Whereas the obligor agrees that the coverage of this bond, in addition
to the present holdings of the obligor must extend to and include:
1. Any mineral permit or lease hereafter issued to, or acquired by,
the obligor affecting the named mineral deposits in the State or States
now named in Schedule A, or later named in a rider, the coverage to
be conned in the obligor’s holdings under the act or acts cited at
the head of the column in which the name(s) of the State or States
appears and to become effective immediately upon such issuance or
upon departmental approval of a transfer in favor of the obligor.
2. Any operating agreement hereafter entered into or acquired by
the obligor, affecting the named mineral deposits in the States now
named in Schedule A, or later named in a rider, relating to mineral
permits or leases issued under the act or acts cited in Schedule A
at the head of the column in which the name of the State is placed.
The coverage must become effective immediately upon departmental
approval of the agreement or of a transfer of an operating agreement
to the obligor.
3. Any designation subsequent hereto of the obligor as operator or
agent of a permittee or lessee under a permit or lease issued pursuant
to an act or acts cited in Schedule A and covering lands in a State
named in Schedule A, either presently or by rider. This coverage must
become effective immediately upon the ling of such a designation
under a permit or lease.
4. Any extension of a permit or lease covered by this bond, such
coverage to continue without any interruption due to the expiration of
the term set forth in the permit or lease.
Whereas the obligor hereby agrees that notwithstanding the termina-
tion of any permit or permits, lease or leases, operating agreements
or designations as operator or agent, covered by this bond, whether
the termination is by operation of law or otherwise, the bond must
remain in full force and effect as to any remaining permits, leases,
operating agreements, or designations covered by the bond; and
Whereas the obligor as to any permit or lease or part of a permit or
lease for lands as to which he has been designated as operator or
agent, or approved as operator, in consideration of being permitted
to furnish this bond in lieu of the permittees or lessees, agrees and by
these presents does hereby bind himself to fulll, on behalf of each
permittee or lessee, all the obligations of each permit or lease for the
entire permit or lease areas in the same manner and to the same extent
as though he were the permittee or lessee; and
Signed on this day of , 20
(Signature of Witness)
(Printed Name of Witness)
(Address of Witness)
(Signature of Witness) (Printed Name of Witness)
(Address of Witness)
Whereas the obligor agrees that notwithstanding any use of the se-
curity pledged herewith for the purpose for which it is pledged, the
bond must remain in full force and effect in the sum above set forth
and that he will, whenever so required by the United States, deposit
additional security to bring the security up to the full amount; and
Whereas the obligor agrees that the neglect or forbearance of the
United States in enforcing, as against the permittees or lessees of the
United States, the payment of rentals or royalties or the performance
of any other convenant, condition, or agreement of the permits or
leases, must not, in any way, release the obligor from any liability
under this bond; and
Whereas the obligor agrees that in the event of any default under the
permits or leases, the United States may commence and prosecute
any claim, suit, action, or other proceeding against the obligor with-
out the necessity of joining the permittees or lessees.
Now, Therefore, If said obligor must in all respects faithfully comply
with all of the provisions of the permits and leases referred to herein-
before, then the above obligations are to be void; otherwise to remain
in full force and effect.
That the said obligor does hereby constitute and appoint the Secre-
tary of the Interior as his attorney, for him and his name to collect
or to sell, assign, and transfer the said United States bonds above
described and deposited by the obligor, as aforesaid, pursuant to au-
thority conferred by Section 1 of the act of July 30, 1947 (61 Stat.
646; 6 U.S.C. 15) as security for the faithful performance of any and
all of the conditions or stipulations as hereinbefore set out, and it is
agreed that, in case of any default in the performance of the condi-
tions and stipulations of such undertaking the said attorney will have
full power to collect said bonds or any part thereof, or to sell, and
transfer said bonds or any part thereof without notice, at public or
private sale, free from any equity or redemption or without appraise-
ment or valuation, notice and right to redeem being waived, and to
apply proceeds of such sale or collection to the full amount of the
bond to the satisfaction of any damages, or deciencies arising by
reason of such default, as said attorney may deem best. The interest
accruing upon said United States bonds deposited as above stated,
in the absence of any default in the performance of any of the con-
ditions or stipulations of the bond, must be paid to said obligor. The
said obligor hereby for himself, his heirs, executors, administrators,
and successors, raties and conrms whatever his said attorney will
do by virtue of these presents.
, in the presence of:
(Signature of Obligor)
(Printed Name of Obligor)
(Business Address of Obligor)
[Seal]
If this bond is executed by a corporation, it must bear the seal of such corporation.
Title 18 U.S.C. Section 1001 and Title 43 U.S.C. Section 1212, make it a crime for any person knowingly and willfully to make to any department or agency
of the United States any false, ctitious or fraudulent statements or representations as to any matter within its jurisdiction
(Continued on page 3)
(Form 3504-4, page 2)
