77-3-313. Bond requirements. The board may also demand a surety company bond in a form and in an amount as it may determine, conditioned for the payment of all royalties due the state and for the carrying on of the mining operations according to the terms of the lease. However, a lessee may, in lieu of furnishing a surety company bond, increase the cash deposit provided for under this part in an amount that in the judgment of the board makes the furnishing of a bond unnecessary.
History: En. Sec. 42, Ch. 60, L. 1927; re-en. Sec. 1805.42, R.C.M. 1935; R.C.M. 1947, 81-505; amd. Sec. 3, Ch. 332, L. 2011.
Structure Montana Code Annotated
Chapter 3. Rock, Mineral, Coal, Oil, and Gas Resources
77-3-301. Coal leases authorized
77-3-302. Lands subject to coal leasing
77-3-303. Rules relating to coal leasing
77-3-304. Protection of rights of purchasers or prior lessees
77-3-305. Limitations on leasing
77-3-306. Conditions on manner of mining
77-3-307. Improvements of former lessee
77-3-308. Limitation on public inspection rights
77-3-309. and 77-3-310 reserved
77-3-316. Rental and royalty terms
77-3-317. Report and payment of royalty
77-3-318. Disposition of royalties and other receipts
77-3-319. and 77-3-320 reserved
77-3-322. Obligation to pay royalties under coal lease contract -- interest