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<br />~G~~~3 O~' ~~ ~4~ <br />POST OFFICE BOX 671 <br />Monte Vista, Co/orado 81144 <br />303852-5901 <br />June 30, 1977 <br />State of Colorado <br />Mined Land Reclamation Board <br />Department of Natural Resources <br />1313 Sherman St. Room 723 <br />Denver, Colo. 80203 <br />Gentlemen: <br />The Bank of Monte Vista hereby establishes an Irrevocable Commercial Letter of <br />Credit and authorize you to draw on us at sight for ac nt of Mathias Concrete, <br />Inc. up to an aggregate amount of $2,500.00 which av ilable by your drafts <br />at sight. <br />Your draft must be accompanied by yours em that the re lamation requirements <br />on the SW~ of Sec, 20, Twp. 39 N., R ., N.M.P.M.~rra-not completed by <br />Mathias Concrete, Inc. ~ /~ <br />All drafts must be marke "Drc*n Un etter of Cre i hj}~s Concrete, Inc." <br />No. 1, dated June 30, 1977. This I tter of credit will expire July 1, 1978. <br />We hereby agree with a drawers, dorsers, and bona fide holders of drafts drawn <br />under and in compliant with the t ms of this credit that such drafts will be duly <br />honored on due presentati to th drawees if negotiated on or before the expiration <br />date of this letter, or presen at this bank together with this letter of credit on <br />or before July 1, 1978. <br />Sincerely yours, <br />Robert V. Haigler <br />Sr. Vice President <br />RVH:gw <br />~_ ~ I ~-~ <br />'::.. ., <br />~~ <br />~ Tt~f i~ t i t r <br />