATION
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
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HARRIS TRUST COMPANY OF CALIFORNIA
(Exact name of trustee as specified in its charter)
California 94-0304530
(State of incorporation (I.R.S. employer
if not a national bank) Identification No.)
601 South Figueroa Street, 49th Floor
Los Angeles, California 90017
(Address of principal executive offices)
John T. Deleray, Harris Trust Company of California
601 South Figueroa Street, 49th Floor
Los Angeles, California 90017
(213) 239-0674
(Name, address and telephone number for agent for service)
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NORTHLAND CABLE TELEVISION, INC.
(Exact name of obligor as specified in its charter)
Washington 91-1311836
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
1201 Third Ave., Suite 3600
Seattle, Washington 98101
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (206) 674-3900
and Subsidiary Guarantor:
NORTHLAND CABLE NEWS, INC.
(Exact name of obligor as specified in its charter)
Washington 91-1638891
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification No.)
1201 Third Ave., Suite 3600
Seattle, Washington 98101
(Address of principal executive offices, including zip code)
Registrant's telephone number, including area code: (206) 674-3900
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10-1/4% SENIOR SUBORDINATED NOTES DUE 2007
(Title of the indenture securities)
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GENERAL
Item 1. General Information.
Furnish the following information as to the Trustee:
(a) Name and address of each examining or supervisory authority to which it
is subject.
Department of Financial Institutions Federal Reserve Bank of San Fancisco
111 Pine Street 101 Market Street
Suite 1100 San Francisco, California 94105
San Francisco, California 94104
(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
affiliation.
None.
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Item 16. List of Exhibits.
Exhibit T-1A. A copy of the articles of association of Trustee as
presently in effect: Restated Articles of Incorporation and
Amendment of February 9, 1994.
Exhibit T-1A is incorporated herein by reference to S.E.C.
File No. 33-54627 of the Registration Statement of FirstFed
Financial Corp. Exhibit T-1A.
Exhibit T-1B. A copy of the certificate of authority of the Trustee to
commence business, if not contained in the articles of
association: Certificate of Authorization to transact
business.
Exhibit T-1B is incorporated herein by reference to S.E.C.
File No. 333-2688 of the Registration Statement of Western
Wireless Corporation Exhibit T-1B.
Exhibit T-1C. A copy of the authorization of the Trustee to exercise
corporate trust powers, if such authorization is not contained
in the documents specified in paragraph (1) and (2) above:
Contained in Exhibits T-1A and T-1B above.
Exhibit T-1D. Copy of the existing bylaws of the Trustee or
instruments corresponding thereto: By-Laws of Harris Trust
Company of California as of April 27, 1995, as presently in
effect.
Exhibit T-1D is incorporated herein by reference to S.E.C.
File No. 333-2688 of the Registration Statement of Western
Wireless Corporation Exhibit T-1D.
Exhibit T-1E. A copy of each indenture referred to in Item 4, if obligor is
in default.
Not Applicable.
Exhibit T-1F. The consents of United States institutional trustees
required by Section 321 of the Act: Consent dated as of
January, 1994.
Exhibit T-1F is incorporated herein by reference to S.E.C.
File No. 33-69382 of the Registration Statement of Pacific
Gulf Properties, Inc. Exhibit T-1F.
Exhibit T-1G. A copy of the latest report of condition of the Trustee
published pursuant to law or the requirement of its
supervising or examining authority: Trust Company Consolidated
Report of Condition provided to the Department of Financial
Institutions for the period ending September 30, 1997.
Exhibit T-1H. A copy of any order pursuant to which the foreign
trustee is authorized to act as sole trustee under the
indentures qualified or to be qualified under the Act.
Not Applicable.
Exhibit T-1I. Foreign trustees are required to file a consent to service of
process on Forms F-X. Not Applicable.
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SIGNATURES
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, Harris Trust Company of California, a corporation organized and
existing under the laws of California, 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 Los Angeles, State of California,
on January __, 1998.
HARRIS TRUST COMPANY OF
CALIFORNIA
By______________________________
John T. Deleray
Assistant Vice President
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SIGNATURES
Pursuant to the requirements of the Trust Indenture Act of 1939 the
Trustee, Harris Trust Company of California, a corporation organized and
existing under the laws of California, 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 Los Angeles, State of California,
on January ___, 1998.
HARRIS TRUST COMPANY OF
CALIFORNIA
By /S/ JOHN T. DELERAY
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John T. Deleray
Assistant Vice President
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HARRIS TRUST COMPANY OF CALIFORNIA
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City County State Zip Code
LOS ANGELES LOS ANGELES CALIFORNIA 90017
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At the close of Business on (Date) State Banking Department Number
SEPTEMBER 30, 1997 642
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Name and title of Person to Whom Area Code & Telephone Number
Inquiries may be Directed
M. CUSTER, FINANCIAL ANALYST 311-461-6164
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ASSETS
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1. Cash and due from ................................................................................. 89 1
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2. U.S. Treasury securities .......................................................................... 752 2
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3. Obligations of other U.S. Government agencies and corporations .................................... 3
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4. Obligations of States and political subdivisions .................................................. 6166 4
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5. (a) Other securities .............................................................................. 200 5
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6. (a) Loans ......................................................................................... 6(a)
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(b) Less: Reserve for possible loan losses ........................................................ 6(b)
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(c) Loans (net) ................................................................................... 0 6(c)
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7. (a) Bank premises, furniture and fixtures and other assets representing bank premises ............. 208 7(a)
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(b) Capital leases included in 7(a) above ......................................................... 7(b)
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8. Real estate owned other than bank premises ........................................................ 8
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9. Investments in subsidiaries not consolidated ...................................................... 9
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10. Other assets (complete schedule on reverse) ....................................................... 1251 10
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11. TOTAL ASSETS ...................................................................................... 8666
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LIABILITIES
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12. Liabilities for borrowed money .................................................................... 12
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13. Mortgage indebtedness ............................................................................. 13
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14. Other liabilities ................................................................................. 697 14
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15. TOTAL LIABILITIES ................................................................................. 697 15
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16. Capital notes and debentures ..................................................................... 16
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SHAREHOLDERS EQUITY
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17. Preferred stock .................................................................................. 17
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(a) Number shares outstanding .................................................................... 17(a)
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18. Common stock ..................................................................................... 2500 18
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(a) Number shares authorized ..................................................................... 18(a)
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(b) Number shares outstanding .................................................................... 18(b)
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19. Surplus .......................................................................................... 2500 19
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20. TOTAL CONTRIBUTED CAPITAL ........................................................................ 5000 20
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21. Retained earnings and other capital reserves ..................................................... 2969 21
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22. TOTAL SHAREHOLDERS EQUITY ........................................................................ 7969 22
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23. TOTAL LIABILITIES AND CAPITAL ACCOUNTS ........................................................... 8666 23
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MEMORANDA
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1. Assets deposited with State Treasurer to qualify for exercise of fiduciary powers (market value).. 250 M1
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D. Certification
The undersigned,
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Name Title
M. VALOISE DOUGLAS VC.P. & G.M.
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and
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Name Title
STEVEN ROTHBLOOM PRESIDENT & CHAIRMAN
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of the above named trust company, each declares, for himself alone and not for
the other:
I have personal knowledge of the matters contained in this report and I
believe that each statement in said report is true. Each of the undersigned,
for himself alone and not for the other, certified under penalty of perjury
that the foregoing is true and correct.
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Executed on At
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Signature Signature
/s/ M. V. DOUGLAS /s/ STEVEN ROTHBLOOM
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SCHEDULE OF OTHER ASSETS
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Description Amount
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RECEIVABLES 755
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GOODWILL 121
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OTHER INTANGIBLES 269
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DEFERRED TAXES 106
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Total (Same as Item 1) 1251
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SCHEDULE OF OTHER LIABILITIES
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Description Amount
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PAYABLES 349
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ACCRUED EXPENSES 348
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Total (Same as Item 1) 697
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Harris Trust Company of California
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City County State Zip Code
Los Angeles Los Angeles California 90017
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At the close of business on (date) State Banking Department Number
September 30, 1997 06402
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Name and title of person to whom inquiries may be directed Area Code & Telephone Number
Esther Cervantes, Assistant Vice President (213) 239-0675
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A. ASSETS
Dollars in Thousands
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1. Investments
(a) U.S. Government & Agency Obligations............................................. 550970 1(a)
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(b) State, County & Municipal Obligations............................................ 0 1(b)
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(c) Other Obligations................................................................ 0 1(c)
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(d) Stocks (Common and Preferred).................................................... 0 1(d)
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(e) Mutual Funds..................................................................... 131740 1(e)
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(f) Real Estate...................................................................... 0 1(f)
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(g) Real Estate Loans................................................................ 0 1(g)
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(h) All Other Loans.................................................................. 0 1(h)
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(i) Miscellaneous.................................................................... 36449 1(i)
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2. Interest-bearing Deposits
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(a) Own Institution.................................................................. 2(a)
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(b) Other Federally Insured Financial Institutions................................... 100 2(b)
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3. Noninterest-Bearing Deposits
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(a) Own Institution.................................................................. 3(a)
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(b) Other Federally Insured Financial Institutions................................... 96 3(b)
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4. TOTAL ASSETS......................................................................... 719355 4
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B. LIABILITIES
5. Fiduciary Accounts
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(a) Court Trusts..................................................................... 0 5(a)
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(b) Personal Trusts.................................................................. 0 5(b)
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(c) Employee Benefit Trusts.......................................................... 0 5(c)
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(d) Collective Investment Funds (Total Market Value)................................. 0 5(d)
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6. SUBTOTAL (ITEMS (a) THROUGH (e))..................................................... 0 6
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7. Local Agency Security Accounts....................................................... 0 7
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8. Corporate Accounts................................................................... 156796 8
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9. Agency, Safekeeping, Custodian, and Escrow Accounts.................................. 562379 9
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10. TOTAL LIABILITIES..................................................................... 719355 10
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C. TRUST BUSINESS FOR WHICH SECURITIES ARE ON DEPOSIT WITH THE STATE TREASURER
Court Trusts Private Trusts
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11. Trust Business...................................... 11
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12. Less Real Estate.................................... 12
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13. Trust Business on Which Security is Required........ 0 0 13
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14. Amount of Security Required by Sections 1540 and
1541 of the Financial Code....................... 100 100 14
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15. Market Value of Securities on Deposit with the
State Treasurer.................................. 125 125 15
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16. Excess or Deficiency................................ 25 25 16
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D. MISCELLANEOUS INFORMATION
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17. Total Number of Discretionary Accounts............................................... 0 17
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18. Overdrafts........................................................................... 0 18
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E. CERTIFICATION
The undersigned
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Name Title
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and
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Name Title
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of the above named bank, each declares, for himself alone and not for the other:
I have personal knowledge of the matters contained in this report and I believe that each statement in said report is true.
Each of the undersigned, for himself alone and not for the other, certified under penalty of perjury that the foregoing is
true and correct.
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Executed on: at:
, California
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Signature Signature
/s/ M. Valerie Douglas X
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Form 203 (REV. 12/95)