HomeMy WebLinkAboutA036 - Irrevocable Letter of Credit No. 272 for $10,000 dated August 5, 1988 IV-nton National Bank of Des Moines
("Bank") Name AUG'; � BANK
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P.O. Box 891 BR E NTO N
Address �.o...�-,�„�,�.
Des Moines, IA 50304 CITY CLERK
City/State/Zip CITY OF AMES,IOWA Your.,%1.hC bank.
IRREVOCABLE LETTER OF CREDIT
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a: o Irrevocable Documentary Letter of Credit umber
Date:
o tr 272 August 5, 1988
F Applicant Beneficiary
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a Z Everett W. Cochrane
W City of Ames, Iowa
0 o d/b/a Mortensen I Project
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w P.O. Box 1099
2 a Ames, IA 50010
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UU)) a Amount
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0 a $10,000.00
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i-- o November 30, 1988
° Dear Sirs: We hereby issue in your favor this irrevocable docum r4ary.letter of credit whick}4"s ailable by negotiation of you
w ; draft, bearing our credit number, at P.O. Box 891 , Des Moines, IA 50304
m a drawn on Everett W. Cochrane d/b/a Mortensen I Project accompanied by the following documents:
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W Signed Declaration by an Authorized Official of the City of Ames, Iowa stating:
"The amount of the drawing under Brenton National Bank of Des Moines L/C #272
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U represents a sum due us from Everett W. Cochrane for completion of site work
To at Mortensen I Project consisting of landscaping,"
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O ° Documents to be presented within days after the date of issuance of the shipping document(s)but within the validity of the credit.
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Dispatch/Shipment from Partial Shipments Transshipments
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LATEST: Negotiating Bank To Forward All Documents in One Mail
WE HEREBY
S OF
DRAFTS DRAWN RUNDER AND NEE WITH THE DCO COMPLIANCE WITH THE TERMS OF THIS CREDIT ERS AND BONAFIDE R THAT All negotiation charges are for your account.
SUCH DRAFTS WILL BE DULY HONORED ON DUE PRESENTATION AND DELIVERY TO THE
DRAWEES OF THE DOCUMENTS AS SPECIFIED. IF NEGOTIATED ON OR BEFORE THE
EXPIRATION DATE OR PRESENTED TO THE DRAWEES TOGETHER WITH THIS LETTER OF
CREDIT ON OR BEFORE THAT DATE.
THE AMOUNT AND DATE OF NEGOTIATION OF EACH DRAFT MUST BE ENDORSED ON
THE REVERSE HEREOF BY THE NEGOTIATING BANK-
BR ON NATIONAL F DES MOINES ADVISING BANK'S NOTIFICATION
Number, Place, Date, Name and Signature of Advising Bank
"Bank")Name AUTHORIZED SIGNATURE
1084 Dean L. eyton, Vice PResident
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WilsonJones ,
GRAYLINE FORM 44-900 2-PART
e1983•PRINTED IN U.S.A.
To: M.4. Dionigi
From: Dean L. Peyton, V.P.
Date: August 8, 1988
Subject: Everett Cochrane
Per a conversation with Paul Wiegand this
is a replacement Letter of Credit for the
$120,000.00 L.C. you are currently holding
for Everett Cochrane Mortensen Project.
Please return the $120,000.00 L.C. in the
enclosed envelope. Thank you.
Brenton National Bank of Des Moines