HomeMy WebLinkAboutA013 - Irrevocable Letter of Credit #1188 dated August 15, 1996 t+► I S*4--'I z"A
Irrevocable Letter of Credit#1188 DATED: August 15, 1996
City of Ames
515 Clark
Ames, Iowa 50010
Gentleman:
We hereby open our Irrevocable Letter of Credit#1188 in your favor available by your draft(s(on
ourselves at sight for any sums not exceeding in total $31,000.00 (Thirty-One Thousand Dollars
and NOI100) for the account of Hunziker Development, Ames, Iowa..
Drafts) must be accompanied by your written signed statement to the effect that the draft(s)
drawn hereunder represents payments due to City of Ames, Ames, Iowa. Draft(s) are not to be
presented for collection unless payment is not made within the usual terms.
Each Draft must bear upon its face the clause "Drawn under Letter of Credit No. 1188 of Firstar
Bank Iowa, N.A., Ames, Iowa."
We hereby agree with you that draft(s) under and in compliance with the terms of this Letter of
Credit will be duly honored if presented to the above-mentioned bank on or before August 15,
1997..
This Irrevocable Letter of Credit is subject to the Uniform Customs and Practices for
Documentary Credits (1974 Revision) International Chamber of Commerce Publication No. 290.
Firstar Bank Iowa, N.A.
Ames, I a
By: By:
Carma Plessing Kara S. Boothroyd
Vice President Business Banking Officer