HomeMy WebLinkAboutA015 - Irrevocable Letter of Credit No. 9817 dated February 19, 1999 - $15,000 STFIRST
NATIONAL
BANK AMES
Locally owned...working for you since 1903.
February 19, 1999
IRREVOCABLE LETTER OF CREDIT#9817
City of Ames
515 Clark
Ames, IA 50010
RE: �Sunc�rest, .
.exander Avenue
Ames, IA 50010
Gentlemen:
We hereby open our Irrevocable Letter of Credit#9817 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 $15,000.00 U.S. Dollars. Irrevocable Letter of Credit #9817 will expire on
February 19, 2000.
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#9817.
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 Practice of Documentary Credit
(1983) Revision, International Chamber of Commerce Publication#400.
9d- C Jacobson
Sr. Vice President
MAIN OFFICE UNIVERSITY OFFICE CUB FOODS OFFICE NORTH GRAND OFFICE
5th&Burnett PO Box 607 Ames,IA 50010 2330 Lincoln Way Ames,IA 50014 3121 Grand Ames,IA 50010 2406 Grand Ames,IA 50010
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