HomeMy WebLinkAboutA013 - Irrevocable Letter of Credit No. 9706 dated August 15, 1997 - $33,270.00 FIRST NATIONAL SANK
AMES, IOWA
Locally owned and serving Ames and Story County since 1903
August 15, 1997
IRREVOCABLE LETTER OF CREDIT#9706
CITY OF AMES
515 Clark
Ames, IA 50010
RE: Suncrest,L.C.
235 Alexander Avenue
Ames, IA 50010
Gentlemen:
We hereby open our Irrevocable Letter of Credit#9706 in favor of:
CITY OF AMES
515 Clark
Ames, IA 50010
For the account of:
Suncrest, L.C.
235 Alexander Avenue
Ames, IA 50010
in the amount of $33,270.00 U.S. Dollars. Irrevocable Letter of Credit #9706 will expire on
August 15, 1998.,
Drafts for payment must be accompanied by the following:
1. Copies of all invoices which have remained unpaid for 60 days from invoice date.
2. Beneficiary's signed statement indicating that the invoices are unpaid.
3. Copy of this Irrevocable Letter of Credit#9706.
Partial payments are permitted.
We hereby agree that drafts drawn under and in compliance with the terms of this Letter of
Credit will be duly honored.
This letter of credit is subject to the Uniform Customs and Practices for Commercial
Documentary Credits (1983)Revision, International Chamber of Commerce Publication#400.
Sin ely,
Edward C. Jacobson
Sr. Vice President
UNIVERSITY OFFICE MAIN OFFICE CUB FOODS OFFICE NORTH GRAND OFFICE
2330 Lincoln Way Ames,IA 50014 51h&Burnett PO Box 607 Ames,IA 50010 3121 Grand Ames,IA 50010 2406 Grand Ames,IA 50010
515-292-6157 515-232-5561 FAX 515-232-5778 515-233-3363 515-233-2400