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III IIIIIIIIIIIIIIII <br />MARTIN R. NELSON <br />ATTORNEY AT LAW <br />SURE 2(17. UNITED BANK BUILDING <br />5601 50. BROADWAY <br />LITTLETON, COLORADO 801 21-1 1 80 <br />TELEPHONE: (303)7942036 <br />FAX: (303)7942073 <br />November 27, 1991 <br />(ADI.11 ~'Irv~e~sl GCO~oMOO) <br />' ~EC~ <br />i~Cv 2 ~ 7eG1 <br />iwuied Land <br />t-~eclamation Division <br />MS. DEBORAH L. MULLOY, Staff Assistant <br />STATE OF COLORADO <br />MINED LAND RECLAMATION DIVISION <br />1313 Sherman Street, Room 215 <br />Denver, Colorado 80203 <br />Re: American Shield Coal Company Irrevocable Letter of Credit No. 59402 <br />Fruita Mine, Permit No. C-79-060 <br />Dear Ms. Mulloy: <br />Please find enclosed under cover of this letter a photocopy of your October 29, 1991, <br />correspondence concerning the above-referenced entities, American Shield Coal <br />Company and Arabian Shield Development Company. <br />I am also in possession of the Amendment No. 1 from NCNB Bank, Dallas, Texas, <br />indicating that the amount of $90,000.00 was deposited with the State Treasurer for <br />the State of Colorado on November 1, 1990. It is my understanding that this Letter of <br />Credit has recently been reduced in value. I am requesting information from you at <br />this time concerning exactly how much the amount has been reduced. <br />I am also taking this opportunity to advise you that my client, B.L. Bobo Company, Inc. <br />has an outstanding judgment of $208,509.79 plus costs and pre-judgment and post- <br />judgment interest. I am enclosing a copy of the Findings of Fact, Conclusions of Law <br />and Order for Judgment entered by Judge Michael J. Watanabe on December 10, <br />1990. I would note to you that the Judge did make an error in the caption whereby he <br />indicated that the named Defendant was Arabian Shield Coal Company. A <br />subsequent Stipulation, a copy of which is enclosed, modified that caption to show the <br />correct caption as Arabian Shield Development Company and Arabian Shield Coal <br />Company. <br />At this time I am requesting notice from you prior to any reductions in the Letter of <br />Credit requirements, in order to protect my client's rights in Colorado pursuant to the <br />Judgment referred to above. <br />