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) _______
__________________________
UNITED STATES TRUST COMPANY OF NEW YORK
(Exact name of trustee as specified in its charter)
New York 13-3818954
(Jurisdiction of incorporation (I. R. S. Employer
if not a U. S. national bank) Identification No.)
114 West 47th Street 10036-1532
New York, New York (Zip Code)
(Address of principal
executive offices)
__________________________
Premier Parks Inc.
(Exact name of obligor as specified in its charter)
Delaware 73-613774
(State or other jurisdiction of (I. R. S. Employer
incorporation or organization) Identification No.)
11501 Northeast Expressway 73131
Oklahoma City, Oklahoma (Zip code)
(Address of principal executive offices)
__________________________
12% Senior Notes due 2003
(Title of the indenture securities)
- 2 -
GENERAL
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.
Federal Reserve Bank of New York (2nd District), New York, New York
(Board of Governors of the Federal Reserve System).
Federal Deposit Insurance Corporation, Washington, D. C.
New York State Banking Department, Albany, New York
(b) Whether it is authorized to exercise corporate trust powers.
The trustee is authorized to exercise corporate trust powers.
2. Affiliations with the Obligor
-----------------------------
If the obligor is an affiliate of the trustee, describe each such
affiliation.
None.
3. Voting Securities of the Trustee
--------------------------------
2,999,020 shares of Common Stock - par value $5 per share
4. Trusteeships under Other Indentures
-----------------------------------
Not applicable.
5. Interlocking Directorates and Similar Relationships with the Obligor or
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Underwriters
------------
Not applicable.
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6. Voting Securities of the Trustee Owned by the Obligor or its Officials
----------------------------------------------------------------------
Not applicable.
7. Voting Securities of the Trustee Owned by Underwriters or their Officials
-------------------------------------------------------------------------
Not applicable.
8. Securities of the Obligor Owned or Held by the Trustee
------------------------------------------------------
Not applicable.
9. Securities of Underwriters Owned or Held by the Trustee
-------------------------------------------------------
Not applicable.
10. Ownership or Holdings by the Trustee of Voting Securities of Certain
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Affiliates or Securities Holders of the Obligor
-----------------------------------------------
Not applicable.
11. Ownership or Holdings by the Trustee of any Securities of a Person Owning
-------------------------------------------------------------------------
50 Percent or More of the Voting Securities of the Obligor
----------------------------------------------------------
Not applicable.
12. Indebtedness of the Obligor to the Trustee
------------------------------------------
Not applicable.
13. Defaults by the Obligor
-----------------------
Not applicable.
14. Affiliations with the Underwriters
----------------------------------
Not applicable.
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15. Foreign Trustee
---------------
Not applicable.
16. List of Exhibits
----------------
T-1.1 -- Organization Certificate, as amended, issued by the State of
New York Banking Department to transact business as a Trust
Company, is incorporated by reference to Exhibit T-1.1 to
Form T-1 filed on October 6, 1995 with the Commission
pursuant to the Trust Indenture Act of 1939, as amended
by the Trust Indenture Reform Act of 1990 in an amended
filing to an original Registration Statement filed on
August 28, 1995 (Registration No.33-96262).
T-1.2 -- Included in Exhibit T-1.1.
T-1.3 -- Included in Exhibit T-1.1.
T-1.4 -- The By-Laws of United States Trust Company of New York, as
amended, is incorporated by reference to Exhibit T-1.4 to
Form T-1 filed on October 6, 1995 with the Commission
pursuant to the Trust Indenture Act of 1939, as amended by
the Trust Indenture Reform Act of 1990 in an amended filing
to an original Registration Statement filed on August 28,
1995 (Registration No.33-96262).
T-1.6 -- The consent of the trustee required by Section 321(b) of the
Trust Indenture Act of 1939, as amended by the Trust
Indenture Reform Act of 1990.
T-1.7 -- A copy of the latest report of condition of the trustee
pursuant to law or the requirements of its supervising or
examining authority.
NOTE
As of October 12, 1995, the trustee had 2,999,020 shares of Common Stock
outstanding, all of which are owned by its parent company, U. S. Trust
Corporation. The term "trustee" in Item 2, refers to each of United States
Trust Company of New York and its parent company, U. S. Trust Corporation.
In answering Item 2 in this statement of eligibility, as to matters
peculiarly within the knowledge of the obligor or its directors, the
trustee has relied upon information furnished to it by the obligor and
will rely on information to be furnished by the obligor and the trustee
disclaims responsibility for the accuracy or completeness of such
information.
_____________________
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Pursuant to the requirements of the Trust Indenture
Act of 1939, the trustee, United States Trust Company
of New York, 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 12th day of October, 1995.
UNITED STATES TRUST COMPANY OF
NEW YORK, Trustee
By: /s/ Robert E. Patterson
---------------------------------
Robert E. Patterson
Assistant Vice President
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Exhibit T-1.6
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The consent of the trustee required by Section 321(b) of
the Act.
United States Trust Company of New York
114 West 47th Street
New York, NY 10036
September 1, 1995
Securities and Exchange Commission
450 5th Street, N.W.
Washington, DC 20549
Gentlemen:
Pursuant to the provisions of Section 321(b) of the Trust
Indenture Act of 1939, as amended by the Trust Indenture
Reform Act of 1990, and subject to the limitations set
forth therein, United States Trust Company of New York
("U.S. Trust") hereby consents that reports of examinations
of U.S. Trust by Federal, State, Territorial or District
authorities may be furnished by such authorities to the
Securities and Exchange Commission upon request therefor.
Very truly yours,
UNITED STATES TRUST COMPANY
OF NEW YORK
/s/ Gerard F. Ganey
-------------------------
By: S/Gerard F. Ganey
Senior Vice President
EXHIBIT T-1.7
UNITED STATES TRUST COMPANY OF NEW YORK
CONSOLIDATED CONDENSED STATEMENT OF CONDITION
SEPTEMBER 1, 1995
ASSETS
Cash and Cash Equivalents $764,286,267.76
Securities 242,387,306.14
Loans (Net of Allowance for Credit Losses) 1,332,832,426.53
Premises, Equipment and Other Assets 199,532,423.10
-----------------
Total Assets $2,539,038,423.53
=================
LIABILITIES
Deposits $2,057,809,364.46
Short Term Borrowings 179,870,274.65
Accounts Payable and Accrued Liabilities 151,950,336.21
-----------------
Total Liabilities 2,389,629,975.32
----------------
STOCKHOLDER'S EQUITY
Common Stock ($5 Par Value)
(2,999,029 Shares Issued & Outstanding) 14,995,145.00
Capital Surplus 41,500,000.00
Retained Earnings 91,879,922.80
(Unrealized Gain/Loss), Net of Taxes
on Securities Available for Sale 1,033,380.41
---------------
Total Stockholder's Equity 149,408,448.21
----------------
Total Liabilities and Stockholder's
Equity $2,539,038,423.53
=================
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I, RICHARD E. BRINKMANN, SENIOR VICE PRESIDENT & 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 Board of
Governors of the Federal Reserve System and is true to the best of my
knowledge and belief.
RICHARD E. BRINKMANN, SVP & CONTROLLER
September 1, 1995
We, the undersigned directors, attest 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
instructions issued by the Board of Governors of the Federal Reserve
System and is true and correct.
H. MARSHALL SCHWARZ | Directors
JEFFREY S. MAURER |
|
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