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i> ~ f <br />Duane Wootlard <br />Attorney General <br />Charles B. Howe <br />Chief Deputy Attorney General <br />Richard H. Forman <br />Solicitor General <br />Of CO ~ <br />~~ _ $ <br />N .~ O <br />-~_ ~~ <br />t <br />~ ~ <br />i ~ <br />Igi6 <br />iii iiiiiiiiniiiiii <br />999 <br />Lhr ~tatr iTf LlTli~ral~a <br />DEPARTMENT OF LAW <br />OFFICE OF THE ATTORNEY GENERAL <br />September 8, 1987 <br />W.D. Corley, Jr. <br />President <br />The Corley Company <br />P.O. Box 1821 <br />Colorado Springs, <br />Colorado 80901 <br />RE: GEC <br />Your letter of August 19, 1987 <br />AG Alpha No. NR LR HXKM <br />AG File No. CNR8706317/MT <br />Dear Mr. Corley: <br />STATE SERVICES BUILDING <br />1525 Sherman Street <br />Denver. Colorado 80203 <br />Phone 866-3611 8 866-3621 <br />~~~~~~~® <br />CCT 131981 <br />~ECLAMAtICN DIVISION <br />You have inquired regarding the status of Mined Land Reclamation <br />Hoard enforcement actions against GEC Minerals Inc. <br />We are considering some theories on which to <br />the letter of credit which was issued by the <br />and Trust Company of Oklahoma City. That ba <br />insolvent by the Comptroller of the Currency <br />appointed as receiver. The FDIC disaffirmed <br />credit. <br />pursue collection of <br />First National Bank <br />nk has been declared <br />and the FDIC <br />the letter of <br />We do plan to pursue GEC to obtain reclamation. We have not yet <br />determined whether individuals will be named if a suit becomes <br />necessary. As you may be aware, individual corporate officers or <br />shareholders can be named only under certain circumstances. <br />Regarding the conversation between your daughter and myself, I <br />suggested that if you wished to pursue collection of the letter <br />of credit issued by the now insolvent Oklahoma bank that we would <br />cooperate with your efforts to the extent we were able to do so. <br />