HomeMy WebLinkAboutA006 - Irrevocation Letter of Credit No. S103037 - $64,000 FIRSTA Firstar Bank Milwaukee, N.A. TELEX TRT 191 178
777 East Wisconsin Avenue SWIFT: FWISUS44
P.O. Box 532
Y 'BANK Milwaukee, Wisconsin 53201 U.S.A. TELEFAX: (414t 765-6207
(\v
DECEMBER 19 , 1997
BENEFICIARY: APPLICANT:
CITY OF AMES ERBEN A HUNZIKER,
515 CLARK AVENUE DONALD FURMAN, ROBERT BUCK &
AMES, IA 50010 REINHARD K. FRIEDRICH
105 S . 16TH STREET
ATTN: CITY CLERK AMES, IA 50010
OUR IRREVOCABLE STANDBY LETTER OF CREDIT NO. S103037
GENTLEMEN/MADAM:
WE HEREBY ESTABLISH IN YOUR FAVOR, OUR IRREVOCABLE STANDBY
LETTER OF CREDIT FOR ACCOUNT OF THE APPLICANT, BY ORDER OF
FIRSTAR BANK IOWA, N.A. -AMES, 405 MAIN STREET, AMES, IA 50010,
NOT EXCEEDING A TOTAL AMOUNT OF 64 , 000 . 00 U. S. DOLLARS (SIXTY
FOUR THOUSAND 00/100 U.S . DOLLARS) .
PAYMENT UNDER THIS LETTER OF CREDIT IS AVAILABLE BY YOUR
DRAFT(S) AT SIGHT ON FIRSTAR BANK MILWAUKEE, N.A. , MILWAUKEE, WI
TO BE ACCOMPANIED BY THE FOLLOWING DOCUMENTS :
BENEFICIARY' S STATEMENT SIGNED OR PURPORTING TO BE SIGNED BY OR
ON BEHALF OF BENEFICIARY CERTIFYING THAT THE PUBLIC IMPROVEMENTS
CALLED FOR BY THE AGREEMENT FOR PUBLIC IMPROVEMENTS FOR NORTH-
RIDGE 16TH ADDITION, AMES, STORY COUNTY, IOWA HAVE NOT BEEN
COMPLETED BEFORE DECEMBER 22, 1998 .
PARTIAL DRAWINGS ARE PERMITTED.
THE AMOUNT OF ANY DRAFT(S) DRAWN UNDER THIS CREDIT MUST BE
ENDORSED ON THE REVERSE OF THE ORIGINAL CREDIT. ALL DRAFTS MUST
BE MARKED "DRAWN UNDER FIRSTAR BANK MILWAUKEE, N.A. STANDBY
LETTER OF CREDIT NUMBER S103037 DATED DECEMBER 19, 1997 . "
****CONTINUED ON NEXT PAGE****
30 2189E(949) --
F�RSTA Firstar Bank Milwaukee, N.A. TELEX TRT 191178
777 East Wisconsin Avenue SWIFT: FWISUS44
MILM P.O. Box 532
`BANK Milwaukee, Wisconsin 53201 U.S.A. TELEFAX: (414) 765-6207
OUR REF. NO. S103037 PAGE 2
CANCELLATION OF LETTER OF CREDIT PRIOR TO EXPIRATION: THIS
LETTER OF CREDIT (AND AMENDMENTS, IF ANY) MUST BE RETURNED TO US
FOR CANCELLATION WITH A STATEMENT PURPORTEDLY SIGNED BY THE
BENEFICIARY STATING THAT THE LETTER OF CREDIT IS NO LONGER
REQUIRED AND IS BEING RETURNED TO THE ISSUING BANK FOR
CANCELLATION.
WE HEREBY AGREE WITH YOU THAT DRAFTS DRAWN UNDER AND IN
COMPLIANCE WITH THE TERMS OF THIS CREDIT WILL BE DULY HONORED ON
PRESENTATION AND DELIVERY OF DOCUMENTS, AS SPECIFIED, TO FIRSTAR
BANK MILWAUKEE, N.A. , LETTER OF CREDIT DEPARTMENT, P.O. BOX 532,
MILWAUKEE, WI 53201, OR TO FIRSTAR BANK IOWA, N.A. —AMES, 405
MAIN ST. , AMES, IA 50010, ATTENTION: MR. JOHN T. RUSSELL IF
DRAWN AND PRESENTED AT THIS OFFICE ON OR DECEMBER 22 , 1998 .
THIS CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRACTICE FOR
DOCUMENTARY CREDITS ( 1993 REVISION) , INTERNATIONAL CHAMBER OF
COMMERCE PUBLICATION NO. 500 (THE "UCP" ) , OR THE SUCCESSOR
VERSION IN EFFECT AT THE TIME OF ANY DRAWS .
VERY TRULY YOURS,
AU_AUTHORI' ED SIGNATURE AUr#HORIZED SIGNATU. E
I
414 765-4203 .4
MG
30.21898 19491