Sd Eform - 0490 - Surety Bond - South Dakota

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SD EForm - 0490

HELP

STATE OF SOUTH DAKOTA

SURETY BOND

Bond Number ____________________________

Permit or License Number _________________________

Mine License ___

Mining/Milling Permit ___

Exploration Notice of Intent ___

Uranium Exploration Permit ___

KNOW ALL MEN BY THESE PRESENTS, That we (I) _______________________________________________________________

as Principal, and ____________________________________________________________________________________________ a

corporation organized and existing under the laws of the State of _________________________________ and duly authorized to transact

business in the State of South Dakota as surety, are held and firmly bound unto the State of South Dakota, acting through the

South Dakota Board of Minerals and Environment, in the sum of _______________________________________________________

($________________________________) dollars, for payment of which sum, well and truly to be made, we bind ourselves, and each of our

legal representatives, heirs, executors, administrators, successors and assigns, jointly and severally, firmly by these presents.

WHEREAS, the Principal has received a Permit or License from the South Dakota Board of Minerals and Environment to conduct

mining activities on the following described premises:

___ State-wide Mining

___ See Attachment listing legal description to be mined

(Enter legal locations on last page)

NOW, THEREFORE, The conditions of this obligation are such that if the above bounded Principal shall, in conducting the above described

operations faithfully perform the requirements of the permit or license, reclamation plan, operating plan, SDCL Chapter 45-6, 45-6B, 45-6C,

and 45-6D relating to mining, exploration, and uranium exploration, as applicable, and the Rules and Regulations adopted pursuant thereto,

then this obligation shall be exonerated and discharged and become null and void; otherwise it will remain in full force and effect.

PROVIDED, However, the Surety shall not be liable under this bond for an amount greater in the aggregate than the sum designated in the

first paragraph hereof and provided by SDCL 56-2-12.

The Principal and Surety under this agreement hereby acknowledge that under the provisions of SDCL 34A-10-2.2 and 34A-10-2.3, all right

and title to any surety bond shall be held by the State until such time as the Board, by order releases the surety bond. Such surety bond

does not constitute an asset of the person required to provide it, and may not be canceled, assigned, revoked, disbursed, replaced or

allowed to terminate without Board approval. This surety bond may not be assigned for the benefit of creditors, attached, garnished, levied

or executed on, or subject to process issued from any court except for the purpose of enabling the State to effectuate environmental

cleanup or remediation.

I declare and affirm under the penalties of perjury that this claim (petition, application, information) has been

examined by me, and to the best of my knowledge and belief, is in all things true and correct.

__________________________________________________

______________________________________________

Principal's Signature

Principal's Mailing Address

Principal’s Title: _____________________________________

Date: _________________________________________

_____________________________________________________

_______________________________________________

Surety Company

Surety’s Mailing Address

_________________________________________________

Signed and Sealed this Date: ________________________

Surety Executed By

(SURETY'S SEAL)

STATE ACCEPTANCE

The South Dakota Board of Minerals and Environment accepts this surety bond in the amount of $________________________________

_______________________________________

__________________________________________________

Chairman, SD Board of Minerals & Environment

Date

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Surety_Bnd.doc

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