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IN RE DIAMOND MACH. CO.

Bankruptcy No. 88-20359, Adv. No. 88-2107.

95 B.R. 255 (1988)

In re DIAMOND MACHINE CO., Debtor. DIAMOND MACHINE CO., Plaintiff, v. CASCO NORTHERN BANK, N.A., Defendant.

United States Bankruptcy Court, D. Maine.

December 6, 1988.

Attorney(s) appearing for the Case

Daniel Amory, Benjamin Marcus, Drummond, Woodsum, Plimpton and MacMahon, Portland, Me., for plaintiff.

Jacob Manheimer, Pierce Atwood, Portland, Me., for defendant.

MEMORANDUM OF DECISION

FREDERICK A. JOHNSON, Chief Judge.

Debtor, by verified complaint, seeks to enjoin Casco Northern Bank, N.A., (Casco), as trustee under an Indenture of Trust, from drawing on a Letter of Credit issued by Rhode Island Hospital Trust (RIHT) in favor of Casco. The letter of credit was issued upon request of the Debtor to assure payment of principal and interest under certain Industrial Revenue Bonds issued by the City of Lewiston, the...

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