Laserfiche WebLink
<br />~ <br /> <br />~()!n II A ~l E R I C,\:-; fh:-; E-: [:-; C C (1~! I''\:-': Y <br /> <br />IRREVOCABLE LETTER OF CREDIT <br /> <br />TO: <br /> <br />City of Roseville <br />2660 Civic Center Drive <br />Roseville, MN 55] 13 <br /> <br />No. <br />Date: <br /> <br />3001827 <br />April 6, 1999 <br /> <br />Dear Sir or Madam: <br /> <br />We hereby issue, for the account of James M. and Deborah J. Schreier (Schreier's) and in <br />your favor, our Irrevocable Letter of Credit in the amount of S6,489, available to you by your <br />draft drawn on sight on the undersigned bank. <br /> <br />The draft must: <br /> <br />a, Bear the clause, "Drawn under Letter of Credit No. 3001827 dated April 6, 1999, <br />of North American Banking Company, and Schreier's have defaulted under the <br />PUD # 1218 and any applicable cure period has expired"; <br /> <br />b. Be signed by the City Manager or Mayor of the City of Roseville, <br /> <br />c, Be presented for payment at North American Banking Company, on or before <br />4:00 p.m. on October 6, 1999. <br /> <br />This Letter of Credit sets forth in full our understanding and is issued pursuant to that <br />contain PUD #1218 between the City of Roseville and Schreier's dated 2/8/99 , and shall not in <br />any way be modified, amplified, or limited by reference to any document, instrument, or <br />agreement, whether or not referred to herein. <br /> <br />This is not a Notation Letter of Credit. More than one draw may be made under this <br />Letter of Credit. <br /> <br />This Letter of Credit shall be governed by the most recent revision of the Uniform <br />Customs and Practice for Documentary Credits, International Chamber of Commerce Publication <br />No. 500, <br /> <br />We hereby agree that a draft drawn under and in compliance with this Letter of Credit <br />shall be duly honored upon presentation. <br /> <br /> <br />~~;D :\I.J'ERT ~'11;1:!"1 ,Rn>l;\'11 LE \lISSl""f\' nIl;' I'IIU~'E: (;,1,(';1'.-)(",;' 1'\\: (,il'(':('.~.I-.1 <br />