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r <br />~' <br />FDIC <br />Federal Leposit Insvranc~rpora:ioa <br />Ds~sasm e2 Laquseacsac. P.O.I,as Z1s 13'_, r..,..•, ~ 7322: <br />(!00) 527-3L70 er C21s) )51-0DY6 <br />CERTIFIED MAIL N0. P 676 042 234 <br />State of Colorado <br />Department of kztural Resources <br />Minedland Reclamation Division <br />423 Centennial Building_ <br />Denver, CD 80203 <br />C <br />April 16, I°90 <br />Subject: 4036, Texas Americzn Eznk/Fort Worth, k.A. <br />Fort Worth, Texas - Ire keceivership <br />Letter of Credit No. 11345 <br />Pueblo Coal, Inc. <br />TO WHDM I7 NvaY CONCERN: <br /> <br /> <br />~.~n ~ ll : ~__ <br />LliidcD ~Ah~ <br />Dn July, 20, IgRO, Texas Americar, Bank/Fort Worth, K.A. Fort Wort!., Texas ("Banl:") was <br />closed and the Comptroller of the Currency appointed the FD]C zs keceiver <br />("Receiver"). Under the laws of the United States, the keceiver is charoed with the <br />duty of winding-up the affairs of the Bank as expeditiously zs pessibie. <br />The Bank's records indicate that you may be z beneficiary party on the zbove mentioned <br />standby letter o; tredit purportedly issued by the Bank in the amount c; 5.3],'_50.DL. <br />In reviewing whether a standby letter of credit is z proeable a air.., the keceiver has <br />concluded that timing of the events which result in a draft znd cDS~Diizre witi: the <br />requirements of the letter of credit will determine if the suDjec: `letter o= credit <br />represents an enforceable obligation of the Bank and the kec=_iver zs successor <br />thereto. In the event your letter of credit is secured ir, a~hDie or part. }•cu ca}• ^ave <br />r10i'(t5 tD that LO11-cterdl. However, the keceiver ma}' not De aDl~ tD C"Dper l}' Serve <br />you and fulfill its resoonsibilities zs keceiver in an effective znd efficient manner <br />beczuse it is not set up to function as a co~~rercial tank. <br />Under these circumstances, it is recDmmended that you arranoe for th=_ issuanc=_ Df a <br />new standby letter of credit from the account pzrt}•, Puebi Ccal, irc., through <br />another bznk. <br />If VDU feel that VOU nzve z Clair.. zgzinst the keceiver VDD snoulc co".:act: <br />Claims Aoent/Large Banks <br />Federal Deposit insurance Corporation <br />P.O. Box 214155 <br />Callas, Texas 75221 <br />xc: Pueblo CDaI. inc. <br />400 First National Euildinc <br />k'ichita Fall _, T~ 7c30I - <br />-.r• i /23 <br />If you have any Duestions or neeG additional infor,ation, pi ease contact m=_. <br />Very truly yours, <br />~C' ~.. //'~ <br />k=_ri}lvnn ~n-alc ~ <br />Eznk Clesinc SDecizlis. <br />