"Performance Bond to Conduct Mineral Exploration" - Oregon

Performance Bond to Conduct Mineral Exploration is a legal document that was released by the Oregon Department of Geology and Mineral Industries - a government authority operating within Oregon.

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PERFORMANCE BOND TO CONDUCT MINERAL EXPLORATION
Send completed form with ORIGINAL signatures to Dept. of Geology
229 Broadalbin Street SW, Albany OR 97321-2246
DOGAMI ID No. __________________________________
BOND No. _________________________________
Site Location:
S________, T_______, R_______, __________________ County Site Name ________________
(Section)
(Township)
(Range)
This bond shall apply to exploration covered by a valid exploration permit issued by the Oregon Department of Geology
for mineral exploration in Oregon.
KNOW ALL MEN BY THESE PRESENTS THAT:
_________________________________________, as principal, and _________________________________________,
a corporation duly licensed to do business in the State of Oregon, as surety are held and firmly bound unto the State of
Oregon, acting by and through the Department of Geology and Mineral Industries, in the sum of
____________________________________________ dollars ($_________________) lawful money of the United States
for payment of which will and truly to be made we bind ourselves and our legal representatives jointly and severally by
these presents.
Executed this _______________ day of _____________________________, ____________.
The condition of the above obligation is such that whereas the above principal is an applicant for a permit to conduct mineral
exploration in Oregon pursuant to ORS Chapter 517.
It is understood and agreed that the Department may grant to principal extensions of time to complete his reclamation plan, which are
based upon delays occasioned by causes beyond principal's control. Such extensions of time shall not cancel the bond, but continue it
in full force and effect for the period of such extension of time.
NOW THEREFORE, if the said principal shall faithfully perform the requirements of the reclamation plan as approved by the
Department of Geology and Mineral Industries; the terms and conditions of this exploration permit; and the provisions of
ORS 517.702 through 517.989 and 517.992; and the rules of said Department adopted thereunder, then this obligation to be void,
otherwise to remain in full force and effect provided that if the surety elects to cancel this bond as to subsequent liability, surety must
give written notice to the principal(s) and to the Department of Geology and Mineral Industries at least thirty (30) days prior to the
effective date of cancellation.
The above-referenced statutes, rules and operating permit require the principal to maintain this performance bond until all reclamation has
been completed and approved by the Department or until the Department has received and approved a replacement performance bond or
alternative form of financial security. Any notice of cancellation given by the surety prior to the completion of reclamation or the approval
of a replacement bond or alternative form of financial security is cause for a demand on the bond, and upon demand by the Department
prior to the effective date of the cancellation, the surety shall be liable for payment of the bond sum.
The Surety shall send any notice or cancellation or other correspondence relating to this bond and directed to the Department to 229
Broadalbin Street SW, Albany, Oregon 97321-2246. Notices sent to any other location are not effective until actually received by the
Albany office.
__________________________________________
__________________________________________
(Name of Principal - print or type)
(Name of Company - print or type)
__________________________________________
__________________________________________
(Signature of Principal & Date Signed)
(Name & Title of Attorney-in-Fact - print or type)
__________________________________________
(Signature & Date Signed)
__________________________________________
OFFICE USE ONLY:
(Mailing Address)
Acres _____ Use _____________________
__________________________________________
Authorization
(City/State/Zip)
__________________________________________
(Phone)
P:\FORMS LISTS LABELS ENVELOPES\Bonds - ALL Programs\Bonds - Mining\Exploration\Exploration_Performance_Bond_05-2016.doc
PERFORMANCE BOND TO CONDUCT MINERAL EXPLORATION
Send completed form with ORIGINAL signatures to Dept. of Geology
229 Broadalbin Street SW, Albany OR 97321-2246
DOGAMI ID No. __________________________________
BOND No. _________________________________
Site Location:
S________, T_______, R_______, __________________ County Site Name ________________
(Section)
(Township)
(Range)
This bond shall apply to exploration covered by a valid exploration permit issued by the Oregon Department of Geology
for mineral exploration in Oregon.
KNOW ALL MEN BY THESE PRESENTS THAT:
_________________________________________, as principal, and _________________________________________,
a corporation duly licensed to do business in the State of Oregon, as surety are held and firmly bound unto the State of
Oregon, acting by and through the Department of Geology and Mineral Industries, in the sum of
____________________________________________ dollars ($_________________) lawful money of the United States
for payment of which will and truly to be made we bind ourselves and our legal representatives jointly and severally by
these presents.
Executed this _______________ day of _____________________________, ____________.
The condition of the above obligation is such that whereas the above principal is an applicant for a permit to conduct mineral
exploration in Oregon pursuant to ORS Chapter 517.
It is understood and agreed that the Department may grant to principal extensions of time to complete his reclamation plan, which are
based upon delays occasioned by causes beyond principal's control. Such extensions of time shall not cancel the bond, but continue it
in full force and effect for the period of such extension of time.
NOW THEREFORE, if the said principal shall faithfully perform the requirements of the reclamation plan as approved by the
Department of Geology and Mineral Industries; the terms and conditions of this exploration permit; and the provisions of
ORS 517.702 through 517.989 and 517.992; and the rules of said Department adopted thereunder, then this obligation to be void,
otherwise to remain in full force and effect provided that if the surety elects to cancel this bond as to subsequent liability, surety must
give written notice to the principal(s) and to the Department of Geology and Mineral Industries at least thirty (30) days prior to the
effective date of cancellation.
The above-referenced statutes, rules and operating permit require the principal to maintain this performance bond until all reclamation has
been completed and approved by the Department or until the Department has received and approved a replacement performance bond or
alternative form of financial security. Any notice of cancellation given by the surety prior to the completion of reclamation or the approval
of a replacement bond or alternative form of financial security is cause for a demand on the bond, and upon demand by the Department
prior to the effective date of the cancellation, the surety shall be liable for payment of the bond sum.
The Surety shall send any notice or cancellation or other correspondence relating to this bond and directed to the Department to 229
Broadalbin Street SW, Albany, Oregon 97321-2246. Notices sent to any other location are not effective until actually received by the
Albany office.
__________________________________________
__________________________________________
(Name of Principal - print or type)
(Name of Company - print or type)
__________________________________________
__________________________________________
(Signature of Principal & Date Signed)
(Name & Title of Attorney-in-Fact - print or type)
__________________________________________
(Signature & Date Signed)
__________________________________________
OFFICE USE ONLY:
(Mailing Address)
Acres _____ Use _____________________
__________________________________________
Authorization
(City/State/Zip)
__________________________________________
(Phone)
P:\FORMS LISTS LABELS ENVELOPES\Bonds - ALL Programs\Bonds - Mining\Exploration\Exploration_Performance_Bond_05-2016.doc