43 



i-t^ Pioneer Bank& Trust 



(\C _ J wf •/?£ PION££RING NEW WAYS OF BANKING" ' : ' ' 



Letter of Credit 



July 13, 1993 



Irrevocable letter of credit number nine (9) 



Forest Service, USDA 

 Black Hills National Forest 

 Supervisor's Office 

 RR 2, Box 200 

 Custer, SD 57730 



Gentlemen: 



Pioneer Bank & Trust has established an irrevocable letter of credit in 

 your favor at the request of and for the account of McLaughlin 

 Sawmill, Inc., to the extent of Eighty-nine thousand dollars ($89,000) 

 to secure the performance on contract no. 003736. 



Said funds are available by presentation of your sight draft(s) which 

 clearly specify the number of this credit and are drawn in favor of the 

 secured contract number cited above. 



Draft(s) drawn in conformity with the conditions of this credit will be 

 honored by us if presented at our office on or before 7/1/98. 



'.^^^'^''C'i'-^- 



John Heimbaugh 

 Senior Vice-RresideifltD 



P.O. BOX 10 



7TH & JACKSON 



SPEARFISH. SOUTH DAKOTA • PHONE (605) 642-2725 FDIC 



