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<br />../ <br /> <br />~ <br /> <br />"'~ ; . <br /> <br />.'~~' <br /> <br />"',: )' (''''r,,''! <br />'..., ,:5 1 <br /> <br />;- .. ,]')F .j,'l <br /> <br />~'. j" ~ : J r <br /> <br />'"'' ~)~; .~, 'i 1 <br /> <br />IRREVOCA ELE LETTER OF CREDIT <br /> <br />September 1, 1977 <br /> <br />Letter of Credit No, 126 <br /> <br />City of New Brighton <br />803 5th A venue NW <br />New B:-ighton, MN <br /> <br />Gentlernen: <br /> <br />We hereby establish our Irrevocable Letter of Credit in your <br />favor up to an aggregate amount not to exceed Ten Thousand <br />Eight Hundred Four Dollars and no/100 ($10,804,00) available <br />by sight drafts drawn on us for the account of R CE Corporation, <br />This Letter of Credit is established to enable RCE Corporation <br />to obtain the necessary Certificate of Occupancy and guarantees <br />the completion of landscaping and concrete curbing at Rice <br />Creek Center, <br /> <br />Drafts drawn under this Letter of Credit must be endors ed <br />hereon and must bear the clause, "Drawn under Fidelity Bank <br />and Trust Company Letter of Credit No, 126 dated September 1, <br />1977", We hereby agree with the drawners 1 endors ers and <br />bona fide holders of drafts that the same will be duly honored <br />upon presentation if accompanied by an offically signed letter <br />from the City of New Erighton stating that the above mentioned <br />improvements have not been completed provided it is negotiated <br />on or before August 31, 1978. <br /> <br />FIDELITY ,BANK AND TRUST COMPANY <br /> <br />( <br /> <br />t <br /> <br />L1 <br /> <br />\ <br /> <br />, -;, <br /> <br />, . \, t.' '~'"':j,,, ,. / ,> . ~ <br />Ey. i '.'1 ,i,." <br />'" j <br />STEPHENJ JEA TRAN <br /> <br />A SSIST A NT V ICE PR ESIDENT <br /> <br />,,' <br /> <br />i ~l- '), <br />;>'''''.-'1 / ,/ <br />" ./ / I <br />r /./ C. <br /> <br />" <br />