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(III) If the Division or Board deems it appropriate, <br /> the property shall not include any lands in the process of <br /> being mined, reclaimed or the subject of the current applica- <br /> tion. The applicant may offer any lands for which the bonds <br /> have been released. In addition, any land used as security <br /> shall not be mined while it is security. <br /> Colorado Meadows Industrial Park is located some 23 <br /> miles from the Coal Basin Operations, lz miles west <br /> of the load-out facility, and is neither part of nor <br /> adjacent to any portion of the permit area, nor any <br /> lands being mined, reclaimed, or which are the subject <br /> of a current application. <br /> (D) Proof the person granting the security interest holds <br /> possession of and title to personal property within the <br /> State which is offered to secure the obligation of the <br /> applicant under the bond. Evidence of such ownership shall <br /> be submitted in a form prescribed by the Board. The personal <br /> property offered shall not include: <br /> (I) A property in which a security interest is held by <br /> any person; <br /> Not applicable. <br /> (II) Goods which the applicant sells in the ordinary <br /> course of his business; <br /> Not applicable. <br /> (III) Fixtures; <br /> Not applicable. <br /> (IV) Securities which are not negotiable bonds of the <br /> U. S. Government or general revenue bonds of the State; or <br /> Not applicable. <br /> (V) Certificates of deposit which are not federally <br /> insured or where the depository is unacceptable to the Division. <br /> Not applicable. <br /> (v) The applicant, or the applicant's parent organization in <br /> the event the applicant is a subsidiary corporation, shall <br /> have demonstrated to the satisfaction of the Division a <br /> history of financial solvency and continuous operation as a <br /> business entity for ten years prior to filing the application. <br /> For purposes of this paragraph, such demonstration shall <br /> include a financial statement in sufficient detail to allow <br /> the Division to determine whether it is reasonable to <br /> predict from the ownership patterns and the financial history <br /> of the applicant that it will be financially capable of <br /> completing all reclamation requirements throughout the <br />