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.- rDZC ~ • <br />Federal Aeprac.L '*+~ree Co-part:ioc <br />Lanny 1 ~n~•- t.C~ 2]x:1'., f~::.a, ~ 7L: <br />fL00) S27-YID a m~) 7Y'eai L~:ir Lsa~a: ,~•.~ <br />• CERTIFIm HAIL K0. P 676 D+2 23g <br />April IE, I°~~ :~ <br />t~ c ~ P r. 'S <br />State of Colorado <br />Departa)eni of Natural Resourtes <br />kinedland Reclacation Division ic" `~~ '='~ <br />LZ3 Centennial Building tifil.f~ `qh~ <br />Denver, CD 80203 ~~jj , ae~~T)~ti ~),,.; ~., <br />r ~V~ <br />Subject: 8036, Texas American Bank/For. ltorth, 1~.A. <br />For: Worth, Texzs - In Receivership <br />Letter of Credit No. ii345 <br />Pueblo Caal, Inc. <br />Tp i1HDM IT MAY CDNCER1t: <br />Dn 3uly, 20, I9P9, Texzs American Bank/Fo:: k'Drth, Ii. A. Fort kort.'., Texzs ('Bznk') ~zs <br />closed and the Comptroller of the Currency appoir,~ed the FDIC zs 'r.Eteiver <br />('keceiver'). Under the laws of the United States, the keceiver is tnzroed trig tnE <br />duty of winding-up the affairs o; the Bank is Expeditiousi}' as pcssiiiE. <br />Tne Bznk's records indicate that you rzy be z bene'iciar}' ca^t}' or.:nE zbove mentioned <br />standb}' letter of Credit purportedly issuec by the Bank ir.:ne aWou:: c; 5_3's,?~^. DO. <br /><~~ <br />• ~ in reviewing whether z stzndby letter of Credit is z proYZbie ciziW, :he ke aivEr hzs <br />concluded that timing of the events which result In E crzft 2nc tc~ „ znce wltn tee <br />requirements of the letter of credit will detersive if the s::~ject iE:ter or cre=:: <br />rearesen~.s an enforcEZbiE obligation of the Bank znd the keceiver zs succESSOr <br />the^ESD. In the Event V4IIr le` 9^ Df '~ EClt '.S SetDrEC 1^, Wnal£ C' 'va` , VDU ~Z ~' :2Y9 <br />rioh:s tD that collateral. hOWEYef, the keceiver ~2}' nqt DE abiE :D Drgpe^I}' SerYe <br />Vaa and fulrlll its resaonsiollltles a5 keceiver in zn E-e .lve zn E-rlcler.: czrner <br />D°-tallSE it 'IS not Set lip LD fgrit tl0n aS a CO1r.IL~r'.idl bank. <br />tindEr these CirtUmStanL°_S, it is recommended thzt you arrang= i'or the issuzr.c= c= z <br />new standby iE:'ter of credit from the tccount pz^}', Pueblo CDZI, ir.c., :rrc_.h <br />mother bznk. <br />If YOU Teel that YDll hdYE a C)a]L. 2galnSt tmE KetElver yDL' SngUld tC"t2::: <br />Claus Anent/LargE Banks <br />Federal Deposit insurancE Corporation <br />P.O. Box 214155 <br />L•alias, Texts 15221 <br />if Val: haYE any aD°_StlanS Or ne°_C ad;.itianai 1'f C:,,,itiDT„ pIE2SE tDr..c=- t•E. <br /> <br />.._: Puebic Coal, irc. <br />4D0 Firr. t;ational Buiidin~ <br />k'ichita Fzlis, ~ Ic30I - <br />-~. <br />Very t„iy yo_rs. <br />Bank Ciosire :oEc;z;i:: <br />