HomeMy Public PortalAbout1512-1954 - Authorizing the Investment of $200,000.00 of the Depreciation Reserve Fund of the Light Plant for Savings BondsORDINANCE /S/ _ 1954 • . :.. ;...
AN ORDINANCE AUTHORIZING_ THE INVESTMENT OF: '$200,000•.00 .
.
-OF'--THE DEPRECIATION `R-Z RVE:.FUND CASH OF. THE MUNICIPAL
ELECTRIC . LIGHTING AND POWER - PLANT ' OF_ THE, CITY .QF . RICH- -
MOND:. IN ' OBLIGATIONS OF . THE_UNITED S,TATES.,`GOVERNMENT.
Se'etlon 1.' . -BE IT ORDAINED by .the Commori`Council
of the ;City .of. Richmond, Ind.iana;' that Two'I3undred: Thou- ^
sand Dollars . ($200,`000:00) .of the ;Depreciation Reserve
Fund Cash of::_the' Municipal ' Electric Lighting 'arid Power. ;
- . Plant of said. City be inves.ted., in .Seriea . J,,...or -:Series K,
`
United States Savings _9onds,':,,-as provided -by law.'-.-'.-. ;
.
_ Sedtl ^ n , 2 ...,.:BE IT FURTHER ORDAINED that .the'
is ..-,.. . , -
.
Controller,; of, said", City be and he : is _ Yiereby authorized
and .directed to:invest -the_ sum of Two ;Hundred Thousand_'
Dollars.-.
ollar's. ($200;OOQ.00.)-' of the Depreciation Reserve Fund -
Cash of=the Municipal Electric Lighting. and"Power_Plant
,in: Series J, or_,Series. K,,',United States .Savings- Bond s,:, as
by law provided.
,Section 3`: `THIS-ORDINANCE.shall 'be in' full
force , -and'effect'. from and after -its passage, ' and . appr'oval.
by,the..Mayor...
PASSED AND ADOPTED. by the, .Common., Council, of the
i
City. of Richmond; Indiana, th s-; day .of
1954 . = ��
e i en
ATTEST-::
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PRESENTED to `Lester ' E . Me lows, . May o the
Cityy- of Richmond, . -Indiana; this : day 'of, ,
195�+, o !.eloc M..
f
at .
APPROVED by -me, Lester E. adows, May r.o the Cit�r; of .
Aichmond,: Indiana, this, day. o , 195�+, at - _
.` -o'clo M.
/lJ
ATTEST ; or
y er ,