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Exhibit 4(b)
CERTIFICATE OF TRUST
OF
SEA PINES ASSOCIATES TRUST I
This Certificate of Trust of Sea Pines Associates Trust I (the
"Trust"), dated December 14, 1999, is being duly executed and filed by the
undersigned, as trustees, to form a business trust under the Delaware Business
Trust Act (12 Del. C. (S) 3801 et seq.)
1. Name. The name of the business trust being formed hereby is
Sea Pines Associates Trust I.
2. Delaware Trustee. The name and business address of the
trustee of the Trust with a principal place of business in the State of Delaware
is First Union Trust Company, National Association, whose business address is
One Rodney Square, 920 King Street, 1st Floor, Wilmington, Delaware 19801,
Attention: Corporate Trust Administration.
3. Effective Date. This Certificate of Trust shall be
effective as of its filing with the Delaware Secretary of State.
IN WITNESS WHEREOF, the undersigned, being the trustees of the
Trust as of the date hereof, have executed this Certificate of Trust as of the
date first above written.
FIRST UNION TRUST COMPANY, NATIONAL
ASSOCIATION, as Delaware Trustee
By:
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Name:
Title:
Administrative Trustee
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Michael E. Lawrence
