HomeMy WebLinkAbout780732.tiff • _Gill
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Greeley national Bank J UN 1 1978
WELD COUNTY
Standby
Engineering Department
Irrevocable Letter of Credit
No. 13
Date May 31, 1978
TO:
1A E F COLORADO
County of Weld COUNTY OF WELD sf•
State of Colorado Flied with th:. Ct.,ik e1 the board
of County Commissioners
• J U 1 1 1978
Gentlemen: COUNTY CLERK AND■[CORDER
BY Deputy
We hereby open our. Irrevocable Letter of Credit in your
favor in the amount of Fifty thousand and no/100
Dollars (-- 50, 00-0-. 00 )available by drafts at
3 days after sight and subject to the following terms and
conditions :
1. Drafts All drafts must be drawn on Greeley National
Bank on or before June 2, 1979 , and must bear the
reference: "DRAWN ON GREELEY NATIONAL BANK LETTER OF CREDIT
NO. 13 (revised) , DATED May 31, 1978
2. Notation This is a notation letter of credit..
Each draft must be accompanied by this Letter of Credit for
endorsement by Greeley National Bank of the amount and date of
each draft and the balance remaining. This Letter of Credit
must be surrendered to Greeley National Bank when exhausted.
3. Purpose This Letter of Credit is issued for the
account of Dave Knaus Jr. and Katherine Knaus
Disbursements will be made under this Letter of Credit to pay
for: subdivision improvements ie; grading; pavin1, fire hydrants,
survey and monuments, street signs aannc, engineering.
This Letter of Credit relates to the following described real
property: Knaus Subdivision 2nd and 3rd Filings
4 . Documents All drafts must be accompanied by the
following documents:
a. Presentation of. this Letter of Credit for notation
780732
Post Office Box 1098 • Greeley,Colorado 80631 • Phone (303)356-1234
5. Other Terms and Conditions This Letter of
Credit shall not be transferable. It shall be governed by
the laws of the State of Colorado, including the Uniform
Commercial Code as in effect in that State. This Letter of
Credit is NOT subject to the Uniform Customs and Practice
for Documentary Credits.
6. Obligation of Issuer The Greeley National Bank
agrees with the drawers, endorsers, and good faith holders of
drafts drawn under and in compliance with the terms of condi-
tions of this Letter of Credit that Greeley National Bank will
duly honor such drafts upon presentation to this office.
THE' 'ELEY NATIO L B
By_ •*In
Its ic= President
DATE PAID BY AMOUNT OF DRAFT BALANCE REMAINING
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