_PERMIT FILE - M1982155 ‎(2)‎

• Permit No: M1982155
• IBM Index Class Name: Permit File
• Doc Name: RECLAMATION BOND
• Media Type: D
• Archive: No

✓ -2�
14OW, THEREFORE, The conditions of this obligation are such that if the
above bounded Principal shall, in conducting such Sand and Gravel
operations, faithfully perform the requirements of the
reclamation plan, the provisions of the application approved by the Mined
Land Reclamation Board, and the conditions of the permit issued to engage
in Sand and Gravel operations by the Mined Land Reclamation
Bcard, relating to the Colorado Mined Land Reclamation Act, as amended
(1976 Sess. Laws H.B. 1065) and the Rules and Regulations adopted pursuant
thereto, upon the Mined Land Reclamation Board making a finding that the
lands described above, or any portion of such lands have been satisfactorily
reclaimed and approving the Operator's request for a bond release on such
lands, or any portion thereof, then this obligation shall be exonerated
and discharged and become null and void; otherwise to remain in full force
and effect.
PROVIDED, However, the Surety shall not be liable under this Bond for an
amount greater in the aggregate than the st;m designated in the first
paragraph hereof, unless increased by a later amendment to this Bond.
This Bond, shall be reviewed by the Board from time to time, in accordance
with the provisions of the Act, and the Board may request an increase in
the face value of this Bond to cover increases in the costs of reclamation.
The Surety shall not be liable as respects any obligation related to
Sand and Gravel and reclamation operations performed after the
effective date of a cancellation of this Bond pursuant to the terms of
C.R.S. 1973, 34-32-117(3) , as amended (1976 Sess. Laws H.B. 1065) . This
Bond shall remain in force and effect as respects all obligations for
all Sand and Cravel and reclamation operations performed
prior to the effective date of such cancellation unless the Principal files
a substitute bond which: 1) assumes liability for all obligations for
all Sand and Gravel and reclamation operations performed during
the effective dates of this bond; and 2) is acceptable to the Mined land
Reclamation Board; or unless the Mined Land Reclamation Board otherwise
releases this surety.