Laserfiche WebLink
3038232189; War-10-03 5:13PM; Page 5!a <br />Sent By: CEICEX; <br />Page 96 <br />Construction Materials Ruk 4 <br />t np~vx,U (1) Upon Com>reenoement of production, the Operator may establish <br />an individual reclamation fund, to be bald by sa indepeadeat trustee for the <br />Booed, upon such terms and cocudiitiona as the Board may ptescn'be, which trust <br />faesd shall ba funded by periodic cash payments representing such fi~tlon of <br />rexlpts as v,~1, igthc opinion of the Board, provide assurance that funds vviIl <br />be avat7able for tec]amatioa <br /><2) Prior to issuance of a permit, the Operator will provide soother - <br />form of 1?mancial Warranty as dtscrt"bed herein. As tha reelatnatioa final <br />increases In vahte, this form of Finansdal Warranty Wray be decnessed is value <br />so long as the error of Financial Wattaaties B that amount specified by the Board <br />or rt:quiced by the Asst: <br />(3) Ia approving the Individual Reclamation f~md as a FinaaCial <br />Warranty, the Board or Office shalL- <br />(a) approve the form of the initial Financial Warrmuy: <br />(b) fix the fraction of receipts co beheld intrust; <br />(c) ideartiFq the trustee to hold said fonds for the Board; <br />(d) prescribe the teams and conditions applicable to the <br />Operator or WarrantoYs payment of fiords into said trust; and <br />(e) prrsuibe the terms and conditions governing the <br />trustee's handling of said funds. <br />4.12 SPECIFIC REQZIIILEd1ENTS FOR SALVAGE CREDIT <br />tt'rpl(~(v) 4.12,1 Req~rements for Salvage Ct+edit <br />A Finandal Warranty based on Salvage Credit must meet the foIIowing <br />~~ <br />