HomeMy WebLinkAboutA006 - Irrevocable Letter of Credit #1185 - $139,500 Irrevocable Letter of Credit#1185 DATED: August 18, 1995
City of Ames, Iowa
515 Clark
Ames, IA 50010
Attn: City Clerk
h rize the City of Ames Iowa to draw on Firstar Bank Ames Ames Iowa 50010
We hereby auto ,
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for the account of Robert O. Buck, Robert K. Friedrich, Donald M. Furman and Erben A.
Hunziker, up to the aggregate amount ofUSD $139,500.00 (One Hundred Thirty-Nine Thousand
Five Hundred and NO/100 dollars) available by your draft(s) at sight accompanied by the
following documents:
Signed statement of the Director of Public Works of the City of Ames, Iowa that the
street and light improvements as agreed to as condition for approval of Northridge
13th Addition, Ames, Iowa, have not been completed to meet the plans and specifications
of the City of Ames.
Each draft must state that it is "Drawn under Firstar Bank, Letter of Credit No. 1185 Dated
August 18, 1995. This credit and all documents specified must accompany the draft(s).
We hereby agree that all draft(s) drawn under and in compliance with the terms of this credit will
be duly honored on delivery of documents as specified if presented at this office in Ames, Iowa no
later than August 18, 1996.
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,
FIRSTAR BANK AMES
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Anthony W. otc .ss John T. Russell
President Vice President
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