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w� <br /> � <br /> ��� <br /> ♦ <br /> A�TCINOR BA,NK <br /> � <br /> '-yAY,'*�TA 105�Wayzata Boulevard East •6Vayzata,Minnesota 55391-1812• (612)473--1606•FAX(612)476-5219 <br /> Januazy 19, 1996 <br /> ,��;�; <br /> r � <br /> City of Orono �'' � �596 <br /> P.O. Box 66 <br /> Crystal Bay, MN 55323 <br /> RE: Letter of Credit No. 1622 - Lawrence J. Lukis & Donna Lukis <br /> To Whom It May Concern: <br /> We hereby establish our Irrevocable Letter of Credit No. 1622 in your favor <br /> for the account of Lawrence J. Lukis and Donna Lukis for a sum up to but not <br /> exceeding Fifteen Thousand Dollars and no/100 ($15,000.00) . C�,irrency is <br /> available by your draft(s) at sight on Anchor Bank National Association, 1055 <br /> Wayzata Boulevard East, Wayzata, MN 55391 . <br /> Drafts drawn under this credit must be marked "Drawn under Letter of Credit <br /> No. 1622 of Anchor Bank National Association dated Januazy 19, 1996", and <br /> the ariount and date of negotiation of each draft must be endorsed on the back <br /> hereof by the negotiating bank. <br /> This Letter of Credit No. 1622 expires on January 19, 1997, 3:30 p.m. <br /> Central Standard Time at our banking house located at 1055 Taayzata Boulevard <br /> East, Wayzata, i�1N 55391 . Drafts must be drawn and negotiated by this date. <br /> Payment under this Letter of Credit is to be by sight draft accompanied by <br /> documentary evidence attached for amounts which become past due. We hereby <br /> agree with the drawers and endorsers, and bona fide holders of draft drawn <br /> under and in compliance with the tenns of this credit. <br /> To the extent applicable hereto, this credit is subject to the "Uniform <br /> CtiisLoms and Practices for pocumentary Credit (1993 Revision) , The <br /> International Chamber of Conunerce Brochure No. 500". <br /> Sincerely, <br /> ���- ,� , <br /> ��L��yC�j; : <br /> Scott Elleraas <br /> Vice President <br /> ANCHOR BANK,NATIONALASSOCIATION•INDEPENDEM AND LOCALLY OWNED•MEMBER FDIC <br />