2011-04-12_REVISION - M1980002 ‎(4)‎

• Permit No: M1980002
• IBM Index Class Name: REVISION
• Doc Date: 4/12/2011
• Doc Name: SO Approval
• From: DRMS
• To: Varra Companies, Inc.
• Type & Sequence: SO2
• Email Name: PSH
• Email Name: AJW
• Media Type: D
• Archive: No

oF.?a? STATE F
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ROY Romer, Gov(
DEPARTMENT OF NATURAL RESOURCES
MINED LAND RECLAMATION DIVISION
DAVID C. SHELTON, Director R
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FINANCIAL WARRANTY -NIAR 2 4 1988
CORPORATE .SURETY kINNE0 LAND
Operator: VARRA COMPANIES, INC.
Operation: Carr
Permit No: M-80-002 Bond
Warrantor: EMPLOYERS MUTUAL CASUALTY COMPANY
KNOW ALL MEN BY THESE PRESENTS, THAT:
WHEREAS, the Colorado Mined Land Reclamation Act, C.R.S. 1973,
34-32-101 et seq. (the "Act"), as amended, provides that no permit may be
issued under T Fe_ Act until the Mined Land Reclamation Board (the "Board")
receives a Financial Warranty (or Warranties) as described in the Act.
WHEREAS, VARRA COMPANIES INC, (the "Operator"), a
_-Colorado corporation, as applied fora permit to conduct a
mining operation sown as Carr (the "Operation).
These lands are described in Exhibit A, attached hereto, and are referred to
herein as the "Affected Lands".
WHEREAS, in the application for the permit, the Operator has agreed to
be bound by all requirements of the Act and all applicable rules and
regulations of the Board, as amended from time to time.
WHEREAS, in the application for the permit, the Operator has agreed with
the Board to provide for reclamation of the Affected Lands that are now, or
may become, subject to the permit, as required by law.
WHEREAS, the Operator and EMPLOYERS MUTUAL CASUALTY COMPANY (the
"Warrantor"), a corporation organized and existing under t e aws of-The State
of Iowa and duly authorized to transact a bonding and surety
business in t e tate o Colorado are hereby and firmly bound unto the State
in the sum of,Seventy two thousand two hundred and no/100-----Dollars
($ 72,200,00-------------- for a period of time from -- MZ[rch 1988
to Marc 1 899 for the payment of whic sum, we an truly
made, we hereby bind ourselves and our personal representatives, successors
and assigns, jointly and severally, firmly by these presents.
423 Centennial Building, 1313 Sherman Street Denver, Colorado 80203-2273 Tel. [phone]