HomeMy WebLinkAbout780739.tiff RESOLUTION
RE: ADOPTION OF AMENDED CLAUSE 9 OF THE WELD COUNTY OIL AND GAS
LEASE.
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 , the Board of County Commissioners of Weld County,
Colorado, has adopted an Oil and Gas Lease form for all Weld County
Oil and Gas Lease leases, and
WHEREAS, it has come to the attention of the Board that the
current provisions of the clause 9 of said Weld County Oil and Gas
Lease, relating to assignment of rights under said leases, is un-
satisfactory, and
WHEREAS, the Board finds that it is in the best interest of
Weld County to amend the language of said clause 9 to require
notice of any assignment of rights under the Weld County Oil and
Gas Lease to the County and to make certain other changes in the
interest of Weld County.
NOW, THEREFORE, BE IT RESOLVED by the Board of County Com-
missioners of Weld County, Colorado, that the following language
is adopted as clause 9 of the Weld County Oil and Gas Lease and
replaces language previously approved by the Board:
"9. The rights of either party hereunder may be assigned, in
whole or in part, and the provisions het.eof shall extend to the
heirs, successors and assigns of the parties hereto, but no such
assignment shall be effective or binding until written notice of
the assignment is submitted by the assigning party to the other
party. Upon the receipt of such notice by Lessor, Lessee shall
be relieved of all obligations with resp rt to the assigned por-
tion or portions arising subsequent to the date of assignment.
No change in the ownership of the land or any interest therein,
shall be binding on Lessee until Lessee shall be furnished with
evidence of any transfer, inheritance or sale of said rights.
In the event of the assignment of this lease as to a segregated
portion of said land, the rentals payable hereunder shall be
apportionable among the several leasehold owners ratable
according to the surface area of each, and default in rental pay-
ment by one shall not affect the rights of other leasehold owners
hereunder."
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The above and foregoing Resolution was, on motion duly made
and seconded, adopted by the following vote on the 24th day of
April, A.D. , 1978 .
BOARD OF COUNTY COMMISSIONERS
WELD COUNTY, COLORADO
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ATTEST:
Weld County Clerk and Recorder
and Clerk to the Boar
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APPROX D AS TO FORM:
Date Presented: April 26 , 1978
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