9-311.
IRREVOCABLE LETTER OF CREDIT
To: _________________________________________________________________
(judge, clerk, court administrator)
_____________________________________________________________________
Address
__________________ hereby opens its irrevocable letter of credit in your favor by
(financial institution)
order of __________________.
(bondsman)
This letter of credit is for the account of the __________________ Court of the City of __________________. The total amount of credit is $__________________.
Drafts will be honored at __________________ (address) payable on sight.
This irrevocable letter of credit will expire on __________________.
(Any specifications the financial institution may have concerning the description of the draft to be presented by the court against the letter)
__________________ hereby agrees with the drawers, endorsers and bona fide
(financial institution)
holders of drafts drawn under and in compliance with the terms of this irrevocable letter of credit that the letter will be duly honored upon presentation and delivery to drawee of all documents as specified.
________________________________________________________________
(financial institution)
By _____________________________________________________________
Signature
Its ____________________________________________________________
Title
[Approved effective September 1, 1990.]