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J <br />Jcz� 5 <br />SETTLEMENT_ AGREEMENT, <br />G°NERAL RELEASE OF ALL C:.A:N,S A27D ASSIGNMENT <br />• inl$ T• s._aettlerent Agreement, General Release rf All Claims and <br />��� it enterer. into <br />Assignment (hereinafter "Settlement Agreea.e,: ) <br />TEE CITY Di MOUSDS V4�W, MINNESOTA (hereafter "the <br />between WILLIAMS <br />Claimant"), and WIIr,IpvS ?IPE LINE CONS ANY, The <br />COMPANIES, INC. and certain Underwriters at Lloyds, London and <br />insurance companies signatory to Certificate No. EV85001_00; and <br />STONEWALL UNDER4PR:TERS, L'*D., uncer Certificate No. 58003135; and <br />the <br />ihareafter collectively <br />he attorneys for the fcregoing e <br />"Releasees";. <br />RECITALS <br />A WgoREAS, cn July 8, 1986' an explosion. and f:re occurred <br />nds Vicw, Minnescta; and <br />in the City Of Mou <br />B. WHEREAS, the Claimants have asserted a right to :ecovez <br />damages claimed to have resulted from the July 8, 1986 explcsion <br />and fire from Releasees and the Releasees have denied that they <br />are liable for any damages claimed by the Claimants; and <br />C. 4)EEREAS, the Claimants have asserted claims against <br />Williams pipe Line Company in two l actions entitled <br />"Williams Pipe Lino Company, Plaintiff, v. The City of Mounds <br />View, Minnesota, et al., Defendants", United States District <br />court for the District of Minnesota, rourth Division., COJrt File <br />No. 4-86-648 and "The City of Mounds View, Minnesota, Plaintiff, <br />V. Williams pipe Line Company, Defendant", United States District <br />Minnesota, Fourth Division, Court File <br />Court for the District of40 <br />No. 4-86-656. <br />