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witty. t~h.
<br />• .• HE-TSSUG F1:0:: L1idSG ::0, C3-iG
<br />• ,_~~.Ii~cl:_.DIINING LEASE 1`'0.....:.°.::::~1.::_, 33oolc 16 '
<br />]. THIS ASINING L);.1SE, Made in duplicate and entered into this._~`..Cll.day ot_ZUItC ,
<br />18~`J„ by and bettvicen TIi1; STAT1; OI' COLO1tAllO, acting tltrouoh its State IIoaid of Land Commis•
<br />sloncrs, hercinaftcr referred 20 as "Lessor" and_1:21~,J~ t1L:qr...~.C7~1'-UT~.tJ-ea._a..CargtoSati ^•+
<br />of a_ n_ n~~. 70,~?,_e~t?pr,•Ld~Spxj„C;;, _ Co~D.Li?.L10_ , hcroinaftcr referred to as "Lessoo".
<br />~' •...~ ... ... .. ~~ WTTNESSETII .. ...' ... .
<br />2 Lessor, for and~in consideration of the sum of_Three. Itunclred CtaelrY~_:ittrl nQL~09.=._ -
<br />as rental for the first yen: hcreo[. receiot of t•:hich is hereby ac1:nott•leriged, and thr tui-thrr, pa}•ntrnt n[ an
<br />equal sum on or before each ~bnn+vcrsai~• of the date hc,cof, as annual rental for the cnsmn; year. tvhicn
<br />Lessee hereby covenants and acrces to par so IonG as t!us.lease sna(L remain in effect. and m furthta• con-
<br />sideration of the covenants and acrecments hercinaftcr mentioned. [o. be kept and pcriorincd by too Lesscc,
<br />its successors and assisrts, has demised and based to rite Lesscc tktc right and yrit•ileCe of ntiiting for and
<br />• .taking. I, t'F Z~+elc and other minerals of value that can be removed
<br />iln the process of mininP and milling I~l.-IC~I>oSk from the lands hereinafter described, '
<br />.J•
<br />situate, lying and being in the Cotfnty o} 7-ar~^'^~_,.~, aad State of Colorado, to•wit:
<br />.TOWNSHL' •-10 •::orth ~ I~f-NGF 70 4'est ~ bth v, I,Q„
<br />i ~•~.. ~ ....:•• .• .• :. ,
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<br />' co;itaininv_ 640yQQ_,~acres, more or less, together with the right to use as much of the
<br />surface thereof as may reasonably be required in the exercise of the rights and privileges herein granted,•
<br />.. aubjeci to existing rights of tray, the rights of lessees, and the rifihls of patontecs of satd premises where tnc '
<br />" ]ands herein leased or any part thereof have beea patented and mineral rigors reserved to the ,State of
<br />Colorado.
<br />;;;.: ,,: ;S. Iiesening, however, .to the State of Co+.orado:
<br />~• ~ A inc right io use or lease Bata premises or any part tttereot at any time for any purpose other
<br />`+,;, than and oat inconsistent or intererutg tt•ith the zighis and privileges Herein specifically granted.
<br />~•' •; '.•b. The right at all times during the live of this lease to go, upon said premises. and every pazt there-
<br />. ~ of, for the purpose of inspect:n^, same, ana the books of account ant recores of mineral tt•orlcings
<br />'~;~fE~ i~t3:-2v. therein, and of ascertaining ttnether or not said Lessee and those holding theretuider by and ftom~_ ~
<br />• ' it, are cazryin^ our fife teems, covenanu and agreements in this lease contained.
<br />- c. Reserving all righu and pritileges of every and whatsoever kind or nature not herein expressly
<br />. ~ i;ranted.
<br />' !t, TO 1L\VE AI+-D TO IIOLD the above described premises, frith the appurten~ticr::, ~
<br />unto the Lessee and the heirs, assigns, successors or legal representatives oc ~!~
<br />Lessee fora tezst of five (S) years cocrc:encing at 12:00 o'clock noon on June St[t, +
<br />1.
<br />1959. and through each year thereatter during any part of which quarrying operations '
<br />are conducted on the above described prenises, and the royalty and rent provided
<br />for herein era being paid subject to the terms, conditions and agreements herein ~~\
<br />set forth. .. .. ~\~.
<br />.1st yeaz • .•..$ ~, ,.' . • .• ~.
<br />'..`~• '.....,::. '2nd year - --- - ..
<br />~• .3rd year - -- - - ,
<br />' 5th year. - -- '
<br />,.
<br />• ~ bth year `__-_-_-
<br />' ~ It is further prot•ided that if this lease is extended by reason of production, the State Board of Land
<br />' Commissioners shalt be I;oard O+~.icr, at thr tcrmmation oL each and every Live-)'car period during the eaten-
<br />' lion of this Icasc, fix rod dcb:rm+ne the rate of aotancc rovoity to be paid annually in advance by the Lesxe
<br />' ~tor and during earn 5'car of the succcrding five-year period of the lease.
<br />G. In the cvrnt that said I.r•5CC shall not extract from said premises said minimum amounts abot•e spcc-
<br />ificd durin; cac!t 1.•::"•~ yr::r of tiar trrm of tin; ira:•e, is is eevcrtiulcss undcr:.:urd that fife abnvr sums n[
<br />money :: r^ rayalttrs fur the }'cars stau•d. and arc floc ind payau!e u+.the Lcssur tvnethcr minerals aro Honed
<br />or nut dorm;: Snch y,•ar. but that ant•it rttn:morn anvaocc royally rhaii b¢ ereditrd anon the Sita royalties ~
<br />• dae as hcremaucr pruvrded for mnu•r:ds actually yroduced from sntd premises and sold oc milled dunng the
<br />year fur a•htch such minunum royally a•as patd.
<br />7. Lesscc cot•ennnts and ar,rcrs that durin^, the rnntinuanre of this ]case ho will fully comply with all
<br />df the p:~•tvc.inna, t+•rurt nna cunddirn^.nf nli lea^:, tvhrthrr titntr m• I~r:nrr;il, and ortlrts usurd th^icunder, ~
<br />\Vt11r f1 Itl~+y he In aurct duttin~ UIC CUM N)Iiallrq IllTll.t r!•la Lln:: lb tpC Op lrannili OL Lesser UndeC thl; fed:~'.
<br />and rho ntnrkcunl; ni any produt•t lhrrt;ut, or labor rciauons ui cunuucuun wtdt each operations or in:u•hcUn[;.
<br />8. Thr. 7.rs:ro ehall mine and rxtrart from thrt drmiscrl prcmiu:a thn mincrrl hctrinnhrvc tlesir!natrri mul '
<br />Olher minerals that cam he rxtraru•d m iltr prue••+:: a[ nnnutG :,ud nullu+R sn :,;c to produce the Greatest ne-
<br />return per tun ui orv mined, rat:arlicsa of il+u yrwcipal typo of oru wlueh -itall ytcid each return.
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