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COLORADO NAT. BANK, ETC. v. BD. OF COUNTY COM'RS

No. 79SC389.

634 P.2d 32 (1981)

The COLORADO NATIONAL BANK OF DENVER, a national banking association, Petitioner, v. BOARD OF COUNTY COMMISSIONERS OF ROUTT COUNTY, Colorado, Respondent.

Supreme Court of Colorado, En Banc.

Rehearings Denied October 5, 1981.

Attorney(s) appearing for the Case

Davis, Graham & Stubbs, Randall Weeks, A. Bruce Campbell, Denver, for petitioner.

Hall & Evans, Robert S. Treece, Denver, Kendrick & Kendrick, Kristine Bradt, Kendrick, Colorado Springs, Mattlage, Maus & Lettunich, Daniel Maus, Steamboat Springs, for respondent.

HODGES, Chief Justice.

We granted certiorari to review the court of appeals' decision affirming a district court's judgment holding the petitioner, the Colorado National Bank of Denver (the Bank), liable for the face amounts of three letters of credit it issued to secure the completion of road improvements by its customer, the Woodmoor Corporation (Woodmoor). Board of County Commissioners of Routt County v. The Colorado National Bank of Denver, Colo.App., ...

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