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y . - ~ <br />..,. <br />__ _ =STAT~~~OF COLORADO <br />MINED LAND RECLAMATION DIVISION ~ of coo <br />Department of Natural Resources ~'~~'~ <br />BAR 0 2 199' „~" ~~'~ <br />t3t3 Sherman St.. Room 2t6 ' <br />Denver. CO 60203 ~.~>•~~ <br />303 6663567 Nined Land •,s-s <br />F.4 x. 303 832~6t06 -~..,. ~..-...a;".. !~ ... <br />COAL RECLAMATION BOND Q~"'°'"" <br />Goverror <br />FOR USE WITH CERTIFICATE OF DEPOSIT Fran R. 6ama. <br />FEDERAL MINES o~~sion Ovcaor <br />Permit No. C-Bt-Ot8 <br />KNOW ALL MEN BY THES"c PRESENTS, That t'iestern Fuels-Utah, Inc. <br />Of the County Of Jefferson in the State of Colorado ds <br />Principal (hereinafter "Principal" whether one or more Principals), is 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 T~.,on+v F'r va Thn rtcanrl <br />DOLLARS (S ~s_nnn_nn ) <br />for payment of which sum, well and truly to he made, the Principal hereby <br />binds itself and its successors and assigns firmly by these presents. <br />Principal has caused Rfo 9lanco County ~ ~' Bank of <br />Ranaely State of Colorado ("the Bank" <br />to issue its Certificate of Deposit• No. 97n5 dated <br />Nnvomhor 1_ 1gAg payable to State of Colorado Mined Land <br />• Reclamation Board and United States/OSMRE, in the amount <br />Of twenty five thoti_=and DO11drS (g 25.000.00 ) <br />and has delivered it to the State, 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 />Upon termination of the Cooperative Agreement entered into betxeen the State <br />of Colorado and the Department of the Interior, a11..bonds shall revert to <br />being payable only to the United States (CSMRE) to the extent that Federal <br />lands are involved. The Bank is not a party to this agreement; its <br />obligations are set forth in its Certificate of Deposit. Nothing in this <br />instrument diminishes or qualifies the Bank's obligations under its <br />Certificate of Deposit. <br />WHEREAS, the Principal has applied for a permit to conduct mining and . <br />reclamation operations on certain lands in Pio Blanco• County, Colorado <br />which, for convenience of reference, are described as follows: <br />See "Exhibit A" <br />Certificate of Deposit must be negotiable, payable to State of Colorado <br />United States/OSMRE and, unless the issuer waives the right to refuse <br />payment prior to maturity, must have a maturity date not more than one <br />after date of issue. <br />and <br />year <br />