Exhibit 25.2
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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)
___________________
SUNTRUST BANK, ATLANTA
(Exact name of trustee as specified in its charter)
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(Address of principal executive offices) (Zip Code) (I.R.S. employer identification no.)
___________________
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SUNTRUST BANK, ATLANTA
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(Name, address and telephone number of agent for service)
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NATIONAL SERVICE INDUSTRIES, INC.
DELAWARE ▇▇-▇▇▇▇▇▇▇
(State or other (IRS employer
jurisdiction of incorporation identification no.)
or organization)
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(Address of principal executive offices) (Zip Code)
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Subordinated Debt Securities to be Registered
(Title of the indenture securities)
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1. General information.
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Furnish the following information as to the trustee--
Name and address of each examining or supervising authority to which
it is subject.
DEPARTMENT OF BANKING AND FINANCE,
STATE OF GEORGIA
ATLANTA, GEORGIA
FEDERAL RESERVE BANK OF ATLANTA
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FEDERAL DEPOSIT INSURANCE CORPORATION
WASHINGTON, D.C.
Whether it is authorized to exercise corporate trust powers.
YES.
2. Affiliations with obligor.
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If the obligor is an affiliate of the trustee, describe each such
affiliation.
NONE.
16. List of Exhibits.
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List below all exhibits filed as a part of this statement of eligibility;
exhibits identified in parentheses are filed with the Commission and are
incorporated herein by reference as exhibits hereto pursuant to Rule 7a-29
under the Trust Indenture Act of 1939, as amended, and Rule 24 of the
Commission's Rules of Practice.
(1) A copy of the Articles of Amendment and Restated Articles of
Association of the trustee as now in effect. (Exhibit 1 to Form T-1,
Registration No. 333-25463.)
(2) A copy of the certificate of authority of the trustee to commence
business. (included in Exhibit 1.)
(3) A copy of the authorization of the trustee to exercise corporate trust
powers. (included in Exhibit 1.)
(4) A copy of the existing by-laws of the trustee. (included in Exhibit 4
to Form T-1, Registration No. 333-25463.)
(6) The consent of the trustee required by Section 321(b) of the Trust
Indenture Act of 1939.
(7) A copy of the latest report of condition of the trustee published
pursuant to law or the requirements of its supervising or examining
authority as of the close of business on March 31, 1999.
SIGNATURE
Pursuant to the requirements of the Trust Indenture Act of 1939 the
trustee, Suntrust Bank, Atlanta, a banking corporation organized and existing
under the laws of the State of Georgia, 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 Atlanta and the State of Georgia,
on the 21st day of July, 1998.
SUNTRUST BANK, ATLANTA
By: /s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
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Vice President
EXHIBIT 1 TO FORM T-1
ARTICLES OF ASSOCIATION
OF
SUNTRUST BANK, ATLANTA
EXHIBIT 2 TO FORM T-1
CERTIFICATE OF AUTHORITY
OF
SUNTRUST BANK, ATLANTA
TO COMMENCE BUSINESS
EXHIBIT 3 TO FORM T-1
AUTHORIZATION
OF
SUNTRUST BANK, ATLANTA
TO EXERCISE CORPORATE TRUST POWERS
EXHIBIT 4 TO FORM T-1
BY-LAWS
OF
SUNTRUST BANK, ATLANTA
EXHIBIT 6 TO FORM T-1
CONSENT OF TRUSTEE
Pursuant to the requirements of Section 321(b) of the Trust Indenture Act
of 1939 in connection with the proposed issuance of Senior Debt Securities of
National Service Industries, Inc., Suntrust Bank, Atlanta hereby consents that
reports of examinations by Federal, State, Territorial or District Authorities
may be furnished by such authorities to the Securities and Exchange Commission
upon request therefor.
SUNTRUST BANK, ATLANTA
By:/s/ ▇▇▇▇▇▇ ▇▇▇▇▇▇▇
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Vice President
EXHIBIT 7 TO FORM T-1
REPORT OF CONDITION
SUNTRUST BANK ATLANTA Call Date: 03131/98 State #: 130330 FFIEC 031
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CONSOLIDATED REPORT OF CONDITION FOR INSURED COMMERCIAL
AND STATE-CHARTERED SAVINGS BANKS FOR MARCH 31, 1998
All schedules are to be reported in thousands of dollars. Unless otherwise
indicated, report the amount outstanding as of the last business day of the
quarter.
C400
SCHEDULE RC - BALANCE SHEET
Dollar Amounts in Thousands
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ASSETS
1. Cash and balances due from depository institutions (from Schedule RC-A): RCFD
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a. Noninterest-bearing balances and currency and coin (1)................................. 0081 867,073 1.a
b. Interest-bearing balances (2).......................................................... 0071 4,574 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 3,322,133 2.b
3. Federal funds sold and securities purchased under agreements to resell...................... 1350 796,683 3.
4. Loans and lease financing receivables: RCFD
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a. Loans and leases, net of unearned income (from Schedule RC-C)....... 2122 11,210,585 4.a
b. LESS: Allowance for loan and lease losses........................... 3123 134,515 4.b
c. LESS: Allocated transfer risk reserve............................... 3128 0 4.c
d. Loans and leases, net of unearned income, RCFD
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allowance, and reserve (item 4.a minus 4.b and 4.c).................................... 2125 11,076,070 4.d
5. Trading assets (from Schedule RC-D)......................................................... 3545 16,724 5.
6. Premises and fixed assets (including capitalized leases).................................... 2145 101,431 6.
7. Other real estate owned (from Schedule RC-M)................................................ 2150 1,387 7.
8. Investments in unconsolidated subsidiaries and associated companies (from Schedule RC-M).... 2130 12,664 8.
9. Customers' liability to this bank on acceptances outstanding................................ 2155 350,591 9.
10. Intangible assets (from Schedule RC-M)...................................................... 2143 16,265 10.
11. Other assets (from Schedule RC-F)........................................................... 2160 149,944 11.
12. Total assets (sum of items 1 through 11).................................................... 2170 16,715,539 12.
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(1) Includes cash items in process of collection and unposted debits.
(2) Includes time certificates of deposit not held for trading.
SUNTRUST BANK ATLANTA Call Date: 03/31/98 State #: 130330 FFIEC 031
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SCHEDULE RC - CONTINUED Dollar Amounts in Thousands
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LIABILITIES
13. Deposits:
a. In domestic offices (sum of totals of columns A and C from Schedule RC-E, RCON
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part I)______________________________________________________________________ RCON 2200 7,190,048 13.a
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(1) Noninterest-bearing (1)__________________________________________________ 6631 2,439,599 13.a.1
(2) Interest-bearing_________________________________________________________ 6636 4,750,449 13.a.2
b. In foreign offices, Edge and Agreement subsidiaries, and IBFs (from Schedule RCFN
RC-E, ----
2200 855,056 13.b
part II)_____________________________________________________________________ RCFN
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(1) Noninterest-bearing______________________________________________________ 6631 0 13.b.1
(2) Interest-bearing_________________________________________________________ 6636 855,056 RCFD 13.b.2
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14. Federal funds purchased and securities sold under agreements to repurchase______________________ 2800 3,858,832 14
RCON
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15. a. Demand notes issued to the U.S. Treasury___________________________________________________ 2840 0 15.a
RCFD
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b. Trading liabilities (from Schedule RC-D)____________________________________________________ 3548 3 15.b
16. Other borrowed money (includes mortgage indebtedness and
obligations under capitalized leases):
a. With a remaining maturity of one year or less______________________________________________ 2332 564,410 16.a
b. With a remaining maturity of more one year through three years_____________________________ A547 2,530 16.b
c. With a remaining maturity of more than three years_________________________________________ A548 0 16.c
17. Not applicable
18. Bank's liability on acceptances executed and outstanding________________________________________ 2920 350,591 18
19. Subordinated notes and debentures(2)____________________________________________________________ 3200 250,000 19
20. Other liabilities (from Schedule RC-G)__________________________________________________________ 2930 1,232,470 20
21. Total liabilities (sum of items 13 through 20)__________________________________________________ 2948 14,303,940 21
22. Not applicable
EQUITY CAPITAL
23. Perpetual preferred stock and related surplus___________________________________________________ 3838 0 23
24. Common stock____________________________________________________________________________________ 3230 21,601 24
25. Surplus (exclude all surplus related to preferred stock)________________________________________ 3839 573,406 25
26. a. Undivided profits and capital reserves_____________________________________________________ 3632 611,847 26.a
b. Net unrealized holding gains (losses) on avaitable-for-sale securities_____________________ 8434 1,204,745 26.b
27. Cumulative foreign currency translation adjustments_____________________________________________ 3284 0 26
28. Total equity capital (sum of items 23 through 27)_______________________________________________ 3210 2,411,599 28
29. Total liabilities and equity capital (sum of items 21 and 28)___________________________________ 3300 16,715,539 29
MEMORANDUM
TO BE REPORTED ONLY WITH THE MARCH REPORT OF CONDITION.
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 RCFD Number auditors as of any date during
1997_____________________________________________________________ 6724 2
M.1
1 = Independent audit of the bank conducted in accordance with generally
accepted auditing standards by a certified public accounting firm which
submits a report on the bank
2 = Independent audit of the bank's parent holding company conducted in
accordance with generally accepted auditing standards by a 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 generally
accepted auditing standards by a certified public accounting firm (may be
required by state chartering authority)
4 = Directors' examination of the bank performed by other external auditors
(may be chartering authority)
5 = Review of the bank's financial statements by enternal auditors
6 = Compilation of the bank's financial statements by external auditors
7 = Other audit procedures (excluding tax preparation work)
8 = No external audit work
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(1) Includes total demand deposits and noninterest-bearing time and savings
deposits.
(2) Includes limited-life preferred stock and related surplus,
