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• • . Ill 1111111111111111; <br />-~ ~ STATE OF COLORADO~`~ <br />DIVISION OF MINERALS AND GEOLOGY <br />Depanlnent of Natural Resources <br />1313 Sl+erman SI.. Room 215 <br />Denver, CO 80203 <br />Phone: (3P31866.7567 <br />FAx:1J071832.8106 <br />RECEIVED <br />AUG 16 1995 <br />COAL RECLAMATION BOND <br />FOR USE WITH U.S. TREASURY NOTE <br />FEDERAL MINES <br />Permit No. c-91-o22 <br />~~ ~ c4O~ <br />Me~ <br />• ~ X616 <br />Roy Romer <br />Gov¢rmr <br />Michael 8. Long <br />Division of Minerals & Geolog°y"i,i°° oi,ecl°` <br />KNOW ALL MEN BY THESE PRESENTS, That pacific sasin Resources <br />A Division of Oxbow Carbon & Minerals, InC. <br />of the County of -Gunnison in the State of coloraao as <br />Principal (hereinafter "Principal" whether one or more Principals), 15 held <br />hereby and firmly bound unto the State of Colorado ("the State") and the <br />United States/Office of Surface Mining Reclamation and Enforcement (OSMRE), in <br />the SUm Of Three hundred fifty one thousand <br />nine hundred sixty two and 50/100------------ DOLLARS ($ 351,962.50 ) <br />for payment cf which sum, well and truly to be made, the Principal hereby <br />binds itself snd its successors and assigns !firmly by these presents. <br />Principal has caused Norwest Bank of <br />Grand .7unctinn_ N.A. , State of (`nlnrad~ ("the Bank" <br />to issue its U.S. Treasury Note Safekeeping Receipt' No. 522394, coslp #912az7,L42 <br />dated June 30 1993 , payable to State of Colorado Mined Land <br />Rec~mati~n B~ar~ taf~ Uni te~ States~OSMRE, i n the amount <br />ree tin re i y one housan nine <br />of ~ __________Dollars ($ 351,962.50 ) <br />and has delivere it to the tate, to be held by the State as Surety ("the <br />Surety"> for the faithful performance by the Principal of the Principal's <br />obligations to the State and the United States/OSMRE evidenced by this bond. <br />The Bank is not a party to this agreement. Upon termination of the <br />Cooperative Agreement entered Into between the State of Colorado and the <br />Department of the Interior, all bonds shall revert to being payable only to <br />the United States (OSMRE) to the extent that Federal lands are involved. <br />WHEREAS, the Principal has applied for a permit to conduct mining and <br />reclamation operations on certain lands in Grnnicon County, Colorado <br />which, for convenience of reference, are described as follows: <br />See Attached Exhibit A <br />' Safekeeping Receipt for U.S. Treasury Bond 1n the market value <br />Of 5370,000 Maturity Value <br />