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HomeMy WebLinkAboutA009 - Letter of Credit No. S102875 dated September 22, 1997 - $30,000 ' T LE3CTfft 10117 Fksw ink Milwaukee,N.A. SWIFT:FlNJSUS44 777}rest Wisconsin Avenue P.Q.Box 532 TELEFAX: (414)765 2,07 Milwaukee,Wisconsin 53201 U.S.A. a k: PTEMBER 22, 1997 ENEF dIARY� APFLI :ANT: :. �YF;DAMES g, NALD E a 'BARBER > A, AND LEANNAy IC. BARBER ,TTN ...0 I"TY °CLERK" 1�tES . IA 50010 285 SE " i STtEET' 1.O'` OUR IRREVOCABLE STANDBY LETTER OF "CREDIT NO. S102875 GENTLEMEN/MADAM: WE HEREBY ESTABLISH IN YOUR FAVOR, OUR IRREVOCABLE STANDBY LETTER OF- CREDIT FOR ACCOUNT AND BY ORDER OF THE APPLICANT, NOT EXCEEDING A TOTAL AMOUNT OF 30,000.00 U.S. DOLLARS (THIRTY 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 TERMS OF THE AGREEMENT FOR IMPROVEMENTS :.FOR THE ,APPROVAL OF AS ,A CONDITION, t THE''FINAL"= INDUSTRIALP�tOP F VULCAN INDUSTRIAL ERrfiIES.' �UBDIVTSIt9N, A REPLAY -QF. LOT 7, IN PETE COOPER, SUBDIVISllON,TOAMES, ©WA HAS, 1tT':.BEEN:FULFILLED, IN.THAT THE SANITARY SEWER HAS NOT f" EEN CQMPL91'ED, .WITHIN TWO YEARS OE iPRIL " , 1$97:r THE DATE ,y OF .THE. 4F WE FINAL �LA'� I' SAID SUPtDI'C�I�ION. PARTIAL DRAWINGS'ARE, PERMITTED. THE AMOUNT OF ANY DRAFT(S) "DRAWN UNDER TH ,S CRETIITMUST BE ENDORSED ,©N THE REVERSE "OF THE ORIGINAL CREDIT. ALL DRAFTS MUST BE MAR LED .'rDRAWN UNDER FIRSTAR BANK ....ILWp,LKEE, .N:A. STAN BY JII LETTER OF CREDIT` NUMBER S102875,.PMED EF'I`EMBER 2Z,, 1997 ." ****CONTINUED ON NEX!X' PAGN**** -21898(949) � Firstar Bank Milwaukee,N.A. TELEX TRT 191178 777 East Wisconsin Avenue SWIFT: FWISUS44 P.O. Box 532 TELEFAX (4141765-6207 Milwaukee, Wisconsin 53201 U.S.A.. r OUR REF. NO. S102875 PAGE 2 WE 'HEREBY AGREE' WITH YOU THAT DRAFTS DRAWN UNDER AND IN COMPLIANCE WITH THE TERMS OF THIS CREDIT WILL. 'BE DULY HONORED ON - PRESENTATION "ANO DELIVERY OF DOCUMENTS, AS SPECIFIED, TO FIR TAR BAND MILWAUKEE, N.A.`, LETTER OF CREDIT DEPARTMENT, P.O. BOX 532, MILWAUKEE, WI 53201,, IF DRAWN, AND NEGOTIATED, "'OR.I�F 'DRAWN." AND FRESE�!iTED.A' THIS. OFFICE ONr�OR:BEFORE APRTL 2 , 1998 THIS. CREDIT IS SUBJECT TO THE UNIFORM! CUSTOMS 'AND PRACTICE",FOR DOCIUMENTARY `CREDITS '(1993 REVISION) , INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NO. 500. VERY TRULY YOURS, MARE GREMER KAY BREMSER 414 765-5626 KB '1898(949)