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i <br />FDIC ~ ~ <br />Federal Deposit Insarance Corpora:icc <br />~eao~ Qr-seu a m.> >s.-ooae <br />CERTIFIED HAIL N0. P 676 042 239 <br />April 16, 1950 <br />State of Colorado <br />Department of Natural Resources <br />Ninedland Reclamation Division <br /><23 Centennial Building <br />Denver, CO 80203 <br />Subject: 4036, Texas American Bank/Fort Worth, N.A. <br />Fort Worth, Texas - In Receivership <br />Letter of Credit No, i`r345 <br />Pueblo Loal, lnc. <br />TO WHOM I7 MAY CONCERN: <br />u.:;.. ~,m.: c:,e. <br />E Es ~b of r' . <br />4.. <br /> <br />NiW~ LAh?:.~ <br />f'1.^_v~ p_1,.Af, TICK r)I~~°~ .. <br />On July, 20, I9E9, Texas Anericzn Bank/Fort Worth, N.A. Fort Wortk, Texzs ('8znk") -,•zs <br />closed and the Comptroller of the Currency appointed the r'DlC zs keceiver <br />("keceiver'). Under the laws of the United States, the keceiver is chzreed with the <br />duty of winding-up the affairs of the Bank as expeditiousl}• as pessibie. <br />The Bznk's records indicate that you may be z beneficiary nzrty on the zbove mentioned <br />standby letter of credit purportedly issued by the Bank in the amount of 393I,'_SD.OD. <br />~,~ <br />s. <br />~- in reviewing whether z standby letter of credit is z provable cizi~, the keceiver hzs <br />concluded that timing of the events which result in z draft znd compliance with the <br />requirements of the letter of credit will determine if the subject letter of credit <br />represents an enforceable obligation of the Bank znd the keceiver zs successor <br />thereto. In the event your letter of credit is secured in whole or pzrt, you ray „ave <br />rients to that collateral. However, the keceiver may not be able to oroperiy serve <br />you and fulfill its responsibilities as keceiver in an e;~ective znd efficient rznner <br />because it is not set up to function as z commercial bank. <br />Under these circumstances, it is recommended that you zrranoe for the issuznce of z <br />new standby letter of credit from the account party, Pueblo Ccai, inc., through <br />another tank. <br />If you feel that you have z cizir. zazinst the keceiver you should cc:,~z=:: <br />Ciaitu Acent/Lzrae Banks <br />Federal Deposit Insurznce Corporztion <br />P.O. Box 21415 <br />L•alizs, Texas 75221 <br />If you have any questions or need additional information, piezse cor:zct me. <br />xc: Fuebic Coal, inc. <br />4DD Firs National Buiidinc <br />Wichitz Falls, T~ 7c301 <br />~..~ ~z <br />Very truly yc::rs, <br />~ ~ ~~ ~; <br />MeriSlvnn Fn.-~alc ~ <br />Eank Ciosine ~oeciaiist <br />