1978-08-03_PERMIT FILE - M1978009 (2)

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NOW, T1;c.R.9,?0RE, The conditions of this oblization are such Char- if the above Sounded Principal shall, in conducting such Open Pit Mining operations, faithfully perform the reauirp=ents of the reclamation plan, the provisions of the application approved by the 'lined Land Reclamation Board, and the conditions of the per--Lit issued to an3aze in Open Pit Mining operations by the Mined Land Rec'_asation Board, relating to the Colorado Mined Land Paclz`.acion Act, as a=ended (1976 Sess. Laws H.B. 1063) and the Rules and Regulations adopted pursuant thereto, upon the Wined Land Reclamation Board Wa ia3 a finding that the lands described above, or any portion of such lands have been satisfactoriLy reclaimed and approving the Operator' s request for a bond release on such lands, or any portion thereof, then this obligation shall be exonerated and discharged and become null and void; of 2 lisp to remain in `u" ...rce and effect. PR077JE7, Hai.aver, the Su.a_; shall cot be Ii_ple under this 30nd for an amount greater in the asgragata than t o sL= desiznatad in :he ___st paragraph hereof, unless increased by a later amendcent to this 3ond. This Bcnd, shall. be reviewed by the 3card fro= t-e to ti=a, In accorcance with the 7rovis'_ons of the Act, and the 3oard may request an _.._raa5a Ln the Cate 'ialue of this 3cP.3 to cover inn-zza52s in the Costs of roc:-3tion. The Surety shall lot be Liable as ras7acts any cb'_Lg3tica related to Open Pit Mining and recla.:.aticn gceratiens portc^._2d __ter t`.e affactive data of a cancellation of _,.is 'oc•;d xrsuant ,o . e tzr=s c C.R.S. L973, 34-32-1L7(3) , as a._eaded (1976 Sess. Laws :?. B. 1065) . Pis Bond shall r=_main in force and effect as respects all obLi3ation3 for all_ Open Pit Mining and reclaration op=_=at ions :erfo=ed prior to the erractive date pt such cancellation the ?.Zinc: paL files a subscituca bond -hich: 1) assu=.es :or all 0b1L3ations a_1 Open Pit Mining and rec_a .ati or. cperations pert-^_e? .:�r_ the effecti•re dates of this bond; and 2) is accapt ble to the Hined :.and Racla:ation 3card; ar unless the Hined Land' ..aclananion Soar_ of e aye releases this sur=_ty.