"Performance Bond to Conduct Mining" - Oregon

Performance Bond to Conduct Mining 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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OREGON DEPARTMENT of GEOLOGY and MINERAL INDUSTRIES
MINERAL LAND REGULATION & RECLAMATION PROGRAM  229 BROADALBIN ST SW  ALBANY OR 97321
PERFORMANCE BOND TO CONDUCT
or
or
 Oil/Gas Well Drilling
 Seismic Program
 Information Hole Operation
Bond No.___________________________________ DOGAMI API No.___________________________________
Site Location: County__________________ Township________ Range________ Section________ ¼ Section_______
KNOW ALL MEN BY THESE PRESENTS:
That we _________________________________________________________________(name of permittee), 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 (the Department) 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 (month)
_________________, (year)___________.
The condition of the above obligation is such that whereas the above Principal is an applicant for a permit to conduct oil/gas well drilling, a
seismic program, or information hole operation in Oregon pursuant to ORS Chapter 520.
It is understood and agreed that the Department may grant to Principal extensions of time to complete the 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 said Principal shall faithfully perform the requirements of: the approved reclamation plan filed with the
Department; all terms and conditions of the applicable permit; provisions of ORS 520; and, 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 at least thirty (30) days prior to the effective
date of cancellation.
The above-referenced statutes, rules and permits 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’s Mineral
Land Regulation & Reclamation (MLRR) program at the address listed above. Notices sent to any other location are not effective until
physically received by the MLRR office.
_________________________________________________
______________________________________________
(Name of Principal - print or type)
(Name of Surety Company - print or type)
_________________________________________________
______________________________________________
(Signature of Principal / Date Signed)
(Name, Title of Attorney-in-Fact - print or type)
______________________________________________
(Signature / Date Signed)
______________________________________________
Send completed form with ORIGINAL
(Mailing Address)
signatures to address above.
______________________________________________
(City/State/Zip)
______________________________________________
(Phone)
OREGON DEPARTMENT of GEOLOGY and MINERAL INDUSTRIES
MINERAL LAND REGULATION & RECLAMATION PROGRAM  229 BROADALBIN ST SW  ALBANY OR 97321
PERFORMANCE BOND TO CONDUCT
or
or
 Oil/Gas Well Drilling
 Seismic Program
 Information Hole Operation
Bond No.___________________________________ DOGAMI API No.___________________________________
Site Location: County__________________ Township________ Range________ Section________ ¼ Section_______
KNOW ALL MEN BY THESE PRESENTS:
That we _________________________________________________________________(name of permittee), 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 (the Department) 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 (month)
_________________, (year)___________.
The condition of the above obligation is such that whereas the above Principal is an applicant for a permit to conduct oil/gas well drilling, a
seismic program, or information hole operation in Oregon pursuant to ORS Chapter 520.
It is understood and agreed that the Department may grant to Principal extensions of time to complete the 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 said Principal shall faithfully perform the requirements of: the approved reclamation plan filed with the
Department; all terms and conditions of the applicable permit; provisions of ORS 520; and, 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 at least thirty (30) days prior to the effective
date of cancellation.
The above-referenced statutes, rules and permits 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’s Mineral
Land Regulation & Reclamation (MLRR) program at the address listed above. Notices sent to any other location are not effective until
physically received by the MLRR office.
_________________________________________________
______________________________________________
(Name of Principal - print or type)
(Name of Surety Company - print or type)
_________________________________________________
______________________________________________
(Signature of Principal / Date Signed)
(Name, Title of Attorney-in-Fact - print or type)
______________________________________________
(Signature / Date Signed)
______________________________________________
Send completed form with ORIGINAL
(Mailing Address)
signatures to address above.
______________________________________________
(City/State/Zip)
______________________________________________
(Phone)