AS FILED WITH THE SECURITIES AND EXCHANGE COMMISSION ON DECEMBER 17, 1997
REGISTRATION NO. 333-
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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM S-6
For Registration Under the Securities Act
of 1933 of Securities of Unit Investment
Trusts Registered on Form N-8B-2
A. EXACT NAME OF TRUST: Empire State Municipal Exempt Trust, Guaranteed
Series 140
B. NAME OF DEPOSITORS: Glickenhaus & Co.
Lebenthal & Co., Inc.
C. COMPLETE ADDRESS OF DEPOSITORS' PRINCIPAL EXECUTIVE OFFICES:
Glickenhaus & Co. Lebenthal & Co., Inc.
6 East 43rd Street 120 Broadway
New York, New York 10017 New York, New York 10271
D. NAME AND COMPLETE ADDRESS OF AGENT FOR SERVICE:
COPY OF COMMENTS TO:
SETH M. GLICKENHAUS JAMES A. LEBENTHAL MICHAEL R. ROSELLA, Esq.
Glickenhaus & Co. Lebenthal & Co., Inc. Battle Fowler LLP
6 East 43rd Street 120 Broadway 75 East 55th Street
New York, New York 10017 New York, New York 10271 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 AGGREGATE OFFERING PRICE TO THE PUBLIC OF THE SECURITIES
BEING REGISTERED:
Indefinite
G. AMOUNT OF FILING FEE (computed at one-thirty-third of 1 percent of the
proposed maximum aggregate offering price to the public):
No filing fee required
H. APPROXIMATE DATE OF PROPOSED PUBLIC OFFERING:
As soon as practicable after the effective date of the Registration
Statement.
Check if it is proposed that this filing will become effective
immediately upon filing pursuant to Rule 487.
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THE REGISTRANT HEREBY AMENDS THIS REGISTRATION STATEMENT ON SUCH DATE OR
DATES AS MAY BE NECESSARY TO DELAY THE EFFECTIVE DATE UNTIL THE REGISTRANT SHALL
FILE A FURTHER AMENDMENT WHICH SPECIFICALLY STATES THAT THIS 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 THE
DATE AS THE COMMISSION, ACTING PURSUANT TO SAID SECTION 8(A), MAY DETERMINE.
317723.1
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SUBJECT TO COMPLETION
ISSUE DATE: DECEMBER 17, 1997
EMPIRE STATE MUNICIPAL EXEMPT TRUST
GUARANTEED SERIES 140
A final prospectus for a prior Guaranteed Series of Empire State Municipal
Exempt Trust is hereby incorporated by reference used as a preliminary
prospectus for Guaranteed Series 140. Except as noted below the narrative
information and structure of the final prospectus for this Series will be
substantially the same as that of the attached final prospectus. Information
with respect to pricing, the number of Units, dates and summary information
regarding the characteristics of securities to be deposited in this Series is
not now available and will be different because each Series has a unique
portfolio. Accordingly, the information contained herein with regard to the
previous Series should be considered as being included for informational
purposes only. Ratings of the securities in this Series are expected to be
comparable to those of the securities deposited in the previous Series. However,
the estimated current return and estimated long term return for this Series will
depend on the interest rates and offering prices of the securities in this
Series and may vary materially from that of the previous Series. Investors
should contact account executives of the underwriters who will be informed of
the expected effective date of this Series and who will be supplied with
complete information with respect to such Series on the day of and immediately
prior to the effectiveness of the registration statement relating to Units of
this Series.
THESE SECURITIES HAVE NOT BEEN APPROVED OR DISAPPROVED BY THE SECURITIES
AND EXCHANGE COMMISSION OR ANY STATE SECURITIES COMMISSION NOR HAS THE
COMMISSION OR ANY STATE SECURITIES COMMISSION PASSED UPON THE ACCURACY OR
ADEQUACY OF THIS PROSPECTUS. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL
OFFENSE.
Information contained herein is subject to completion or amendment. A
registration statement relating to these securities has been filed with the
Securities and Exchange Commission. These securities may not be sold nor may
offers to buy be accepted prior to the time the registration statement becomes
effective. This prospectus shall not constitute an offer to sell or the
solicitation of an offer to buy nor shall there be any sale of these securities
in any State in which such offer, solicitation or sale would be unlawful prior
to registration or qualification under the securities laws of any such State.
317723.1
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PART II--ADDITIONAL INFORMATION NOT REQUIRED IN PROSPECTUS
ITEM A--BONDING ARRANGEMENTS
The employees of Glickenhaus & Co. and Lebenthal & Co., Inc. are covered
under Brokers' Blanket Policy, Standard Form 14, in the respective amounts of
$5,000,000 and $10,000,000.
ITEM B--CONTENTS OF REGISTRATION STATEMENT
This registration Statement on Form S-6 comprises the following
papers and documents: The facing sheet on Form S-6.
The Cross-Reference Sheet (incorporated by reference to the
Cross-Reference Sheet to the Form S-6 Registration
Statement of Empire State Municipal Exempt Trust Guaranteed
Series 133).
The Prospectus consisting of pages.
Undertakings.
Signatures.
Listed below are the names and registration numbers of
previous series of Empire State Municipal Exempt Trust, the
final prospectus of which, if properly supplemented, might
be used as a preliminary prospectus for Empire State
Municipal Exempt Trust Guaranteed Series 140. These final
prospectuses are incorporated herein by reference:
Empire State Municipal Exempt Trust, Guaranteed Series 137
(Registration No. 333-30479)
Empire State Municipal Exempt Trust, Guaranteed Series 138
(Registration No. 333-30481)
Written consents of the following persons: *Battle Fowler
LLP (included in Exhibit 99..3.1) *BDO Seidman, LLP
*Muller Data Corporation (included in Exhibit 99.5.1)
The following exhibits:
99.1.1 -- Reference Trust Agreement including certain
Amendments to the Trust Indenture and Agreement
referred to under Exhibit 99.1.1.1 below.
9.1.1.1 -- Trust Indenture and Agreement dated December 18, 1990.
99.1.3 -- Form of Agreement Among Underwriters and Selected
Dealers Agreement (filed as Exhibit 1.8 to Amendment
No. 1 to Form S-6 Registration Statement No.
33-28268 of Empire State Municipal Exempt Trust,
Guaranteed Series 49 on July 18, 1989, and
incorporated herein by reference).
99.1.6 -- Restated Agreement of Limited Partnership of Glickenhaus &
Co. dated September 1, 1983.
99.1.6(a)--Agreement of Amendment to Restated Agreement of Limited
Partnership of Glickenhaus & Co. dated January 24, 1984
99.1.6(b)--Certificate of Amendment to Restated Agreement of Limited
Partnership of Glickenhaus & Co. dated January 24, 1984.
99.1.6(c)--Agreement of Amendment to Restated Agreement of Limited
Partnership of Glickenhaus & Co. dated September 1, 1983.
9.1.6(d) --Agreement of Amendment to Restated Agreement of Limited
Partnership of Glickenhaus & Co. dated February 12, 1986.
- ---------------
* To be filed by amendment.
+ Filed with Amendment No. 1 to Form S-6 Registration Statement No.
333-17307 of Empire State Municipal Exempt Trust, Guaranteed Series 134
on April 2, 1997 and incorporated herein by reference.
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99.1.6(e) -- Agreement of Amendment to Restated Agreement of Limited
Partnership of Glickenhaus & Co. (filed dated
January 19, 1992.
99.1.6(f) -- Agreement of Amendment to Restated Agreement of
Limited Partnership of Glickenhaus & Co. (filed as
Exhibit 1.3(e) to Amendment No. 1 to Form S-6
Registration Statement No. 33-78036 of MINT Group 11
on May 3, 1994, and incorporated herein by
reference).
99.1.6.1 -- Certificate of Incorporation of Lebenthal & Co., Inc.
as amended on October 23, 1981.
99.1.6.2 -- By-Laws of Lebenthal & Co., Inc.
*99.1.7 -- Form of Insurance Policy obtained by the Trust.
99.1.7(a) -- Master Letter Agreement of Municipal Bond
Investors Assurance Corporation (filed as Exhibit
1.7(a) to Amendment No. 1 to Form S-6 Registration
Statement No. 33-35124 of Empire State Municipal
Exempt Trust, Guaranteed Series 59 on July 1, 1990,
and incorporated herein by reference).
99.1.7(b) -- Form of Permanent Insurance Policy of Municipal
Bond Investors Assurance Corporation (filed as
Exhibit 1.7.1 to Amendment No. 1 to Form S-6
Registration Statement No. 33-10860 of Empire State
Municipal Exempt Trust, Guaranteed Series 31 on June
10, 1987, and incorporated herein by reference).
99.2.1 -- Form of Certificate.
*99.3.1 -- Opinion of Battle Fowler LLP as to the legality of the
securities being registered.
99.4.1 -- Information as to Partners of Glickenhaus & Co.
(filed as Exhibit 4.1 to Amendment No. 1 to Form S-6
Registration Statement No. 33-26577 of Empire State
Municipal Exempt Trust, Guaranteed Series 46 on April
19, 1989, and incorporated herein by reference).
99.4.2 -- Information as to Officers and Directors of
Lebenthal & Co., Inc. (filed as Exhibit 4.2 to
Amendment No. 1 to Form S-6 Registration Statement No.
33-22568 of Empire State Municipal Exempt Trust,
Guaranteed Series 39 on August 9, 1988, and
incorporated herein by reference).
99.4.3 -- Affiliations of Sponsors with other investment
companies (filed as Exhibit 4.6 to Amendment No. 1
to Form S-6 Registration Statement No. 2-95041 of
Municipal Insured National Trust Series 1 on March
21, 1985, and incorporated herein by reference).
99.4.4 -- Stockbrokers' Bond and Policy, Form B for
Glickenhaus & Co. (filed as Exhibit 4.7 to Form S-6
Registration Statement No. 2-95041 of Municipal
Insured National Trust Series 1 on December 21,
1984, and incorporated herein by reference).
99.4.5 -- Stockbrokers' Blanket Bond Policy, Standard Form No. 14
for Lebenthal & Co., Inc. dated April 5, 1983.
*99.5.1 -- Consent To Be Evaluator of Muller Data Corporation and
Affirmation Letter of Standard & Poor's Corporation.
*99.5.2 -- Affirmation Letter of Moody's Investors Service.
99.6.1 -- Copies of Powers of Attorney of General Partners of
Glickenhaus & Co. (Filed with Amendment No. 1 to Form S-6
Registration Statement no. 333-17307 of Empire State
Municipal Exempt Trust Guaranteed Series 134 on April 2,
1997 and with Post-Effective Amendment No. 7 to Form S-6
Registration Statement No. 33-40723 of Empire State
Municipal Exempt Trust Guaranteed Series 77 on November 25,
1997, and incorporated herein by reference).
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* To be filed by amendment.
+ Filed with Amendment No. 1 to Form S-6 Registration Statement No.
333-17307 of Empire State Municipal Exempt Trust, Guaranteed Series 134
on April 2, 1997 and incorporated herein by reference.
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6.2 -- Copies of Powers of Attorney of Directors and certain officers
of Lebenthal & Co., Inc. (filed as Exhibit 6.2 to Amendment
No. 1 to Form S-6 Registration Statement No. 33-55385 of
Empire State Municipal Exempt Trust, Guaranteed Series 109
on November 2, 1994, and incorporated herein by reference).
*27 -- Financial Data Schedule
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* To be filed by amendment.
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317723.1
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UNDERTAKING TO FILE REPORTS
Subject to the terms and conditions of Section 15(d) of the
Securities Exchange Act of 1934, the undersigned registrant hereby undertakes to
file with the Securities and Exchange Commission such supplementary and periodic
information, documents, and reports as may be prescribed by any rule or
regulation of the Commission heretofore or hereafter duly adopted pursuant to
authority conferred in that section.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant, Empire State Municipal Exempt Trust, Guaranteed Series 140 has duly
caused this Registration Statement to be signed on its behalf by the
undersigned, hereunto duly authorized, in the City of New York and State of New
York on the 17th day of December, 1997.
EMPIRE STATE MUNICIPAL EXEMPT TRUST,
GUARANTEED SERIES 140
By: GLICKENHAUS & CO.
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(Sponsor)
By: /S/ MICHAEL J. LYNCH
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(Michael J. Lynch, Attorney-in-Fact)
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.
NAME TITLE DATE
ALFRED FEINMAN* General Partner
- ---------------------------------
(Alfred Feinman)
JAMES M. GLICKENHAUS* General Partner
- ---------------------------------
(James M. Glickenhaus)
SETH M. GLICKENHAUS* General Partner, Chief
- --------------------------------- Investment Officer
(Seth M. Glickenhaus)
*By: /s/ MICHAEL J. LYNCH December 17, 1997
- ---------------------------------
(Michael J. Lynch,
Attorney-in-Fact)
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* Executed copies of powers of attorney were filed as Exhibit 6.1 to
Registration Statement No. 333-13707 on April 2, 1997 and Post-Effective
Amendment No. 7 to Registration Statement No. 33-40723 on November 25, 1997.
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317723.1
<PAGE>
UNDERTAKING TO FILE REPORTS
Subject to the terms and conditions of Section 15(d) of the
Securities Exchange Act of 1934, the undersigned registrant hereby undertakes to
file with the Securities and Exchange Commission such supplementary and periodic
information, documents, and reports as may be prescribed by any rule or
regulation of the Commission heretofore or hereafter duly adopted pursuant to
authority conferred in that section.
SIGNATURES
Pursuant to the requirements of the Securities Act of 1933, the
registrant, Empire State Municipal Exempt Trust, Guaranteed Series 140 has duly
caused this 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
17th day of December, 1997.
EMPIRE STATE MUNICIPAL EXEMPT TRUST,
GUARANTEED SERIES 140
By: LEBENTHAL & CO., INC.
----------------------------------
(Sponsor)
By: /s/ D. WARREN KAUFMAN
------------------------------------
(D. Warren Kaufman, Attorney-in-Fact)
Pursuant to the requirements of the Securities Act of 1933, this
Registration Statement has been signed below by the following persons in the
capacities and on the dates indicated.
NAME TITLE DATE
H. GERARD BISSINGER, II* Director
- ---------------------------------
(H. Gerard Bissinger, II)
JEFFREY M. JAMES* Director
- ---------------------------------
(Jeffrey M. James)
/s/ D. WARREN KAUFMAN* Director December 17, 1997
- ---------------------------------
(D. Warren Kaufman)
ALEXANDRA LEBENTHAL* Director, President
- ---------------------------------
(Alexandra Lebenthal)
JAMES A. LEBENTHAL* Director, Chief Executive Officer
- ---------------------------------
(James A. Lebenthal)
DUNCAN K. SMITH* Director
- ---------------------------------
(Duncan K. Smith)
*By: /s/ D. WARREN KAUFMAN December 17, 1997
(D. Warren Kaufman, Attorney-In-Fact)
- ----------------
* An executed copy of the power of attorney was filed as Exhibit 6.2 to
Amendment No. 1 to Registration Statement No. 33-55385 on November 2, 1994.
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