Exhibit 25(a)
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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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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) ___________
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BANKERS TRUST COMPANY
(Exact name of trustee as specified in its charter)
NEW YORK 13-4941247
(Jurisdiction of Incorporation or (I.R.S. Employer
organization if not a U.S. national bank) Identification no.)
FOUR ALBANY STREET
NEW YORK, NEW YORK 10006
(Address of principal (Zip Code)
executive offices)
BANKERS TRUST COMPANY
LEGAL DEPARTMENT
130 LIBERTY STREET, 31ST FLOOR
NEW YORK, NEW YORK 10006
(212) 250-2201
(Name, address and telephone number of agent for service)
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THE MEAD CORPORATION
(Exact name of obligor as specified in its charter)
OHIO 31-0535759
(State or other jurisdiction of (I.R.S. employer
Incorporation or organization) Identification no.)
MEAD WORLD HEADQUARTERS
COURTHOUSE PLAZA NORTHEAST
DAYTON, OHIO 45463
(Address of principal executive offices) (Zip Code)
$550,000,000 DEBT SECURITIES
(Title of the indenture securities)
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.
NAME ADDRESS
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Federal Reserve Bank (2nd District) New York, NY
Federal Deposit Insurance Corporation Washington, D.C.
New York State Banking Department Albany, NY
(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.
ITEM 3. -15. NOT APPLICABLE
ITEM 16. LIST OF EXHIBITS.
EXHIBIT 1 - Restated Organization Certificate of
Bankers Trust Company dated August 7, 1990,
Certificate of Amendment of the Organization
Certificate of Bankers Trust Company dated June 21,
1995 - Incorporated herein by reference to Exhibit 1
filed with Form T-1 Statement, Registration No.
33-65171, and Certificate of Amendment of the
Organization Certificate of Bankers Trust Company
dated March 21, 1996, copy attached.
EXHIBIT 2 - Certificate of Authority to commence
business - Incorporated herein by reference to Exhibit
2 filed with Form T-1 Statement, Registration No.
33-21047.
EXHIBIT 3 - Authorization of the Trustee to exercise
corporate trust powers - Incorporated herein by
reference to Exhibit 2 filed with Form T-1 Statement,
Registration No. 33-21047.
EXHIBIT 4 - Existing By-Laws of Bankers Trust
Company, dated as amended on October 19, 1995. -
Incorporated herein by reference to Exhibit 4 filed
with Form T-1 Statement, Registration No. 33-65171.
EXHIBIT 5 - Not applicable.
EXHIBIT 6 - Consent of Bankers Trust Company required
by Section 321(b) of the Act. - Incorporated herein by
reference to Exhibit 4 filed with Form T-1 Statement,
Registration No. 22-18864.
EXHIBIT 7 - A copy of the latest report of condition
of Bankers Trust Company dated as of July 31, 1996.
EXHIBIT 8 - Not Applicable.
EXHIBIT 9 - Not Applicable.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939,
as amended, the trustee, Bankers Trust Company, 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 13th day of November, 1996.
BANKERS TRUST COMPANY
By: /s/ Kevin Weeks
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Kevin Weeks
Assistant Treasurer
Legal Title of Bank: Bankers Trust Company Call Date:
6/30/96 ST-BK: 36-4840 FFIEC 031
Address: 130 Liberty Street Vendor ID: D CERT: 00623 Page RC-1
City, State ZIP: New York, NY 10006 11
FDIC Certificate No.: | 0 | 0 | 6 | 2 | 3
CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS JUNE 30, 1996
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, reported the amount outstanding as of the last business day of the
quarter.
SCHEDULE RC--BALANCE SHEET
C400
Dollar Amounts
in Thousands RCFD Bil Mil Thou
ASSETS
1. Cash and balances due from depository institutions
from Schedule RC-A):
a. Noninterest-bearing balances and currency
and coin(1)............. ............................ 0081 1,631,000 1.a.
b. Interest-bearing balances(2)......................... 0071 2,066,000 1.b.
2. Securities:
a. Held-to-maturity securities (from Schedule RC-B,
column A)........ ................................... 1754 0 2.a.
b. Available-for-sale securities (from Schedule RC-B,
column D)...... ..................................... 1773 3,761,000 2.b.
3. Federal funds sold and securities purchased under
agreements to resell in domestic offices of the
bank and of its Edge and Agreement subsidiaries,
and in IBFs:
a. Federal funds sold................................... 0276 5,162,000 3.a.
b. Securities purchased under agreements to resell...... 0277 4,192,000 3.b.
4. Loans and lease financing receivables:
a. Loans and leases, net of unearned income (from
Schedule RC-C)RCFD 2122 24,849,000 4.a.
b. LESS: Allowance for loan and lease
losses...............RCFD 3123 ...................... 923,000 4.b.
c. LESS: Allocated transfer risk reserve....RCFD 3128 . 0 4.c.
d. Loans and leases, net of unearned income, allowance,
and reserve (item 4.a minus 4.b and 4.c 2125 23,926,000 4.d.
5. Assets held in trading accounts......................... 3545 33,052,000 5.
6. Premises and fixed assets (including capitalized
leases)............. ................................... 2145 858,000 6.
7. Other real estate owned (from Schedule RC-M)............ 2150 216,000 7.
8. Investments in unconsolidated subsidiaries and
associated companies (from Schedule RC-M) ............... 2130 271,000 8.
9. Customers' liability to this bank on acceptances
outstanding......... ................................... 2155 572,000 9.
10. Intangible assets (from Schedule RC-M).................. 2143 18,000 10.
11. Other assets (from Schedule RC-F)....................... 2160 7,612,000 11.
12. Total assets (sums of items 1 through 11)............... 2170 83,337,000 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held in trading accounts.
LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A
and C from Schedule RC-E, part I) RCON 2200 9,040,000 13.a.
(1) Noninterest-bearing(1)...RCON 6631 3,569,000... 13.a.(1)
(2) Interest-bearing.........RCON 6636 5,471,000... 13.a.(2)
b. In foreign offices, Edge and Agreement
subsidiaries, and IBFs (from Schedule RC-E part II RCFN 2200 19,648,000 13.b.
(1)Noninterest-bearing.......................RCFN 6631 494,000 13.
(2)Interest-bearing..........................RCFN 6636 19,154,000 13.b.(2)
14. Federal funds purchased and securities sold under
agreements to repurchase in domestic offices of the
bank and of its Edge and Agreement subsidiaries,
and in IBFs:
a. Federal funds purchased.............................. RCFD 0278 2,564,000 14.a.
b. Securities sold under agreements to repurchase....... RCFD 0279 790,000 14.b.
15. a. Demand notes issued to the U.S. Treasury............. RCON 2840 0 15.a.
b. Trading liabilities.................................. RCFD 3548 18,177,000 15.b.
16. Other borrowed money:
a. With original maturity of one year or less........... RCFD 2332 16,421,000 16.a.
b. With original maturity of more than one year......... RCFD 2333 3,388,000 16.b.
17. Mortgage indebtedness and obligations under capitalized
leases....... .......................................... RCFD 2910 31,000 17.
18. Bank's liability on acceptances executed and outstanding RCFD 2920 572,000 18.
19. Subordinated notes and debentures....................... RCFD 3200 1,227,000 19.
20. Other liabilities (from Schedule RC-G).................. RCFD 2930 6,911,000 20.
21. Total liabilities (sum of items 13 through 20).......... RCFD 2948 78,769,000 21.
22. Limited Life preferred stock and related surplus........ RCFD 3282 0 22.
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus........... RCFD 3838 500,000 23.
24. Common stock............................................ RCFD 3230 1,002,000 24.
25. Surplus (exclude all surplus related to preferred
stock)............. .................................... RCFD 3839 528,000 25.
26. a. Undivided profits and capital reserves............... RCFD 3632 2,915,000 26.a.
b. Net unrealized holding gains (losses) on
available-for-sale securities .......................... RCFD 8434 (5,000) 26.b.
27. Cumulative foreign currency translation adjustments..... RCFD 3284 (372,000) 27.
28. Total equity capital (sum of items 23 through 27).......
29. Total liabilities, limited-life preferred stock, and
equity capital (sum of items 21, 22, and 28 ............ RCFD 3300 83,337,000 29.
Memorandum
To be reported only with the March Report of Condition.
Number
1. Indicate in the box at the right the number of the statement ------
below that best describes the most comprehensive level of auditing
work performed for the bank by independent external auditors as of
any date during 1995............................................... RCFD 6724 2 M.1
1 = Independent audit of the bank conducted in accordance with general- 5 = Review of the bank's financial statements by
ly accepted auditing standards by a certified public accounting external auditors
firm which submits a report on the bank ..........................
2 = Independent audit of the bank's parent holding company conducted 6 = Compilation of the bank's financial statements
in accordance with generally accepted auditing standards by a by external auditors
certified public accounting firm which submits a report on the
consolidated holding company (but not on the bank separately) .....
3 = Directors' examination of the bank conducted in accordance with 7 = Other audit procedures (excluding tax preparation
generally accepted auditing standards by a public accounting firm work)
(may be required by state chartering authority) ...................
4 = Directors' examination of the bank performed by other
external auditors (may be required by state chartering authority) . 8 = No external audit work
<FN>
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(1) Including total demand deposits and non-interest-bearing time
and savings deposits.
State of New York,
Banking Department
I, PETER M. PHILBIN, Deputy Superintendent of Bank of the State of
New York, DO HEREBY APPROVE the annexed Certificate entitled "CERTIFICATE OF
AMENDMENT OF THE ORGANIZATION CERTIFICATE OF BANKERS TRUST COMPANY UNDER
SECTION 8005 OF THE BANKING LAW," dated March 20, 1996, providing for an
increase in authorized capital stock from $1,351,666,670 consisting of
85,166,667 shares with a par value of $10 each designated as Common Stock and
500 shares with a par value of $1,000,000 each designated as Series Preferred
Stock to $1,501,666,670 consisting of 100,166,667 shares with a par value of
$10 each designated as Common Stock and 500 shares with a par value of
$1,000,000 each designated as Series Preferred Stock.
WITNESS, my hand and official seal of the Banking Department at the
City of New York, this 21ST day of MARCH in the Year of our Lord one
thousand nine hundred and NINETY-SIX.
/s/ Peter M. Philbin
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Deputy Superintendent of Banks
CERTIFICATE OF AMENDMENT
OF THE
ORGANIZATION CERTIFICATE
OF BANKERS TRUST
Under Section 8005 of the Banking Law
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We, James T. Byrne, Jr. and Lea Lahtinen, being respectively a
Managing Director and an Assistant Secretary of Bankers Trust Company, do
hereby certify:
1. The name of the corporation is Bankers Trust Company.
2. The organization certificate of said corporation was filed by
the Superintendent of Banks on the 5th of March, 1903.
3. The organization certificate as heretofore amended is hereby
amended to increase the aggregate number of shares which the corporation
shall have authority to issue and to increase the amount of its authorized
capital stock in conformity therewith.
4. Article III of the organization certificate with reference to
the authorized capital stock, the number of shares into which the capital
stock shall be divided, the par value of the shares and the capital stock
outstanding, which reads as follows:
"III. The amount of capital stock which the corporation is hereafter
to have is One Billion, Three Hundred Fifty One Million, Six Hundred
Sixty-Six Thousand, Six Hundred Seventy Dollars ($1,351,666,670),
divided into Eighty-Five Million, One Hundred Sixty-Six Thousand, Six
Hundred Sixty-Seven (85,166,667) shares with a par value of $10 each
designated as Common Stock and 500 shares with a par value of One
Million Dollars ($1,000,000) each designated as Series Preferred
Stock."
is hereby amended to read as follows:
"III. The amount of capital stock which the corporation is hereafter
to have is One Billion, Five Hundred One Million, Six Hundred
Sixty-Six Thousand, Six Hundred Seventy Dollars ($1,501,666,670),
divided into One Hundred Million, One Hundred Sixty Six Thousand, Six
Hundred Sixty-Seven (100,166,667) shares with a par value of $10 each
designated as Common Stock and 500 shares with a par value of One
Million Dollars ($1,000,000) each designated as Series Preferred
Stock."
6. The foregoing amendment of the organization certificate was
authorized by unanimous written consent signed by the holder of all
outstanding shares entitled to vote thereon.
IN WITNESS WHEREOF, we have made and subscribed this certificate
this 20th day of March , 1996.
/s/ James T. Byrne, Jr.
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James T. Byrne, Jr.
Managing Director
/s/ Lea Lahtinen
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Lea Lahtinen
Assistant Secretary
State of New York )
) ss:
County of New York )
Lea Lahtinen, being fully sworn, deposes and says that she is an
Assistant Secretary of Bankers Trust Company, the corporation described in
the foregoing certificate; that she has read the foregoing certificate and
knows the contents thereof, and that the statements herein contained are
true.
/s/ Lea Lahtinen
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Lea Lahtinen
Sworn to before me this 20th day
of March, 1996.
Sandra L. West
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Notary Public
SANDRA L. WEST Counterpart filed in the
Notary Public State of New York Office of the Superintendent of
No. 31-4942101 Banks, State of New York,
Qualified in New York County This 21st day of March, 1996
Commission Expires September 19, 1996