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<br /> <br />~ ,. <br />• 6. The COMPAi1Y, in the course of the extraction of sand <br />and gravel and other minerals, will abide by all laws and <br />regulations of the State of Colorado and of Adams County, <br />Colorado. <br />7. The COMPA,VY will pay to the COUNTY a royalty of 20 <br />cents f^r each ton of material extracted and sold. T1-, COt•I- <br />PAi7Y will provide suitable state-certified scales to properly <br />weigh all material sold by the COMPANY. The COUNTY will have <br />the right to inspect saki scales and all operations of the <br />COMPADIY at all reasonable times. <br />8. The COUNT`l agrees that its requirements for sand <br />and gravel, to the extent possible, will be met by purchasing <br />the same from the CObIPANY and the COMPANY agrees that it <br />will furnish such sand and gravel at a cost no greater than <br />that charged to any other customer of the COMPANY. Such <br />cost to any other customer of the COMPANY shall be determined <br />by reference to the books of the COtdPANY for the month in <br />which the various purchases by the COUPITY are made. <br />9. An adjustment of counts between the parties shall <br />be mad^ on the 15th day of March and the 15th day of September, <br />as of the last day of the preceding month, of each year be- <br />ginning in 1978. Should the 15th day of March or September <br />occur on a Saturday, Sunday, or Holiday, such adjustments shall <br />be made un the next succeeding business day. <br />10. The COMPANY shall pay to the COUNTY, the minimum of <br />$50,000 per year ($25,000 on March 15 and $25,000 on September <br />15), as a minimum royalty payment and such sums shall apply <br />against the royalty provided in paragraph 7 above. In the <br />ever' the COUNTY shall order from the CODIPANY less than 150,(100 <br />tons of sand and gravel in any one calendar year, the minimum <br />royalty amount shall be reduced proportionately, to a minimum <br />of $20,000, but this provision shall not affect the obligation <br />of the COMPANY to pay to the COUNTY the royalty provide in <br />paragraph 7 above. <br />-2- <br />