EXHIBIT 25.1
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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) |__|
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THE BANK OF NEW YORK TRUST COMPANY, N.A.
(Exact name of trustee as specified in its charter)
95-3571558
(State of incorporation (I.R.S. employer
if not a U.S. national bank) identification no.)
700 South Flower Street
Suite 500
Los Angeles, California 90017
(Address of principal executive offices) (Zip code)
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LAMAR MEDIA CORP.
(Exact name of obligor as specified in its charter)
SEE TABLE OF ADDITIONAL OBLIGORS
Delaware 72-1205791
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification no.)
5551 Corporate Boulevard
Baton Rouge, Louisiana 70808
(Address of principal executive offices) Zip code)
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TABLE OF ADDITIONAL OBLIGORS
STATE OR OTHER
JURISDICTION OF
EXACT NAME OF OBLIGOR AS INCORPORATION OR IRS EMPLOYER
SPECIFIED IN ITS CHARTER (1) ORGANIZATION IDENTIFICATION NUMBER
10 Outdoor Advertising, Inc. California 95-4300899
ADvantage Advertising, LLC Georgia 58-2586736
American Signs, Inc. Washington 91-1642046
Canadian TODS Limited (2) Nova Scotia, Canada 89206 8438
Colorado Logos, Inc. Colorado 84-1480715
Delaware Logos, L.L.C Delaware 51-0392715
Florida Logos, Inc. Florida 65-0671887
Georgia Logos, L.L.C Georgia 72-1469485
Ham Development Corporation California 33-0262739
Interstate Logos, L.L.C Louisiana 72-1490893
Kansas Logos, Inc. Kansas 48-1187701
Kentucky Logos, LLC Kentucky 62-1839054
Lamar Advan, Inc. Pennsylvania 25-1736076
Lamar Advantage GP Company, LLC Delaware 72-1490891
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STATE OR OTHER
JURISDICTION OF
EXACT NAME OF OBLIGOR AS INCORPORATION OR IRS EMPLOYER
SPECIFIED IN ITS CHARTER (1) ORGANIZATION IDENTIFICATION NUMBER
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 California Acquisition Corporation California 20-0634929
Lamar Canadian Outdoor Company (2) Nova Scotia, Canada 85994 3300
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
Lamar Transit Advertising Canada, Ltd. (2) British Columbia, Canada 86672 4057
Lamar Transit Advertising of New Orleans, LLC Delaware 52-2122268
LC Billboard L.L.C Delaware 63-1692342
Maine Logos, L.L.C Maine 72-1492985
Michigan Logos, Inc. Michigan 38-3071362
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, LLC Pennsylvania N/A
Outdoor Promotions West, LLC Delaware 22-3598746
Premere Outdoor, Inc. Illinois 36-4459650
Select Media, Inc. Oregon 02-0654574
South Carolina Logos, Inc. South Carolina 58-2152628
Stokely Ad Agency, L.L.C Oklahoma 43-2007969
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
Trans West Outdoor Advertising, Inc. California 33-0825978
Transit America Las Vegas, L.L.C Delaware 88-0386243
Triumph Outdoor Holdings, LLC Delaware 13-3990438
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STATE OR OTHER
JURISDICTION OF
EXACT NAME OF OBLIGOR AS INCORPORATION OR IRS EMPLOYER
SPECIFIED IN ITS CHARTER (1) ORGANIZATION IDENTIFICATION NUMBER
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 address of the principal executive office of each obligor is c/o Lamar
Media Corp., 5551 Corporate Boulevard, Baton Rouge, Louisiana 70808.
(2) The identification number specified in the "IRS Employer Identification
Number" column is the registrant's Canadian tax identification number.
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6 5/8% Senior Subordinated Notes due 2015
(Title of the indenture securities)
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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.
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Name Address
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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).
6. 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).
7. 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.
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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 30th day of
September, 2005.
THE BANK OF NEW YORK TRUST COMPANY, N.A.
By: /s/ William Cardozo
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Name: William Cardozo
Title: Vice President
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EXHIBIT 7
Consolidated Report of Condition of
THE BANK OF NEW YORK TRUST COMPANY, N.A.
of 700 S. Flower Street, 2nd Floor, Los Angeles, CA 90017
At the close of business June 30, 2005, 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 6,951
Interest-bearing balances 0
Securities:
Held-to-maturity securities 121
Available-for-sale securities 62,361
Federal funds sold and securities
purchased under agreements to resell:
Federal funds sold 28,000
Securities purchased under agreements to resell 84,000
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) 4,387
Other real estate owned 0
Investments in unconsolidated
subsidiaries and associated
companies 0
Customers' liability to this bank
on acceptances outstanding 0
Intangible assets:
Goodwill 241,763
Other Intangible Assets 16,779
Other assets 37,918
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Total assets $482,280
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LIABILITIES
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Deposits:
In domestic offices
Noninterest-bearing 3,291
Interest-bearing 0
Not applicable
Federal funds purchased and securities
sold under agreements to repurchase:
Federal funds 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
Bank's liability on acceptances
executed and outstanding 0
Subordinated notes and debentures 0
Other liabilities 60,240
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Total liabilities $ 121,531
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Minority interest in consolidated subsidiaries 0
EQUITY CAPITAL
Perpetual preferred stock and related surplus 0
Common stock 1,000
Surplus 294,125
Retained earnings 65,668
Accumulated other comprehensive
income (44)
Other equity capital components 0
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Total equity capital $ 360,749
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Total liabilities, minority interest, and equity capital $ 482,280
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I, William J. Winkelmann, Vice President of the above-named bank do hereby
declare that this Report of Condition is true and correct to the best of my
knowledge and belief.
William J. Winkelman ) Vice President
We, the undersigned directors, attest to the correctness of this statement
of resources and liabilities. We 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 and is true and correct.
Michael K. Klugman ) President
Frank P. Sulzberger ) Vice President
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