Opinion ID: 1758310
Heading Depth: 1
Heading Rank: 5

Heading: of minneapolis

Text: Letter of Credit No. C89546 Minneapolis, Minnesota [March 16,] 19[59] Gentlemen, We beg leave to introduce to you and to commend to your courtesies [Walter I. Merila] a specimen of whose signature appears in the accompanying list of correspondents. Kindly provide [Walter I. Merila] with such funds as may be required up to an aggregate amount of U.S. $[$53,500] Dollars against _____ drafts drawn at sight in United States Dollars on The National City Bank of New York New York City We engage that such drafts negotiated by you before the first day of [April 1, 1960] will be duly honored. The amounts paid must be endorsed upon the Letter of Credit and the drafts must state that they are drawn under N.C.B. Letter of Credit No. C 89546 dated [March 16,] 19[59]. Your charges, if any, are to be paid by the beneficiary. When exhausted, this Letter of Credit must be canceled and attached to the final draft. Yours respectfully, [Northwestern National Bank of Minneapolis] [By: Signature of Bank Officer] To Messrs: The Bankers mentioned in the accompanying list of correspondents. This letter also included the following statement executed by the National City Bank of New York: NOT TO EXCEED ($100,000.) ONE HUNDRED THOUSAND DOLLARS This Credit is issued under our protection and for our account