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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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) ____
BANK OF MONTREAL TRUST COMPANY
(Exact name of trustee as specified in its charter)
New York 13-4941093
(Jurisdiction of incorporation or organization (I.R.S. employer
if not a US national bank) identification no.)
88 Pine Street
New York, New York 10005
(Address of principal executive offices) (Zip code)
Mark F. McLaughlin
Bank of Montreal Trust Company
Wall Street Plaza, 88 Pine Street, New York, NY 10005
(212) 701-7602
(Name, address and telephone number of agent for service)
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PRICE COMMUNICATIONS WIRELESS, INC.
(Exact name of obligor as specified in its charter)
Delaware 13-3956941
(State or other jurisdiction of (I.R.S. employer
incorporation or organization) identification number)
Exact name of Guarantor Registrants as I.R.S. employer
Specified in their respective charters State of formation identification number
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Panama City Communications, Inc. Florida 59-2863688
Panama City Cellular Telephone Company, Ltd. Florida 59-2881586
Panhandle Cellular Partnership Florida 65-0083886
Savannah Cellular Limited Partnership Delaware 58-1896629
CEI Communications, Inc. Delaware 94-3032437
Macon Cellular Telephone Systems, L.P. New Hampshire 02-0414924
Columbus Cellular Telephone Company Georgia 58-1802141
Albany Cellular Partners Georgia 22-2918690
Cellular Dynamics Telephone Company of Georgia Georgia 58-1761830
Montgomery Cellular Holding Co., Inc. Delaware 42-1330618
Montgomery Cellular Telephone Company, Inc. Alabama 63-0972220
Cellular Systems of Southeast Alabama, Inc. Delaware 63-0964897
Dothan Cellular Telephone Company, Inc. Alabama 63-0964898
Palmer Wireless Holdings, Inc. Delaware 65-0477815
Price Communications Wireless II, Inc. Delaware 13-3966848
Price Communications Wireless III, Inc. Delaware 13-3970561
Price Communications Wireless IV, Inc. Delaware 13-3970562
Price Communications Wireless V, Inc. Delaware 13-3970564
Price Communications Wireless VI, Inc. Delaware 13-3970565
Price Communications Wireless VII, Inc. Delaware 13-3970566
Price Communications Wireless VIII, Inc. Delaware 13-3970567
Price Communications Wireless IX, Inc. Delaware 13-3970569
45 Rockefeller Center
New York, New York 10020
(Address of principal executive offices)
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9 1/8% Notes due 2006
(Title of the indenture securities)
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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.
Federal Reserve Bank of New York
33 Liberty Street, New York NY 10045
State of New York Banking Department
2 Rector Street, New York, NY 10006
(b) Whether it is authorized to exercise corporate trust powers.
The Trustee is authorized to exercise corporate trust
powers.
Item 2. Affiliations with the Obligor.
If the obligor is an affiliate of the trustee, describe each
such affiliation.
The obligor is not an affiliate of the trustee.
Item 16. List of Exhibits.
List below all exhibits filed as part of this statement of eligibility.
1. Copy of Organization Certificate of Bank of Montreal Trust
Company to transact business and exercise corporate trust
powers; incorporated herein by reference as Exhibit "A" filed
with Form T-1 Statement, Registration No. 33-46118.
2. Copy of the existing By-Laws of Bank of Montreal Trust
Company; incorporated herein by reference as Exhibit "B" filed
with Form T-1 Statement, Registration No. 33-80928.
3. The consent of the Trustee required by Section 321(b) of the
Act; incorporated herein by reference as Exhibit "C" with Form
T-1 Statement, Registration No. 33-46118.
4. A copy of the latest report of condition of Bank of Montreal
Trust Company published pursuant to law or the requirements of
its supervising or examining authority, attached hereto as
Exhibit "D".
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of
1939 the Trustee, Bank of Montreal 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 15th day of December, 1998.
BANK OF MONTREAL TRUST COMPANY
By /s/ Amy Roberts
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Amy Roberts
Vice President
EXHIBIT "D"
STATEMENT OF CONDITION
BANK OF MONTREAL TRUST COMPANY
NEW YORK
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ASSETS
Due From Banks $ 677,400
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Investment Securities:
State & Municipal 16,513,582
Other 100
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Total Securities 16,513,682
Loans and Advances
Federal Funds Sold 20,900,000
Overdrafts 12,169
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Total Loans and Advances 20,912,169
Investment in Harris Trust, NY 8,725,608
Premises and Equipment 475,614
Other Assets 2,636,845
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1,838,067
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TOTAL ASSETS $49,941,318
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LIABILITIES
Trust Deposits $ 8,191,549
Other Liabilities 16,944,443
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TOTAL LIABILITIES 25,135,992
CAPITAL ACCOUNTS
Capital Stock, Authorized, Issued and
Fully Paid - 10,000 Shares of $100 Each 1,000,000
Surplus 4,222,188
Retained Earnings 19,605,350
Equity - Municipal Gain/Loss (22,212)
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TOTAL CAPITAL ACCOUNTS 24,805,326
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TOTAL LIABILITIES
AND CAPITAL ACCOUNTS $49,941,318
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I, Mark F. McLaughlin, 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.
Mark F. McLaughlin
June 30, 1998
We, the undersigned directors, attest to the correctness of this
statement of resources and liabilities. We declared 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.
Sanjiv Tandon
Kevin O. Healy
Steven R. Rothbloom