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~:~v <br />~.a~,~ern ~uret,y corporation <br />May 19, 1982 <br />Abel Insurance Agency <br />PO Box 2763 <br />Beaumont, TX 77704 <br />Re: LSC 269548 <br />Delgua Coal <br />Dear Sir: <br />Thank you for sending me a copy of Mr. Wiggins' April 30th letter, in which <br />he states that he is enclosing release information from the Reclamation <br />Department in Colorado releasing our bond. However, reviewing this cor- <br />respondence, this is not what it says. <br />The April 23rd letter from the State of Colorado indicates that they have <br />searched their files for an irrevocable letter of credit (not for a bond) <br />and that they found none. This does not surprise me, since they weren't <br />ever holding a letter of credit; we were holding a letter of credit backing <br />the issuance of the bond. <br />They also went on to state that they were attaching a copy of an earlier <br />letter indicating the release of the surety. However, looking back at the <br />March 21 1980 letter that they attached, it indicates that they were <br />releasing a $2,500 cashier's check. Again, not a bond. <br />At this point, what we need is a letter addressed specifically to us from <br />the Reclamation Department State of Colorado referencing our bond number, <br />269584, originally issued July 7, 1977 and indicating that this bond is <br />totally released. If they cannot find a copy of this bond and all permits <br />have been satisfied, then they ought to be able to write us to that degree. <br />We will, however, need specific release in order to close the file and <br />return the collateral, and your help on this would be greatly appreciated. <br />ours very truly <br />LAWYERS SURETY CORPARATION /E'%~~~_,~ ,~ / . <br />~~ %`C/'//// _ ~ n <br />Frederick S. Slack _A~~ ~'^s{~~ <br />Underwriting Vice President <br />FSS/cd <br />1221 RIVER BEND DRIVE, P.O. BOX 47480, DALLAS, TEXAS 75247, PHONE (214) 634-1900 <br />