HomeMy Public PortalAbout1495-1953 - Appropriating $2,212,500.00 From Power Plant To Various Accounts of the PlantORDINANCE NO. 1495-1953
APPROPRI,,_TING THE SUM OF TWO VIILLION TWELVE
HUNDRED DOLLI.RS (")2,212,500.00) OUT OF THE
MUNICIPAL ELECTRIC LIGHTING AND POWER PLANT
F RICHMOND, INDIA.N1-i, TO llji 3- IOUS hCCOUNTS OF
HE SUM OF ONE HUNDRED EIGHT -FIVE THOUSAND
DOLLARS (.`185,500.00) OUT OF THE FUNDS OF
ELECTRIC LIGHTING t.ND PO BIER PLANT OF THE
OND, INDIANA, TO THE INTEREST ON REVENUE
M OF TWO HUNDRED T HOUS.AND DOLLARS (ti�200 )000.00 )
NDS OF THE MUNICIPAL ELEC"IRIC LIGHTING AND
F THE CITY OF RICNMOND, INDIANA, TO `THE PRIN-
CIPAL ON REVENUE BONDS: THE SUM OF FIVE MILLION SEVEN HUN-
DRED FIFTY THOUSAND DOLLARS ('5,750,000.00) OUT OF BOND
SALE FUND OF THE MUNICIPAL ELECTRIC LIGHTING tiND POWER
PLANT OF "THE CITY OF RICHMOND) INDIANA) TO NEW GENEFLi`i'ING
STATION FUND, ALL FOR THE FISCAL YEAR CO141,E°VCING JANUARY 1,
1954 AND ENDING DECEMBER 31, 1954, INCLUSIVE.
SECTION I. BE IT ORDAINED BY THE COMMON COUNCIL OF
TIE CITY OF. RICHIIOND) WAYNE COUNTY, INDIANA-, that for the
year beginning January 1, 1954, and ending December 31,
1954, inclusive, the sum of Two Hillion Two Hundred Twelve
Thousand Five Hundred Dollars (g212 12,500.00) be, and the
same is hereby appropriated out of the funds of the Munic-
ipal Electric Lighting -and PorTer Plant of the City of
Richmond, Indiana, and is hereby set apart for various
items of expenditures as follows, to -wit:
OPE R1,TI ONS
No. 1.
Steam Power Generation
4265,000.00
2.
Transmission & Distribution
110,000.00
3.
Consumption
20, 000.00
4.
Commercial
65,000.00
5.
Undistributed
35,000.00
6.
General
160,000.00
7. ,
Depreciation Reserve
8, 000.00
8.
Taxes (Gross Income)
37,500.00
9.
Civil City Expense
49000.00
10.
Miscellaneous Interest
500.00
11.
Interconnection.
85,000.00
12.
Stock Accounts -Fuel
8703000.00
13.
Stock Accounts-Mdse..
165,000.00
CONSTRUCTION
14-1. Meters 20,000.00
14-2. Transformers 50,000.00
14-3. Short Extensions 60.1000.00
14-4. Sundry Equipment 50,000';00
_1:4'=_5. Underground Equipment 60, 000.00
14-10. Non -Operating Payroll 17,500.00
14-23. Street Lighting- 30,000.00
14-26. Plant Rehabilitation 100,000.00
Total $2,212,500.00
SECTION II. BE IT FURTHER ORDAINED, that the sum of
One Hundred Eighty-five Thousand.Five Hundred Dollars
("185,500.00), be, and the same is hereby a-opropriated out
of the funds of the Municipal Electric Lighting and Power
Plant of the City of Hichmond, Indiana, for the same period
as above set -out, to the interest on the Revenue Bonds.
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