HomeMy WebLinkAboutA022 - Irrevocable Letter of Credit #1110 dated June 21, 1988 I S ci ee.5carck
UNITED BANK AND TRUST
P. 0. BOX 828, 405 MAIN STREET, AMES, IOWA 50010
June 21, 1988
Irrevocable Letter of Credit #1110
City of Ames, Iowa
Department of Planning and Housing
125 South 3rd St.
Ames, Iowa 50010
Gentlemen:
We hereby issue our Irrevocable Letter of Credit #1110 dated
June 21, 1988, in your favor for the sum or sums not exceeding in
total One Hundred Thirty-Seven Thousand Five Hundred Dollars and no
cents ($137,500.00) .
For the account of Iowa State University Achievement Foundation; on
behalf of Iowa State University Research Park Corporation.
This Letter of Credit will expire 183 days from date. Any checks
against this Letter of Credit shall be duly onor upon presentation
before expiration date and marked "Drawn under Letter of Credit #1110,
United Bank and Trust, Ames, Iowa." Drafts are not to be presented
for collection unless payment is not made within usual terms.
Except as otherwise stated herein, this Letter of Credit is subject to
the Uniform Customs and practices for Documentary Credits per I.C.C.
Publications No. 290 (1974 revision) and is subject to the provision
of the Commercial Code of the State of Iowa.
Sincerely,
UNITED BANK AND TRUST
Richard M. Fis h r s R. Michaud
Executive Vice President Vice President