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<br />l:E-ISSUE rro:l Lr•~tsE No, Ss-1ti
<br />7•triF~.QC.K__MINII3G L£~15E I~TO._.=.v~. Boole 16 !
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<br />. TF[IS T,tINING LEASE, 1\Sade in duplicate and entered into this.~.tlt_.day of,.
<br />1'J..5.4, by and betlvicen TIIE ST.1TE OI' COLOItADO, acting through its State Doard of Land Commis- !
<br />sfoncrs, hereinafter referred to as "Lessor" and llol~ Sugar Cornoration, a cornoratio~r
<br />of„_p,~. Do~1,0~2, Colorado .Spr.in;:s, Colorado hereinafter retetscd to as "Lessee".
<br />~ .:. .. ........ :..:.. .: ..: SYIT'NESSETFI• ~..• .. .. ......•.. ..
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<br />~~ Z.~ Lessor,~for and in consideration of the sum of Thrc~•~l urd~ed tt3Cn~_ar,L nQ~~~Q~ - i
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<br />~_.,_______ ________ _ _______ __ __---Dollars(5.~20!00 __7 .
<br />as rental fer the a: ;;ear h eroof. receipt of n•hich is he:vby acknowledged, and rite further payment of an •
<br />equal sum on or before etch anniversary of the date Ifereoi, as annual rental for the ensuinG year, which
<br />Lessee hereby eovcnant3 and ae:crs :o pay so'im,,^ as this lca;;c shall rmnain in effect, and in further con- I
<br />s,der, tio,t o[ the coven:,n:s and a;[•ecmenls hcrcinaftcr mentioned. to be }:ept and performed by the Lessee,
<br />its successors and assigns, has demised and leased to the Lessee the right and prtv,lege of mining for and
<br />-taking Lime Rocl; and other minerals of value that can be removed
<br />!n the process of mining and milling_~.3G1C...RASk prom the lands hereinafter described,
<br />~te, ]ying and being !n the County of Larime~~_, and Stato of Colorado, to-wit: , , '
<br />TOWNSHIP 10 Norrj~. ,RANGE. 70 41e$r , _ 6th v, yI,
<br />SECTION~.~.: All
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<br />• containing- 64Q,.9Q, acres, more or less, together with the right to use as much of the ~
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<br />surtace thereof as may reasonably b: required to the exerciso of the rights and privileges herein gr,•utted,
<br />subject to existing rights of tt•ay, the rights of lessees, and the rights of patentees of said premises where the i,
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<br />]ands herein ]eased or any part thereof have been patented and mineral rights reserved to tna State of ~
<br />Colorado.
<br />3. llescrt•ing, however, to the State of Colorado: ~
<br />a, The r!(;ht to use or lease said premises or env pert thereof at any time for any purpose other
<br />. :hen and a....n,,,.,-,,,;trot ot• i.nrrt•it:rwg with the ngnts and prvvileges nerem specuuaily gramca. ~ '
<br />b. 1'F,e right at all times during the li.°e of this ]case to go upon said premises ar.d every part there-
<br />ot, for the purpose of inspcc:in, same, and the boolts of account and records of mineral v!o:Yinss.
<br />therein, and of ascertaining whether or not said Lessee and thosenoldin~ thereunder by and from
<br />• ~ 1t, are carrying out the terms, covenants and agreements in this lease contained, i
<br />~`e, Reserving all rights and privileges of every and whatsoever kind or nature not herein exprescly ~
<br />granted. .. ,..,;.. ,
<br />k.' TO }iAt'E AND TO }TOLD the above described premises,' with the appurtenances,
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<br />unto the Lessee and the heirs, assigns, successors or legal representatives of ,
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<br />• Lessee for a rein of five (5) years cortanencing at 12:00 o'clock noon on June 5th, ~,~~
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<br />54, and throush each year thereafter during any part of which quarrying operations
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<br />e conducted on the above described preraises, and the royalty and rent provided `t:
<br />for herein are being paid subject to the terms, conditions and agree.'nents herein
<br />• ' sot forth, .. ~ ~,
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<br />.. .. .lei year S - - - -
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<br />cY • Zed year ------ ,~' • . '. I
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<br />3rd year
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<br />Sth year ,
<br />' .. 6th year - - - !
<br />IL Js furtltcr,Providcd the! 1t this lease is extended by reason of productlo», the Slate Hoard of Land
<br />Cotnmissloncrs sh:dl by ltuard Order, at the termination of each and ovcl;v live•yrar period durinn the cxten-
<br />lion o[ thlx icasc, fix and rlctcnninr the rate of advance rnvalty to be raid annually fn advance by the In!ssoe ~
<br />for and during each year of the succeeding tivc•yuar period of the ]case. I
<br />tl. 7n the event that said Lesko (hall not nstract from soil premises said minimum amounts above rpcc•
<br />• flied Burin..^, each l.a:c yrar of the t, nn n( ti,is Ir•ase, it is nevcrthclr•::x understood !flat the r+hnvr. sums of
<br />monc>' arc ,oy;lltic:; tm• the yca,x sr:Urd, and err: due :nut pn}:,bla eo the Lvn'S0!' \vbcthcr tbincrals , rc wlnrd
<br />or not Burin„ such year, but that such minimum adr:,ncc royalty shall. be a'cditcd upon the first ruyalura
<br />due as hurmofcr nn,v+dr•d for win^rals ncw:,ily produced from said premises and sold or milled dunng the
<br />year for which such minmtwn royally was paid.
<br />?, Lessre cnvrnnnt, and ar,rees ihat rhtrint: the continuance of this hose ho will laity contpiv with :dl
<br />of (tin tq r~p~~iinga, Inc ltla Unrl rn nnitimH nl all I, \V r, \Vin'li H•t' ShIIC ^l' 1''cacl'a t, ::nd 01'(!('ra 1`:uer! Ihrrcu odor,
<br />• which way In: ut vlfcct Bator; tblt cuntiunanrr ht:r~'ui rcluuml to lha ulrrtahnn.i of 1-ts:uc umlvr thi:l Ic.~:.c,
<br />and the ntarkctiu:; u( :my product thert•u[, or !abut r.•latinns ut connection won :;uch aprr:ltiuns or worl:etuut.
<br />d, Thr. J.rssi'c"shall minx and r•xte,ct !coin thr rlrmi::cd premises the mineral hareinnhnv~ rlnsirnatrd tool
<br />' other mineral,: U,ot r:ro be r•su•arted m Ih.• prurr:.+ n( uuruur; an<I nlilliur: rn m: In produce thr, g[c:dust nut
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