Ord 1984-087 - Laserfiche WebLink

Home Browse Search

IRREVOCABLE LETTER OF CREDIT NUMBER DATE City of San Marcos 630 E. Hopkins San Marcos, Texas 78666 To The City of San Marcos: We hereby issue our irrevocable letter of credit in your favor for the account of up to an aggregate amount of $ This amount is available by your drafts at sight drawn on bearing the clause: "Drawn under letter of credit number of .. The draft must be accompanied by: 1. A payment demand notice issued by the Director of Finance of the City of San Marcos on the above identified account; 2. A copy of the resolution passed, bY the City Council of the City of San Marcos awarding a contract for the provision of package plant wastewater treatment; and, 3. A copy of the original of this letter of credit. We hereby engage with you that drafts drawn under and in compliance with the terms of this letter of credit will be duly honored on presentation at our office until 12 noon on December 24, 1984 when this letter of credit expires. The monies paid pursuant to this Letter of Credit are subject to all, of the terms, conditions and requirements found in that Letter of Invitation, Understanding, and Agreement for Reservation of Wastewater Package Plant Capacity issued by the City Manager on September 14, 1984, and approved by the City Council on September 13, 1984. This letter of credit is subject to the Uniform Customs and Practice for Documentary Credits (1974 revision), International Chamber of Commerce Publica- tion NO. 290. Very truly yours, Name of fJ.nancial J.nstJ.tution offJ.cer (type or print): : Title of officer: I I Officer's signature: I *** Name of financial institution (Type or print) and Employer's [' identification number Address I *** Ap licant Information I Applicant name (Legal entity name only) (type or prJ.nt): ! Applicant Social Security Number, Employer's identification number! !Applicant mailing address: I I j City of San Marcos, Form LIC 9.13.84