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'~~ <br />3 <br />terms and conditions of the issued Wolf Ridge Corporation leases, limited to the <br />saline zone. and requiring the protection of the oil shale. Applicants Consistently <br />demanded throughout the hearing and appeal process that they be issued <br />preference right leases substantially identical to the Wolf Ridge leases. The leases <br />offered to the Yankee Gulch group are consistent with the intent of the Mineral <br />Leasing Act, the Secretary's mandate end the IBLA decision. <br />r l1~e Lj4 Personal Bond and Power of Attorney having Yankee Gulch Joint Venture as <br />~~1 . R obligor was filed on November 27, 1991, for C-0118328. The bond is secured <br />D`~ , It;` through a U.S. Treasury Bond having a current value of 55,000. This negotiable <br />w security matures on November 15, 2021. After the maturity date, the bond will be <br />~~, \~ held without further interest payments to the obligor. Anew replacement bond <br />~~ must be accepted before the proceeds of the matured security can be transferred <br />e to the obligor's bank. A Personal Bond and Power of Attorney was also filed on <br />J`{'. November 27, 1991, for C-0118329 in the amount of 55,000 having Yankee <br />Gulch Joint Venture as obligor. The U.S. Treasury Bond and the cash bond <br />a have been examined and found satisfactory. Thcy are accepted effective <br />11~ 0 ~ January 1, 1992, the effective date of the leases. <br />~ll`~ti~'~ All statutory and regulatory requirements now having been met, sodium preference <br />~_ 1, ~ right leases C-0118328 and C-0118329 are hereby issued to Yankee Gulch Jaint <br />~~~~ ' Venture effective January 1, 1992. Copies of the executed leases are enclosed. <br />Sincerely, <br />~v l~'l C/V~ZCyy~`" ~ <br />_ ;.ssociate SL Re Dire Moore <br />Enclosures <br />Sodium Preference Right Leases <br />cc: <br />Baker & Hostetler <br />Regional Solicitor <br />DM, Craig <br />CO-920/923 <br />