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. , • <br />-s- <br />.=,rr.ess-::c~_ :~_n Coal Company <br />-_~~~, <br />• <br />r/..- ~ <br />November 4, 1976 <br />Agree-~e^.: o` October 6, 1976. This matter is the same proble:r. <br />that is raised ir: caragrzph nu:nbared 2 of pace ? of this opinion. <br />By.•.rarra-:ty deed dated Janu=_ry 10, 1950, recorded in Bco1; 283, <br />Page 414 of the records of LaPlata County, Colorado, the oorner <br />of the nrcperty conve}•ed acproxirately 10.939 acres to the State <br />High~•~ay Depart:rent. There is no exception in this deed of <br />minerals, coal in particular. The com.-rents set Forth in nzra- <br />craph nu-ib_red 2 on page 2 apply here also. <br />;•Iith re?ard to the above described property, Arr.ess-?•Ic :riffin <br />Coal Corrpan;• obtained rights under the Exploration and Develcp- <br />ment Agreement of Oc=ober 6, 1976 by virtue of Exploration <br />Permit a::d ~!ineral Lea=_e dated August 22, 1975 be*_:oeen Josep:^.ine <br />Pulliam Dudley and Calder & Cc part' recorded at :CO. 39395 of <br />t'r.e records of LaPlata County, Coloradc. At the time of the <br />Calder lease, marketable title to the ccal, with the exception <br />sat forth above, o;as held as follows: <br />Josephine Pulliam Dudley - all <br />At the t'_r:,e of the Calder lease, mzr'tetable title to the minerals, <br />other tran coal, with the exception set forth above, cans held as <br />follocas: <br />?e :d=_ CIE i <br />Turner Securities - or.e-hal_` <br />S~Iad~ Hyde, Jr. and <br />Ethel S. Hyde - one-half <br />,v r. i?~I'I3' <br />JoseoF.ine Pulliam <br />Dudley - all <br />(subject ~o oil and cas lease <br />dated ?lay 14, 1969, which <br />excludes coal, which is <br />recorded as :10. 357032 of <br />the records of LaPlata Coun=~_~, <br />Colorado) <br />• <br />At the tiZe o' ~`__ Calder lease, marketable title to the sur- <br />face Of the abO~e d_scribed property, wlt:l t;:e exceptior. set <br /> <br />