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HomeMy WebLinkAbout920738.tiff pg23D3 ° RESOLUTION RE: APPROVE FINANCIAL WARRANTY CORPORATE SURETY WITH SAFECO INSURANCE COMPANY OF AMERICA FOR CONNELL RESOURCES, INC. /LAKU LANDING WHEREAS, the Board of County Commissioners of Weld County, Colorado, pursuant to Colorado statute and the Weld County Home Rule Charter, is vested with the authority of administering the affairs of Weld County, Colorado, and WHEREAS, by Resolution dated May 23, 1990, the Board approved a Special Review Permit for gravel mining, processing, and reclamation for Randall Hocking and Philip Yastrow (Laku Landing) , and WHEREAS, Condition of Approval #6 of said Resolution requires a bond to ensure reclamation of the mining operation be provided to the Board, and WHEREAS, the Board has been presented with a Financial Warranty Corporate Surety, and a Continuation Certificate of such, with Safeco Insurance Company of America for Connell Resources, Inc. /Laku Landing, commencing July 8, 1991, and ending July 8, 1993, with the further terms and conditions being as stated in said surety, and WHEREAS, after review, the Board deems it advisable to approve said surety, a copy of which is attached hereto and incorporated herein by reference, conditional upon Randall Hocking and Philip Yastrow signing said surety. NOW, THEREFORE, BE IT RESOLVED by the Board of County Commissioners of Weld County, Colorado, that the Financial Warranty Corporate Surety, and a Continuation Certificate of such, with Safeco Insurance Company of America for Connell Resources, Inc. /Laku Landing be, and hereby is, approved, conditional upon Randall Hocking and Philip Yastrow signing said surety. The above and foregoing Resolution was, on motion duly made and seconded, adopted by the following vote on the 5th day of August, A.D. , 1992, nunc pro tunc July 8, 1991. (///�� /� /J�� /) BOARD OF COUNTY COMMISSIONERS ATTEST: A / _ /_� //�j!// WELD COUNTY, COLORADO Weld County/l Clerk{J to(/the�d EXCUSED �t Geo Kennedy, Chairman � i � Deputy Cl rk o the Board Constance L. Harbert, Pro-Tem APPROVED 'S) T ORM:( EXCUSED DATE OF SIGNING (AYE) : bc4 . Kir C County Attorney le M 2hilF W. H. Webster B 1351 REC 02303990 09/18/92 15 :30 $0 .00 1/007 PL0689 F 1186 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO 920738 1 Q. CG : pi, S co ta✓NCLt_ , F (C!-1) � 0/ 4, • .,,. O P,J Jlti a � =i. r! I: l.ti .I JO' I Z ill G 9`i H iiI ii Cs ,._i 2:: ka to U ::::,hl in C, , z :-,i...:Lt!Li COtc .72: W is ID 0:. a _ •• 1 C, 110-4C_1.,:. LC --= U 0 C VI CI!fir W. Z 4:lS:r:Ltl.L:ZI- r� OH oa aCt It:HLIJ U T_!LC -- W, I-I _I 1 ED__I LI - L7 - -1 ia.iJ.l III _ ., a W - "IJ LEI F- _ U ti 1. ID .� '1 ., 0 I 4. 0 : .,7 t•-, CH - .. I c -,. -i : D-- c , C1 S::, Q CC O (I m .3 4 w '-... I I- a I- o /< l C el 0 • p LI JP,, „Az ......._., ( sl,\Ncfro.?..O i...) ft.:.s.............iptitill ZE909 00V1:10100 1A31331:10-9SL XO8'O'd JUL 16 1991 ANELD COUNTY ATTORNEY'S OFFICE WELD COUNTY HOARD OF COMMISSSONERS • FINANCIAL WARRANTY t L y " ' CORPORATE SURETY r_ r Operator: CONNELL RESOURCES, INC. Operation: Laku Landing Permit No: Bond No: 5698355 Warrantor: SAFECO INSURANCE COMPANY OF AMERICA KNOW ALL HEN BY THESE PRESENTS, THAT: WHEREAS, USR 908 granted by the Board of County Commissioners of Weld County ( The "Board") on May 23, 1991 and The Weld County Zoning Ordinance § 24.43, ("Ordinance"), the applicant must provide certain Warranty (or Warranties). WHEREAS, S'ONNFLL RESOURCES. INC. (the "Operator" ), a Colorado corporation, is the operator for the applicants, Randall Hocking and Philip Yastrow, who have obtained the USR for Gravel mining and other purposes for a mining operation known as Laku Landing (the "Operation"). These lands are described in Exhibit A, attached hereto, arid are referred to herein as the "Affected Lands", WHEREAS, in the application for the permit, the applicants have agreed to be bound by all requirements of the Ordinance and the USR. WEIEREAS, in the application for the permit, the applicant has agreed with the Hoard to provide for reclamation of the Affected Lands that are now, or may become, subject to the permit, as required by law. SAFECO INSURANCE WHEREAS, the operator, applicant, and COMPANY OF AMERICA (the "Warrantor"), a corporation organized and existing under the laws of the State business in the State of Colorado are hereby and firmly bound unto the State in the sum ofFOURTf`,N THOUSAND FIVE HUNDRED SIX AND 47/100 Dollars (S-14.506.47--1 for a period of time from July 8 , 1991 to July 8 , 1992 , for the payment of which sum) well and truly made, we hereby bind ourselves and our personal representatives, successors and assigns, jointly and severally, firmly by these Presents. WHEREAS, the Board has determined, in accordance with the Ordinance and USR, that the estimated costs of reclamation of the Affected Lands are those amounts for the stated periods of time as set forth herein. Said amount may be amended from time to time to reflect revised estimates of said coats of reclamation, WlItREAS, the Operator, the Applicant and the Warrantor, in accordance with the Ordinance and USR, has promised and hereby promises the Board that it will be responsible for all the estimated costs of reclamation with regard to the Affected Lands. B 1351 REC 02303990 09/18/92 15 :30 $0 .00 2/007 F 1187 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO WHEREAS, the Board has determined that this Financial Warranty by the Warrantor equals the estimated costs of reclamation, as approved by the Board, with regards to the Affected Lands. NOW, THEREFORE, Lhe Operator, Applicant and the Warrantor are held hereby firmly unto the County of Weld, State of Colorado in the amount of those sums for those periods of Lime as set forth herein, until this Financial Warranty is amended or released in accordance with applicable law. The board may, for good cause shown, increase or decrease the amount and duration of this Financial Warranty. The Operator shall have sixty (60) days after the date of notice of any such adjustment to increase the surety amount, but no such increase shall bind the Warrantor unless and until it shall have consented ,., thereto in writing by the issuance of an additional Financial Warranty or by an '-' w endorsement of this Financial Warranty. tam ,u'., The Operator, Applicant and the Warrantor shall -notify the Board Immediately of any n event which may impair this Financial Warranty. If the Board receives such notice, �C or otherwise has reason to believe that this Financial Warranty has been materially y impaired, it may convene a hearing in accordance with the Act for the purpose of z r'' zo determining whether impairment has occurred. • vz ttlio o The obligation of the Operator, Applicant and the Warrantor shall continue until the C tr Board has released this Financial Warranty or has ordered it forfeited in o accordance with applicable provisions of the Act. It is understood that periods of ti years may necessarily be required before determination can be made that H reclamation of the Affected Lands has been satisfactorily completed. It is also z recognized that, as reclamation is accomplished, Lhe amount of this Financial • n Warranty may be reduced with the approval of Lhe Board so that it reflects the ri then current estimated cost of the remaining reclamation of the Affected Lands. N No revision, extension, or renewal of the permit, or of Lhe Lime allowed to complete reclamation, shall diminish the Operator's, Applicants' or Warrantor's obligation • o under this Financial Warranty. No misrepresenLstion by the Operator or Applicants which may have induced the Warrantor to execute this Financial Warranty shall be p any defense to demand by the State under this agreement. t7 49. 0 In any single year during the life of Lhe o permit, the amount of the Financial • Warranty shall not exceed the estimated cost of fully reclaiming all lands to be • o affected in said year, plus all lands affected in previous permit years and not yet, t" a fully reclaimed. Reclamation costs shall be computed with reference to current reclamation costs. C,• u 0 The amount of this Financial Warranty is based upon estimates as to the cost of n o O reclamation, and does not operate to liquidate, limit, enlarge or restrict. the Operator's obligations to complete reclamation and to comply in all respects with the permit and with applicable laws and regulations governing reclamation, even though the actual cost thereof may substantially exceed the amount of this Financial Warranty. The Warrantor shall not be liable under this Financial Warranty for an amount greater than the sum designated herein, unless increased by a later amendment to this Financial Warranty. This Financial Warranty shall be reviewed by the Board from time to time, and the Board may require an increase in the principal sum of this Financial Warranty (and a corresponding increase in the surety amount) to cover increases in the estimated costs of reclamation, but no such increase shall bind the Warrantor unless and until IL shall have consented thereto in writing by the issuance of an additional Financial Warranty or by an endorsement of this Financial Warranty. l C.. • The Warrantor reserves the right to cancel this Financial Warranty, effective only upon an anniversary date, and only by giving written notice to that effect, mailed by Certified Mail, at least ninety (90) days prior to such anniversary date, addressed to the Operator at its address herein stated, Applicants at the address stated herein, and to the Board at the address stated herein. In the event of such cancellation, this Financial Warranty shall nevertheless remain in full force and effect as respects Lhe reclamation of all areas disturbed prior to the effective date of such cancellation, unless and until the operator and Applicants shall file a substitute Financial Warranty which: (1) assumes liability for all reclamation obligations which shall have arisen at any Lime while this Financial Warranty is in force; and (2) is accepted in writing by the Board. In the event of such cancellation, if the Financial Warranty is not fully released, the amount of the continuing Financial Warranty available for the reclamation of areas disturbed and unreclaimed at the date of cancellation shall be fixed by the Board at the amount it determirx s necessary W Complete such reclamation (which amount may not exceed the sum designated herein and the Board shall concurrently identify such areas in writing, and notify the Warrantor, Applicants and the Operator thereof. Thereafter, the obligation of the Warrantor shall be limited to reclamation of the areas so identified. The consideration for the Warrantor's execution of this agreement is the promise of the Operator to pay the premiums, but failure by the Operator to pay such premiums shall not invalidate or diminish Lhe Warrantor's obligation hereunder. The Board may make demand upon the Warrantor for payment hereunder if the Board determines that reclamation which ought to have been performed by the Operator, Applicants or their succeasora ur assigns, remains unperformed, and if Financial Warranty forfeiture procedures require by law have been initiated. No other condition precedent need be fulfilled to entitle Lhe State to receive the amount so demanded. However, if, upon completion of reclamation by the State, the amounts expended for reclamation shall be less than the amount received from the Warrantor, the excess shall be promptly refunded Lo Lhe Warrantor, If demand is made upon the Warrantor for payment of an amount due to the Board hereunder, and if the warrantor fails to make payment of such amount within ninety (00) days after the date of receipt of such demand, or if it should thereafter be determined, by agreement of the Warrantor or by final judgment of court, that the amount demanded was properly payable, the Warrantor agrees to pay to the Board, in addition to the amount demanded, interest at the prime rate in effect from time to time at the United Bank of Denver for the period commencing at, the end of such ninety-day period and ending on the date of actual payment., If the Board shall notify the Warrantor that the Operator or Applicants are in default, and if the Board shall initiate any Financial Warranty forfeiture procedures required by law or regulation, the Warrantor may, in lieu of making payment to the Board of the amount due hereunder, cause the reclamation to be timely performed in accordance with all requirements of Lhe Act and all applicable rules and regulations. In such event, when and if the reclamation has been timely performed to the satisfaction of the Board of Division, this Financial warranty shall be released. If the reclamation shall not be so performed to the satisfaction of the Board or Division, this Financial Warranty shall remain in full force and effect. B 1351 REC 02303990 09/18/92 15 : 30 $0 . 00 4/007 F 1189 MARY ANN FEUERSTEIN CLERK & RECORDER WELD CO, CO This Financial Warranty shall be subject to forfeiture whenever the Board determines that any one or more of the following circumstances exist: 1. A revocation order has entered pursuant to Section 30 of USR-908 §24.81 of the Weld County Zoning Ordinance has been violated, and the corrective action proposed in such Order has not been completed, although ample time to have done so has elapsed; or 2. The Operator is in default under its Performance Warranty, and such tv default has not been cured, although written notice and ample time to cure such r-+ default has been given; or w 3. The Operator and/or the Warrantor has failed to maintain its Financial o r Warranty in good standing as required by the Act; or to 4. The Warrantor and/or the Operator no longerhas the financial ability to k n carry out its obligations in accordance with the Act. ro Z w z o The description of lands herein is for convenience of reference only, and no error � in such description, nor any revision of the permitted mining area, nor the 11/4O disturbance by the Operator or Applicants of lands outside of the permitted mining tTj o area shall alter or diminish the obligations of the Operator, Applicants and/or m o Warrantor hereunder, which shall extend to the reclamation of all such lands H ko disturbed. to H H zC0 If this Financial Warranty applies to National Forest System lands, and if the n' Financial Warranty is accepted by the United States Forest Service ("U,S,F',5."i as tzi the bond required under 38 C.F.R. 252.13, then the Operator, having requested that x the Board and the U.S.F,S. accept this single Financial Warranty in lieu of the separate bonds which would otherwise be required by applicable law, hereby agrees • o that, notwithstanding any other provision hereof, or of law, this Financial warranty tai shall remain in full force and effect until U.S.F.S. has advised the Board by written p notice that the Operator's obligations to (1,S,F.S., for which this Warranty is executed, have been satisfied and, until its release, has been approved by the tti• o Board. • o t o If this Financial Warranty applies to lands under the jurisdiction of the State Board C7 of Land Commissioners ("Land Board"), and if this Financial Warranty, in whole or in part, is accepted by the Land Board as the bond required under its applicable O u, law and procedures, then the Operator, having requested that the State accept this Financial Warranty in lieu of' Lhe separate bonds which would otherwise be required o by the Colorado Mined Land Reclamation Board or Division and by the Land Board, hereby agrees that, notwithstanding any other provision hereof, or of law, this Financial Warranty shall remain in full force .and effect until the Board is notified in writing by the Land Board that the Operator's obligations to the Land Board, for which this Warranty is executed, have been satisfied and, until its release, is approved by the Board. If all or any part of the Affected Lands are under the jurisdiction of the Bureau of Land Management, United States Department of the Interior (the "BLM"), and if, at the request of the Operator on this Financial Warranty, the ELM has, pursuant to 43 C.F,R. 3809.1-9, accepted this Financial Warranty in lieu of requiring a separate reclamation bond payable to the United States, then, notwithstanding any other provision of this Financial Warranty, or of law, the Operator and Warrantor hereby agree that this Financial Warranty shall not be released until the Board is advised in writing by the ELM that the Operator's obligations to the BUM, for which this Warranty is executed, have been satisfied and, until its release, is approved b the Board. C C NOTARIZATION OF OPERATOR'S ACKNOWLEDGEMENT STATE OF Colorado ) as. COUNTY OF Larimer The foregoing instrument was acknowledged before me this i ii 'uday of JULY , 1991 by RICHARD CONNELL as PRESIDENT •" • of CONNELL RESOURCES, INC •-. (I VA n` H ( cyve 4,1/tic 1. Notary Public 2 •', r My Commission expires: 04 JUN-94 5.4 n; Z z NOTARIZATION OF APPLICANT'S ACKNOWLEDGEMENT M tr le o STATE OF Colorado ) sa, 'Cr) c COUNTY OF Weld ) H Ht z te -The foregoing instr rmednL w s cknowledged before me this day or n , 1992, by Philip Yastrowan as applicants of N Laku Landing (operation) . x .. 7Jc Notary Public r D My Commission expires: mia C o 2 0 NOTARIZATION OF' WARRANTOR'S ACKNOWLEDGEMENT 0 C STATE OF colnradn I c] as. O m COUNTY OF Jefferson ) c 0 O -The foregoing instrument was acknowledged before me this 8th day of July , 1991 by Pamela J. Hansen as Attorney-in-Fact m' -SAFECO INSURANCE COMPANY OF AMERICA. "'No y P is M C My Commissicr Fxr.A 4 C;.rov.r{ ' ''�P'z y ommission expires: APPROVED: • • """ State of Colorado Mined Land Reclamation Division Mined Land Reclamation Board Date: Ry Division Director This Financial Warranty may be executed in multiple copies, each of which shall be treated as an original, but together they constitute only one agreement, the validity _and interpretation of which shall be governed by the laws of the State of Colorado. The provisions hereof shall bind and inure to the benefit of the parties hereto and -their successors and assigns. Signed and dated this 8th day of July , 1991 , SAFECO INSURANCE COMPANY OF AMERICA Warrantor TD B Y: l c ' —7 (4,4 f� R Pamela J. Hann Attorne7-a.h=Fact IAKU LANDING CONNELL RESOURCES, INC. Applicants Principal 11 BY: :,,,e ig BYa S '�^C .. .::.::...,� _ Randall Hocking 7 BY: !1ry i �2 .., 4rcie lY Philip- Y4strow B 1351 REC 02303990 09/18/92 15 :30 $0 . 0W0 7/CO?F 1192 MARY ANN FEUERSTEIN CLERK & RECORDER'WILD CO, CO • CONTINUATION SAFECO NSURANCE COMPANY OF AMERICA CERTIFICATE GENERAL NSURANCE COMPANY OF AMERICA SAFECO� FIRST NATIONAL INSURANCE COMPANY OF AMERICA HOME OFFICE: SAFECO PLAZA SEATTLE. WASHNGTON 98185 SAFECO INSURANCE COMPANY OF AMERICA Seattle, Washington, Surety upon a certain Bond No. 5698355 dated effective JULY 8, 1991 (MONTH-DAY-YEAR) on behalf of CONNELL RESOURCES, INC. (PRINCIPAL) and in favor of BOARD OF WELD COUNTY COMM I SS IONS (OBLIGEE) does hereby continue said bond in force for the further period beginning on JULY 8, 1992 (MONTH-DAY-YEAR) and ending on JULY 8, 1993 (MONTH-DAY-YEAR) Amount of bond FOURTEEN THOUSAND FIVE HUNDRED SEVEN Description of bond RECLAMAT ION BOND - LAKU LAND ING Premium: $181 .00 PROVIDED : That this continuation certificate does not create a new oblation and is executed upon the express condition and provision that the Surety's liability under said bond and this and all Continuation Certificates issued in connection therewith shall not be cumulative and that the said Surety's aggregate liability under said bond and this and all such Continuation Certificates on account of all defaults committed during the period (regardless of the number of years) said bond had been and shall be in force, shall not in any event exceed the amount of said bond as hereinbefore set forth. Signed and dated on 7/31/92 (MONTH-DAY-YEAR) Q��CE COMp9y GepPOHgTf�O.r -SAFECO INSURANCE COMPANY OF AMERICA SEAL By CQ/7 s9f 1953 oaD ATTORNEY/N—FA FOf toss# 0 Registered traaemark of SAFECO Corporation. S-1225/EP 3/90 PRINTED IN U.S.A. Of €3° 920738 l.� -t'OWER `. L . ECO INSURANCE COMPANY OF AMERICA • �'il OF ATTORNEY HOME TE SAFECO HIN PLAZA JJJ SEATTLE,,WASHINGTON 98185 SAFECO No. 1 501 KNOW ALL BY THESE PRESENTS: That SAFECO INSURANCE COMPANY OF AMERICA, a Washington corporation,does hereby appoint DON R. BROYLES; FRANK C. PENN; KATHRYN K. SHANKS; DILYNN GUERN; LISA MARTY; KEVIN P. LORENZ; PAMELA J. HANSEN; Lakewood, Colorado its true and lawful attorney(s)-in-fact, with full authority to execute on behalf of the company fidelity and surety bonds or undertakings and other documents of a similar character issued by the company in the course of its business, and to bind SAFECO INSURANCE COMPANY OF AMERICA thereby as fully as if such instruments had been duly executed by its regularly elected officers at its home office. IN WITNESS WHEREOF, SAFECO INSURANCE COMPANY OF AMERICA has executed and attested these presents this 14th day of May , 19 91 . CERTIFICATE Extract from the By-Laws of SAFECO INSURANCE COMPANY OF AMERICA: "Article V, Section 13. — FIDELITY AND SURETY BONDS . . . the President, any Vice President, the Secretary, and any Assistant Vice President appointed for that purpose by the officer in charge of surety operations,shall each have authority to appoint individuals as attorneys-in-fact or under other appropriate titles with authority to execute on behalf of the company fidelity and surety bonds and other documents of similar character issued by the company in the course of its business.. . On any instrument making or evidencing such appointment,the signatures may be affixed by facsimile. On any instrument conferring such authority or on any bond or undertaking of the company,the seal,or a facsimile thereof,may be impressed or affixed or in any other manner reproduced; provided, however, that the seal shall not be necessary to the validity of any such instrument or undertaking." Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA adopted July 28, 1970. "On any certificate executed by the Secretary or an assistant secretary of the Company setting out, (i) The provisions of Article V, Section 13 of the By-Laws, and (ii) A copy of the power-of-attorney appointment, executed pursuant thereto, and (iii) Certifying that said power-of-attorney appointment is in full force and effect, the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof." I, Boh A. Dickey, Secretary of SAFECO INSURANCE COMPANY OF AMERICA, do hereby certify that the foregoing extracts of the By-Laws and of a Resolution of the Board of Directors of this corporation,and of a Power of Attorney issued pursuant thereto, are true and correct,and that both the By-Laws,the Resolution and the Power of Attorney are still in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation this 8th day of July 19 91 5.1300 RS 3'86 PRINTED IN U S A i'OWER ret.O INSURANCE COMPANY OF AMERICA OF ATTORNEY GENERAL INSURANCE COMPANY OF AMERICA HOME OFFICE:SAFECO PLAZA SAFECO SEATTLE,WASHINGTON 98185 8001 No. KNOW ALL BY THESE PRESENTS: That SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA,each a Washington corporation, does each hereby appoint INGRID NYE its true and lawful attorneylsi-in-f act, with full authority to execute on its behalf fidelity and surety bonds or undertakings and other documents of a similar character issued in the course of its business,and to bind the respective company thereby. IN WITNESS WHEREOF,SAFECO INSURANCE COMPANY OF AMERICA and GENERAL INSURANCE COMPANY OF AMERICA have each executed and attested these presents this 29th day of June 87 19 CERTIFICATE Extract from the By-Laws of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA: "Article V, Section 13. — FIDELITY AND SURETY BONDS the President, any Vice President. the Secretary, and any Assistant Vice President appointed for that purpose by the officer in charge of surety operations,shall each have authority to appoint individuals as attorneys-in-fact or under other appropriate titles with authority to execute on behalf of the company fidelity and surety bonds and other documents of similar character issued by the company in the course of its business. . . On any instrument making or evidencing such appointment,the signatures may be affixed by facsimile. On any instrument conferring such authority or on any bond or undertaking of the company,the seal,or a facsimile thereof, may be impressed or affixed or in any other manner reproduced; provided, however, that the seal shall not be necessary to the validity of any such instrument or undertaking." Extract from a Resolution of the Board of Directors of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA adopted July 28, 1970. "On any certificate executed by the Secretary or an assistant secretary of the Company setting out, (i) The provisions of Article V, Section 13 of the By-Laws, and (ii) A copy of the power-of-attorney appointment, executed pursuant thereto, and (iii) Certifying that said power-of-attorney appointment is in full force and effect, the signature of the certifying officer may be by facsimile, and the seal of the Company may be a facsimile thereof.- I, Boh A. Dickey, Secretary of SAFECO INSURANCE COMPANY OF AMERICA and of GENERAL INSURANCE COMPANY OF AMERICA,do hereby certify that the foregoing extracts of the By-Laws and of a Resolution of the Board of Directors of these corporations,and of a Power of Attorney issued pursuant thereto,are true and correct,and that both the By-Laws, the Resolution and the Power of Attorney are still in full force and effect. IN WITNESS WHEREOF, I have hereunto set my hand and affixed the facsimile seal of said corporation this 31-st day of July 19 92 • S-974 RIO 3/86 -PRINTED IN U S A Hello