Sample Bank Letter of Credit
(On Bank Letterhead)
Dated the date of the Auction
Addressed to: | State of Illinois
Dept. of Central Management Services |
To Whom It May Concern:
This letter will introduce (insert your name) who is a
valued customer of this bank. This bank will guarantee any checks drawn on this
bank written by (insert your name) which are made payable to the SURPLUS
PROPERTY REVOLVING FUND; and is good for a period of thirty days from date of
auction on (insert auction date) and for any amount up to (insert dollar
amount). The letter should state that this letter covers the purchase of State
of Illinois surplus property.
Sincerely,
President, Vice President,
Or Loan Officer
ATTENTION: This letter of credit must accompany any check written for auctions and must be approved at the time of registration.
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