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<br />CII^HI.~~ W. UttJ(~O~ ;JHnt. IIJ"O) <br />.J. Nt:1J, lohH'1"{)'k <br />IS'7.~"rir.::i,:-:'ONO'N <br /> <br />. l.id'H":"f(~r. J)AVI~ <br />",NI( JlAMNO'ND <br />ONAun ,f. I\r.;yt.,. <br />CHANT <br />111)1' M, SUI,1.IV....:N <br />.HNAU1) P. JiJUr.l. <br />'1Ml" E. SWAJif~O~ <br />M..L (iALVIW.JJi'. <br />DJIoVIU C. FO:&:B"~Jl(l <br />.JOHN .J. McN~t.:u' <br />(ir:kALD H. S,W.A.)l2'lON <br />McNr.u. V_ SEY:NO~III.J)l_ <br />Tt."ENCE N. DOYLE <br />HICHAllD H. KTL~ <br />JO~ATJU.:N H. MOJrU.A.lf <br />t.IOlIM L. DKV)t~., <br />R. L. SOJUI:)IeOlll <br />PET~" H. Si:~n <br />PHJUP L. BaUNEIl <br />S.&.NU.r;L L. HA.MSON <br />RON.A.1.D E.OIlOn.a.RD <br />JOHN R. KZWitPICB: <br />JOHiII R. Fa'm:DMA.H <br />ANDRE J. ZU1U.Z1L <br />DA.VJD J. SP~NCEB' <br />D....NUU.. J. COLE. JJiI. <br />PltA1UI W. S]P.JN~ <br />DOUOu.s L. SaOR <br />M~CH.A.EL H. JJ:JlOMIMU5 <br />R. Scot"]' DAVIES <br /> <br />I <br /> <br />I <br /> <br />LAW OlrJ'lC' E S <br /> <br />BRIGGS AND MOHGAN <br /> <br />.IAIH:s W.1.1TTl.I>;YIy,).n <br />..JtHiN n, VAN UI~ 'NOH111,J.L <br />R!nU.IiD G, M,.,IU <br />A.lfDUEW C. llE<.:Hr.;k <br />M.l.l<AIlYANSftr: <br />,JE1WME A..liY:)!!i; <br />DAvit) L_ MI'ft.:IIEU. <br />BUNNIE L.llr:.u.it.ZUV~kY <br />STI~VE ^_ BY:AND <br />~1AHj( W. W:r.STIIA <br />...JEYJ'"Jlr.y F. SUAW <br />DAVU.J G. GK~.tMI)IO <br />DAVID B. SAND <br />EETTY L. MUM <br />C IIAIU_2.8 R. HAYllOH <br />ANDREA M. BOND <br />MAJlTIN H. FISK <br />JOHN HULT~)l.A. <br />Ron~BT L. O...VlS <br />RICHARD H. MAIitTIM <br />TaUDT H. SCHROEH <br />M.,A.BY 1._lpPl;L <br />DAVID ...1. AU.EN <br />ROBYN L. ~SE~ <br />R01'IA.LD L. Aa.llAHS <br />M..&..BO.t\BET K. SAVAO~ <br />L~SL:fE M. FROST <br />HBIAN G. HELtSLE <br />MAllY SCb:.,Ll'I"li~;P EV]}iOEB <br />M1CBAl!.L 11. SiSE.A.Tt.Jl <br />RJCHAnD D. ANDHH50N <br /> <br />J'J<OI'I<SSIONAI. ASSOCIATiON <br /> <br />2200 1'lHST NATIONAl. BANK IJlJlLDINO <br /> <br />SAINT PAUL, MINNESOTA ~OIOI <br /> <br />24~2 1 D S CENTEJ< <br /> <br />M,INNEAPOLIS,MINNESOTA 00402 <br /> <br />(612) 291-UH~ <br /> <br />March 28, 1980 <br /> <br />OP COt.JNSEL <br />Ru::;H...a..:RD E. KYLE <br />FJU.NK N. GRAIIAM <br /> <br />HEPLY TO St. Paul <br /> <br />Mr. Donald Lais <br />Lais, Bannigan & Ciresi, P.A. <br />Midwest Federal Building <br />Saint Paul, Minnesota 55101 <br /> <br />Re: <br /> <br />Wo1kerstorfer Company, Inc. <br />Subordination Agreement <br /> <br />Dear Don: <br /> <br />Enclosed is proposed form of Subordination Agreement per- <br />taining to the security interests of the Northwestern Mutual <br />Life Insurance Company and Midland National Bank of Minn~apolis <br />(SBA) in the equipment of Wolkerstorfer. <br /> <br />Midland requires that this Subordination Agreement be <br />executed so as to confirm the agreement of the parties that the <br />interests of Northwestern and the City in Wolkerstorfer's equip- <br />ment be subordinate and junior to the interest of Midland. . <br /> <br />This form is virtually idential to the one previously signed <br />by the City in October. <br /> <br />I will be contacting you next week to discuss this form and <br />to make arrangements for execution by the City. <br /> <br />Very truly yours, <br /> <br />Mo-c <br /> <br />McNeil V. Seymour, Jr. <br /> <br />MVSJr:dh <br />Enclosures <br /> <br />cc Mr. william J. Wolkerstorfer <br />