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ii iiiiiiiiiiiiiiii <br />~ STATE O~ COLORADO <br />DIVISION OF MINERALS AND GEOLOGY <br />Department o(Nulural Resources <br />1 313 Sherman 51., Ruom 215 <br />Denvcr, Colorado 80203 <br />Phonc: 13071 865-3567 <br />FA%: 13031 832-8106 <br />October l4, 1997 <br />Ms. Laurie Mason <br />Personal Banker <br />First National Bank <br />[600 N. College <br />Ft. Collins, CO 80524 <br />Re: Stone Wholesale Corporation, File No. M-97-065, Certificate of Deposit No. 70712 <br />Dear Ms. Mason: <br />II~~~ <br />DEPARTMENT OF <br />NATURAL <br />RESOURCES <br />Roy Romer <br />Governor <br />lames S. Lochhead <br />Executive Director <br />Michael a. long <br />Division Director <br />On October 10, 1997, the Division of Minerals and Geology received First National Bads Time Certificate of Deposit No. <br />70712, in the amount of $5,000.00, which is being submitted as a collateral reclamation bond on behalf of Stone Wholesale <br />Corporation. The Division cannot accept Certificate of Deposit No. 70712 for the following reasons: <br />The address and phone number on the CD must be the Division's address and phone number. Our address and <br />phone number is 1313 Sherman Street, Room 215, Denver, CO 80203; (303) 866-3567. This must be stated on <br />the CD itself, any signature cards, and also on the books of the bank. The reason for this is so that the Division <br />can track the CD. All interest checks, interest statements, 1099 fortes, and any other information pertaining to <br />this certificate is supplied to the Division then the Division will either copy the information to Stone Wholesale <br />Corporation or send the original information to Stone Wholesale Corporation. <br />Certificate of Deposit /pterest: The interes[ shodd not accrue against the Cer[ifica[e. The interest does belong to <br />Stone Wholesale Corporation and shodd be either deposited inm a checking or savings account, or paid by check <br />to Slone Wholesale Corporation. [f Stone Wholesale Corporation world like to receive the interest by check, you <br />shodd mail the check to the Division and the Division Director will endorse the check over to Stone Wholesale <br />Corporation. This is a way for the Division to keep vack of the CDs to safeguard against the premature cashing <br />of each certificate. <br />$(pnptpn Card: The Division did not receive a signamre card for this CD. If First National Bank requires a <br />signature cazd to be signed please send Ote cazd to the Division. The Division Director is the ody approved <br />signature required for endorsement of the certificate. <br />The State requires the bank make the above memioned changes to Certificate of Deposit No. 70712, which is enclosed, to <br />safeguard against the premature cashing of the certificate. 1 have enclosed a copy of the instruction sheet for Certificate of <br />Deposits. <br />If you have any ques[ions, please do not hesitate to call. <br />S' erely, <br />~ ~~ cam. <br />Barbara D. Chiappone <br />Minerals Division Program Assistant lI CERTIFIED MAIL NO. P 213 351 855 <br />Enclosures Return Receipt Requested <br />cc: Lewis J. Striggow, Stone Wholesale Corporation <br />