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'~ .,. . <br />'A • • • <br />i~' <br />~ t ' 3.• , <br />°y~ NOA7, THEREFORE, the conditions of this obligation are <br />such that if the Operaator shall, in conducting such sand and <br />gra2+e1 mining operations, faithfully perform the req+~ire- <br />ments of the reclamation plait, the provisions of the application <br />approved by the Mined Land Reclamation Board, and the conditions <br />of the permit issued t.o engage in sand and gravel mining <br />it <br />operations by the Mined Land Reclamation Board, relating to <br />~ the Colorado Mined Land Reclamation Act, as amended (1976 <br />~ Sess Laws H.B. 1065) and the Rules and Regulations adopted <br />pursuant thereto, upon the Mined Land Reclamation Board <br />1 <br />making a finding that the lands described above, or any <br />~ portion of such lands .have been satisfactorily reclaimed and <br />~' <br />ii approving the Operator's request for release of this surety <br />on such lands, or any portion thereof, then this obligation <br />shall be exonerated and discharged either in full or in part <br />and become null and vo_:d; otherwise to remain in full force <br />and effect. <br />PROVIDED, However, the Operator shall not be liable <br />under this surety agreement for an amount greater in the <br />aggregate than the sum designated in the first paragraph <br />hereof, unless increased by a later amendment to this surety <br />agreement. This surety agreement shall be reviewed by the <br />Board from time to time, in accordance with the provisions <br />of the Act, and the Board may request an increase in the <br />face value of this surety agreement to cover increases in <br />the costs of reclamation. In the event the effective dates <br />of this surety expire before the Board finds the lands <br />described above to have been satisfactorily reclaimed, then <br />on or before such expiration date the Board shall make a <br />demand for payment on the surety submitted to it pursuant to <br />this agreement to the proper parties and use such funds to <br />perform the necessary ri=_clamation operatians unless the <br />Operator files a substitute surety acceptable to the Mined <br />-2- <br />~~~~~'_.r, •~r - ./dry .+~ - ~ ~ ~ ~ `'" r-~~ ~ •, ,~ •,~ <br />..~ ~. _.:r ._ .__. _. .. __..._~+..~..n...~`wy.4.iw....,..zS U~_,Y.u..-:-ssi:::r~^SwS.. :"1.rF'C','°L1"~~'.J:~i.`;..'R~='u.~;!"~,::'i.:: u:Cc<..L._-~.,~.K y':. 5..~^~ _ <br />'r ~ .. .. _..... .. <br />