REP21690

• Permit No: M1977347
• IBM Index Class Name: Report
• Doc Date: 10/10/2000
• Doc Name: ANNUAL REPORT
• Permit Index Doc Type: ANNUAL FEE / REPORT
• Media Type: D
• Archive: No

• ~~ t
TELEX: 3772134 MNB INTL DET ONE DETROIT CENTER
170363 MNB INTL DET 500 WOODWARD AVENUE
SWIFT: MNBD US 33 24TH FLOOR, MC 3341
FAX [phone] DETROIT, MI 48226
IRREVOCABLE STANDBY LETTER OF CREDIT
BENEFICIARY:
STATE OF COLORADO
MINED LAND RECLAMATION BOARD
215 CENTENNIAL BUILDING -
1313 SHERMAN STREET
DENVER, COLORADO 80203
APPLICANT:
HOLNAM, INC.
P.o. Box lzz
DUNDEE, MICHIGAN 48131
PHONE: [phone]
GENTLEMEN
QIVISIQ~ 0! NIt)Qldl~ 0~. UCUIOpy
Wfi HEREBY ISSUE AND ESTABLISH OUR IRREVOCABLE LETTER OF CREDIT, THE AMOIINT
WHICH IS AVAILABLfi BY BENEFICIARY'S DRAFT OR DRAFT'S DRAWN .III'ON US, WHICH SHALL
BE PAID AT SIGHT,_WHEN ACCOMPANIED BY THfi.FOLLi?1WING-DOCUMENT: •
A WRITTEN STATEMENT OF THE DIRECTOR ("THE-;D~1;2$,CI'~R",j'. OF THE DIVISION OF
MINERALS AND GEQLOGY.OF THE STATE OF COLORADQ~("Sf~E~DI.VISION") CERTIFYING
THAT HE IS A DULYAUTHORIZED OFFICIAL ACTING: •'OAT•SEF `~2,F OF TFIfi. STATE OF~
COLORADO THAT ~~ AMO OF ~ THIE~A~ NL'~~QMP G~=SI R}~FT ~ TS ~ ~ IIE AND ~
OR ITS~S ST SSORSH~LfiG D~FAIPGD,/UOR~S.fi - ART HO 6 ,OINC-~
ALTHOUGH FEQIIESTED:TO DO SO 8Y THE D.IR.E6~1'OI{;; •:.;
EACH SZGHT-:I)RAFT;'S.O Id,RAHN.~.AND, PFESEN'~'ED;5~:~9~,=210
PRIOR TO THfi ~CS.OSE:OF:;BAAS~~INESS:DN.'0'HE'E]CP SOtt'.DB
'CFSDIT; THIS;'CREL)IT.'R~~'sRS~TO.;FIOYi7AI%!.•:YIS(S:~$'•}1~L~
ENGAGE IN. 23IITILiG=ANb ;-{IE-GLFiMATIbN -~ACTIVI'L'I£~ j7XT~N-;
IT IS AN~EXPRESS,,CONI77TION OF'~TffIS`:LSTTER;<!F;'%C$GSSI~
(".THE HANK'.)_~'SHAi=I,-DI.O,~~~FY.THE DIRECTOF
EXPIRATION DATE ~IN ~ WRTTIiIG BY REGISTEF
THE 6ANK ELECTS-NOT TQ .EXTEND THS~~CRSL
IN SUCH EVENT, •YN-: ~AI)DI1'ION TO liI$-POWF
PARAGRAPHS, THE DIRECTOR MAY'DRAW~THE.
TIME PRIOR TO SUCH.~EXPIRATION DATE BY~
THE WRITTEN •STATEM&NT~'OF.THE DIRECTOR
HELD AS A~CASH~DEPOSIT •IN LIEII OF FIND
COLORADO STATUTES GOVERNING MINED LANL
Y ~ SU ~AMCIJNT :..:
;ED ;B,Y US :IF.: ;PRESENTELI
OR:TFiISCifiiTSR:•0~~.: _~.~.
~tqN- F61~' A:2ERMI')'•'li0' •
,•~'STATE -OF •,COLOF!Ab0 -
RAT IT SHALL ~ BE
'S RRIOR TO, AN
ABOVE ADDRESS, THAT
TIONAL PERIOD- -
~I~IDER .THE PRECEDING
ER AMOUNT HEREOF AT AN:C
DRAFTS, ACCOMPANIED SY
THE AMOUNT DRAWN WILL 13E
AS PROVIDED ZN APPLICABLE
THE ORIGINAL SIGNED LETTER OF CREDIT .WILL BE PRESENTED. TO THE BANK BY THE
BENEFICIARY ALONG WITH 'ANY DRAFT PRESENTED•~URSUANT TO THIS LETTER OF CREDIT,
AND WILL BE SURRENDERED TO THE BANK WITH ANY DRAFT WHICH DRAWS THE FULL AMOUITT,
OR THE BAI.FINCE REMAINING AVAILABLE, UNDER.THIS LETTER OF CREDIT-
DATE: JULY 15, 1994
NO.: 524465
AMOUNT: $184,819.00
INITIAL EXPIRATION
DATE: JULY 14, 1995,
lenar d CreEtl Dnnsgn
~c~tr-c ~r ~ M "~~- 34'~
51x9 eANYa~ ~~Y RECEr.~ED
~u~ i e .tss~
M'
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