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<br /> <br />19. Extension - If the leased ;rt-:rises are not producing at the end of the pr'unary term, thr Lessee may make <br />wrrt[en application to L~:ssrir to extend this lease for an additional tired ;eem and thr making of such extension <br />will bt at the option oC the Lessor. <br />Lessee must pay all taxes lawfully assessed on property of Lessee located on the Itased premises. <br />T1re benefits and obli¢ations of this lease extend to and are binding upon [he heirs, txecu[ors, administrators, <br />successors, or assigrrs of the respective parties hereto. . <br />IV tVITUESS tVl!EREOF, The Lessar has caused these presents to be executed in duplicate by thr Stzte Board of lend <br />Commissioners and sealed with the official seal of said Board, and the Lessee has hereunto set his hand and seal, all on <br />the day and vear ticst above written. <br />LESSOR: <br />Recommended: <br />By: <br />~~ orals Director <br />Engineer <br />LESSEE: <br />A[test: <br />B /` e.Ld~ <br />Secretary <br />ARCH.AEOLCGY <br />PR,:HIS70R7C A!•1D HISTOF.I,^. RFSO~ InCES <br />. .~ :.,. ~!CT r3~ P.1/\nli~D, DID I :~r2~G. <br />C~E~.IJ''ED On ,4LTERl:,7 OPl STAfE LAIJD <br />A51'ROVIp~U D'f LA\'~. <br />-~ WI^ ~' x"14 <br />ST.\TE OF COLORADO <br />by its <br />