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.1;°~ <br />y..: <br />;~ <br />STATE OF COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Departrt~ent of Natural Resources <br />1313 Shemwn St.; Room 215 <br />Denver, Colorado 80203 <br />Phone: (303} Sfi6-3567 <br />FAX: (303) 832.8106 <br />RE4Eo5o ~. <br />Minerals & Geolo~Y <br />by1 U2YYl <br />r, G1 ~~` irn <br />utt; p 9 19yti <br />FINANCIAL WARv~ ~NTY~ ~~~~~~~~"_ v v-- - <br />LETTER Of CREDIT <br /> <br />Operator: <br />JOHN Si <br />Roy Ramer <br />coeraar <br />Iaa,es S. L«hhe:d <br />Executive Dimcmr <br />Michael B. lMg <br />Directs <br />~p,~oo. <br />Operation: J & M SCHMAHL <br />Permit No.: M-84-001 <br />Brink: BANK OF GRAND JUNCTION' <br />Street: 326 MAIN STREET <br />City: GRAND JUNCTION <br />State: coLORADO Zip Code: tt,sn, <br />Area Code: 970 Telephone: 241-9000 <br />KNOW ALL MEN BY THESE PRESENTS, THAT: <br />WHEREAS; the Colorado Mined Land Reclamation Act, C.R.S. 1973, 34-32-101 <br />et sec. (the "Act">, as amended, provides that no permit may be issued under <br />the Act until the Mined Land Reclamation Board (the "Board"> receives a <br />financial Warranty <or Warranties) as described in the Act. <br />WHEREAS, JOHN SCHMAHL <br />a DBA IferirpterxxXY~a[, has apps i eel for a <br />operation known as J s M scHrrAHL Cthe <br />sands in MESA County, Colorado. <br />in the permit application, as amended and suppleme <br />herein as the."Affected Lands". <br />(ttte "Operator"?, <br />permit to conduct a mining <br />"Operation"), on certain <br />These lands are described <br />ited, and are referred to <br />WHEREAS, as part of the application for the permit, the Operator has <br />agreed to be bound by all requirements of the Act and all applicable rules and <br />regulations of the Board, as amended from time to time. <br />WHEREAS, in its application for the permit, the Operator has agreed with <br />the Board to provide for reclamation of the Affected Lands that are now, or <br />may become, subject to the permit, as required by law. <br />