AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON JULY 22, 1999
REGISTRATION NO. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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FORM S-6
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FOR REGISTRATION UNDER THE SECURITIES ACT
OF 1933 OF SECURITIES OF UNIT INVESTMENT
TRUSTS REGISTERED ON FORM N-8B-2
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A. EXACT NAME OF TRUST:
TAX EXEMPT SECURITIES TRUST, NORTH CAROLINA TRUST 12
(A UNIT INVESTMENT TRUST)
B. NAME OF DEPOSITOR: SALOMON SMITH BARNEY INC.
C. COMPLETE ADDRESS OF DEPOSITOR'S PRINCIPAL EXECUTIVE OFFICES:
SALOMON SMITH BARNEY INC.
388 GREENWICH STREET, 23RD FLOOR
NEW YORK, NY 10013
D. NAMES AND COMPLETE ADDRESS OF AGENT FOR SERVICE:
COPY OF COMMENTS TO:
LAURIE HESSLEIN MICHAEL R. ROSELLA, ESQ.
Salomon Smith Barney Inc. Battle Fowler LLP
388 Greenwich Street 75 East 55th Street
New York, New York 10013 New York, New York 10022
(212) 856-6858
E. TITLE AND AMOUNT OF SECURITIES BEING REGISTERED:
An indefinite number of Units of Beneficial Interest
pursuant to Rule 24f-2 promulgated under the Investment
Company Act of 1940, as amended.
F. PROPOSED MAXIMUM OFFERING PRICE TO THE PUBLIC OF THE SECURITIES
BEING REGISTERED:
Indefinite
G. AMOUNT OF FILING FEE:
No filing fee required.
H. APPROXIMATE DATE OF PROPOSED SALE TO THE PUBLIC:
As soon as practicable after the acquisition and deposit of
the underlying obligations.
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The registrant hereby amends this registration statement on such date or dates
as may be necessary to delay its effective date until the registrant shall file
a further amendment which specifically states that this registration statement
shall thereafter become effective in accordance with Section 8(a) of the
Securities Act of 1933 or until the registration statement shall become
effective on such date as the Commission, acting pursuant to said section 8(a),
may determine.
682765.1
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SUBJECT TO COMPLETION, PROSPECTUS DATED JULY 22, 1999
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TAX EXEMPT SECURITIES TRUST
NORTH CAROLINA TRUST 12
(A UNIT INVESTMENT TRUST)
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A final prospectus for a prior Series of Tax Exempt Securities Trust
is hereby incorporated by reference and used as a preliminary prospectus for Tax
Exempt Securities Trust Series, North Carolina Trust 12. Except as indicated
below, the narrative information and structure of the final prospectus which
includes the new Trust will be substantially the same as that of the previous
prospectus. Although the previous prospectus includes the specific trusts
indicated therein, the specific trusts included with this new Trust when
deposited will differ from such previous trusts. Information with respect to
this Trust, including pricing, the size and composition of the Trust portfolio,
the number of units of the Trust, dates and summary information regarding the
characteristics of securities to be deposited in the Trust is not now available
and will be different from that shown since each trust has a unique portfolio.
Accordingly, the information contained herein with regard to the previous Trusts
should be considered as being included for informational purposes only. The
estimated current return and long-term return for the Trust will depend on the
interest rates and offering side evaluation of the securities in the Trust and
may vary materially from those of previous trusts. Investors should contact
account executives of the underwriters who will be informed of the expected
effective date of this Trust and who will be supplied with complete information
with respect to such Trust on the day of and immediately prior to the
effectiveness of the registration statement relating to units of the Trust.
The Securities and Exchange Commission has not approved or
disapproved these securities or passed upon the adequacy of this Prospectus. Any
representation to the contrary is a criminal offense.
The information in this prospectus is not complete and may be changed. We may
not sell these securities until the registration statement filed with the
Securities and Exchange Commission is effective. This prospectus is not an offer
to sell the securities and it is not soliciting an offer to buy these securities
in any state where the offer or sale is not permitted.
682765.1
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Part II
ADDITIONAL INFORMATION NOT INCLUDED IN THE PROSPECTUS
A. The following information relating to the Depositor is
incorporated by reference to the SEC filings indicated and made a part of this
Registration Statement.
<TABLE>
<CAPTION>
SEC FILE OR
IDENTIFICATION NO.
<S> <C> <C>
I. Bonding Arrangements and Date of Organization of the Depositor filed
pursuant to Items A and B of Part II of the Registration Statement on
Form S-6 under the Securities Act of 1933:
Smith Barney Inc. 2-55436
II. Information as to Officers and Directors of the
Depositor filed pursuant to Schedules A and D of Form BD under Rules
15b1-1 and 15b3-1 of the Securities Exchange Act of 1934:
Smith Barney Inc. 8-8177
III. Charter documents of he Depositor filed as
Exhibits to the Registration Statement on Form S-6 under the
Securities Act of 1933 (Charter, ByLaws):
Smith Barney Inc. 33-65332, 33-36037
B. The Internal Revenue Service Employer Identification Numbers of the Sponsor
and Trustee are as follows:
Salomon Smith Barney Inc. 13-1912900
The Chase Manhattan Bank 13-4994650
</TABLE>
Supplemented final prospectuses from the following Series of Tax Exempt
Securities Trust (all of which are incorporated herein by reference) may be used
as preliminary prospectuses for this Series: Tax Exempt Securities Trust, North
Carolina Trust 10 (Reg. No. 33-55039) and Tax Exempt Securities Trust, North
Carolina Trust 11 (Reg. No. 333-82761).
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682765.1
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CONTENTS OF REGISTRATION STATEMENT
The Registration Statement on Form S-6 comprises the following papers and
documents:
The facing sheet of Form S-6.
The Cross-Reference Sheet (incorporated by reference to the
Cross-Reference Sheet to the Registration Statement of Tax Exempt
Securities Trust, Series 384, 1933 Act File No. 33-50915).
The Prospectus.
Additional Information not included in the Prospectus (Part II).
*Consent of independent public accountants.
The following exhibits:
1.1 -- Form of Trust Indenture and Agreement
(incorporated by reference to Exhibit 4.a to the
Registration Statement of Tax Exempt Securities
Trust, Series 265, 1933 Act File No.
33-15123).
1.1.1 -- Form of Reference Trust Agreement
(incorporated by reference to Exhibit 1.1.1 of
Tax Exempt Securities Trust, New Jersey Trust
208, 1933 Act File No. 33-58591).
1.2 -- Form of Agreement Among Underwriters
(incorporated by reference to Exhibit 99 to the
Registration Statement of Tax Exempt Securities
Trust, Series 384, 1933 Act File No. 33-50915).
2.1 -- Form of Certificate of Beneficial Interest
(included in Exhibit 1.1).
*3.1 -- Opinion of counsel as to the legality of the
securities being issued including their consent
to the use of their names under the headings
"Taxes" and "Legal Opinion" in the Prospectus.
*4.1 -- Consent of the Evaluator.
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* To be filed with Amendment to Registration Statement.
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682765.1
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SIGNATURES
PURSUANT TO THE REQUIREMENTS OF THE SECURITIES ACT OF 1933, THE
REGISTRANT HAS DULY CAUSED THIS REGISTRATION STATEMENT OR AMENDMENT TO THE
REGISTRATION STATEMENT TO BE SIGNED ON ITS BEHALF BY THE UNDERSIGNED THEREUNTO
DULY AUTHORIZED IN THE CITY OF NEW YORK AND STATE OF NEW YORK ON THE 22ND DAY OF
JULY, 1999.
Signatures appear on page II-4.
A majority of the members of the Board of Directors of Salomon Smith
Barney Inc. has signed this Registration Statement or Amendment to the
Registration Statement pursuant to Powers of Attorney authorizing the person
signing this Registration Statement or Amendment to the Registration Statement
to do so on behalf of such members.
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682765.1
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SALOMON SMITH BARNEY INC.
DEPOSITOR
By the following persons, who
constitute a majority of the
Board of Directors of Salomon Smith
Barney Inc.:
MICHAEL A. CARPENTER
DERYCK C. MAUGHAN
By: /s/GINA LEMON
(As authorized signatory for
Salomon Smith Barney Inc. and
Attorney-in-Fact* for the persons listed above)
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* Powers of Attorney filed as exhibits to Registration Statement Nos.
333-62533 and 333-66875.
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682765.1
