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~P : ,,~~ , ~- ! ,~~~ IIIIIIIIIIIIIIII sw <br />_ ~ -~°1.~ <br />April 12, 1996 <br />I N T E R O F F I C E M E M O RAND U M <br />TO: Debbie Mulloy <br />DMG ~1 ny~, RF( vFD <br />FROM: Cheryl A. Linden ~J ~P 1~ 199 <br />First Assistant Attorney General <br />RE: Mid-Continent Resources <br />As you are aware, Mid-Continent Resou <br />February of 1992. Although the focus has <br />mine, this company also holds two mineral <br />quarries. The Division has received mo y <br />liquidation plan in connection with on of <br />Consequently, this money should be h d in <br />from that of the coal funds. <br />of iwmaidio d ueoio9Y <br />rc s went bankrupt in <br />en on MCR's coal <br />permits for limestone <br />under MCR's <br />the quarries. <br />a separate account <br />The two minerals permits in led are for the Mid-Continent <br />~~°Quarry and the Marblehead Quarr The bond for the Mid-Continent <br />~ Quarry was a deed of trust to he Carbondale Industrial Park in <br />/Tj~Z/3~the amount of $7,000. In Ju 1994, the Division received a <br />7o~"fGZ/T~ receivedrtheemoney0becauseeitrwashputlintoltheraccountapertaining <br />to the coal mine. Thus, here should be separate accounts <br />created for the mineral permits, and in the meantime, $7,000 <br />should be taken out of the coal account and put into a separate <br />account for the Mid-C ntinent Quarry. ---------- <br />The certifica of deposit held on the Marblehead Quarry has <br />not yet been cash by the Division. Consequently, the c/d is <br />still held by th Division. If you have any questions, please <br />call me at 866-g~032. Thanks. <br />cc: Mike Lon§ <br />Bruce Humphries <br />Gregg •Squire <br /> <br />r. <br />~~ <br />~~ 7 -L fY ~J~-°~ <br />/.~~ oZ i~ <br />~~" `~ J~~`'u <br />v '~ <br />i~"~~~' . z ~ ~ ~ <br />J <br />