HomeMy Public PortalAbout1495-1953 - Appropriating $2,212,500.00 From Power Plant To Various Accounts of the Plant (2)ORDINANCE 'NO-; -149
AN OHDNAN"CE: 1�PP1�i0PI3Ir l ING '�'rTE ' SUM OF: TWO MIL LION'' TWELVE
1HOU&�ND FI',lE HUNDE3ED DOLLi.RS; 212. 500 o.00) OUT _. OF." -_TIC
FUNDS OF :THE TNN.ICIAL ELEC'1RTC:.LI,GHTIN�T�.ND ER .PLANT
OF. -THE: CITY.' OF., RICHMOND; �INDIANk TO -VARIOUS ACCOUNI,S:,OF
SAID ' PL1 N� THE: SUM .-OF ONE HUNDRED EIGHT -FIVE. THOU,SAND .'
FIVE HUNDRED.>DOLtA RS (. 185, 500.00) OUT OF THE FUNDS :OF,,
THE,' MUNICIPAL ELEC`1'RIC': LIGHT_IiVG -ANO 'POWER .'PT�11N1'..-:0'F -' HE
CITY OF. RICHMOND•;:° INDIANI? , TO THE INTERE ST:. ON': ,RE1TENUE
BONDS: THE SUM OF TWO HUNDRED. -"THOUSAND DOL LtLRS`�-00,'000.a 00) -
OUT OF. 1HE,`'FUNDS..O_THE 'I~NNICIPAL ELECTRIC"1IGHTING',AND
POb1ER i LA1 OF -THE- . :.CITY- OF RICHMOND, �INDIbN� :" �� o: r-1HE PRIN
CIPAL ON RFV-ENUE BONDS: THESUM OF r°IVE.:MILLION ;EVEN :HUN-
DRED FIFTY THOUSAND DOLLS RS :-(45..75,0 s 000 ; 00) : OUT 'OF . BQND
SALE FUND OF 'iHE :,MUNICIPAL ELEC i'_RIC LIGHTING AND. PoWtR
PLANT OF''.l.HE .Cz`1'Y OF ;RICHMOND,., IND'IAN.2�; TO- NFW GENERATING. STATION FUND; ALL' FOR THE FTSCAI, 'YEAR COPII"ItNCIN.. J. NUARY :1,
195 AND, ENDING'.11ECEI`7BEA 3.1�' '.-1954,,.'.INCLUSIVE.
SECTION I. BE 'IT ORDliINE'D ..BY THE: COMMON-. COUNCIL OF
THE CITY- OF, RICHI OND; -WAY_NE- COUNTY, _,.INDIANk- . that- for the .
year beginning January' h, ' 1954g' and: 'ending:' December '31,
1954, inclusive,: ahe'.`bum of. Two .I`I ion-.-Twd Hundred Twelve
Thousarid..Five - "Hundred- D611E r�s, ( 2, 2,12, 5001'60) ..be, ' and -'the
same- i.s her.eby apDrooriate'd" out,.of,,,the, funds: o=' the V_unic_
ipal Electric . Light.ing. anal , Po:�rer' -Plant. of •. the .0 �.ty:.of
Richmoi-id:;.. `' mdi.ana, . and i s 'he reby � 'set' apart..f or ' various,
items of _ex.penditLire`s :a's: :follows;
OPE R1'xl I ONS
•..No: .'h..-Steam Pourer Qenerat1on $265'9; .
20:Transmissaon: .Distr.ibution. I10;000;00
:; '.
3. `Consumption 20, 000.00
4 m . Cominere.ial 65, 00.0, 00
5 Undistributed 35,000®00.
6. 'Gene ra1 ... &0., 0.00.00
7 0 _Dep ®ci�ti on Reserrye - 8, 000 ®Od
8® Taxes '(Gros Income) 37�500000
.9.0 ..C$yl" City Expense 4'000..00._.
I& :Miscellaneous . Interest' .•:._ 500 n.00
11 .Int.erconriec:ti'on. 85', 000 p 00:
12,'"Stock Account"s �'ue 870;000.00
13.. Stock kccounts-:Mdse.,. 165,,000;0.0
.. CONSi''RUCT ION : �.: " .. • - ,.
20000.40.
14-2e::T4 nsforr�ers : 50,000,00:'..
14-3.." Short Extensions 6`0•, 000.00
14-4:0: SUnc�x°y' Equipment 50�00:000_
:_.14=-5 :Underground: Equipment 60,.00.0 m00
14--10, Non�Ope.r' at1Tig-Payroll :17i500;0.0.
14723. Street 'Light'in':` 0., 000 a 00 =
14�2b, Plarit 'Re;h bi'1'itation.. , 100,000 ®00
'Total- 2' 212,5.0000
SECTION Ih. BE` IT FURTHEROFiDhINEO, 'that' the. 'sum of .
One' ' Hundred - Eighty.. -five `"Thousan.d-,,Fi;v'e Hundred Dollars
(w185,,500�00) , •be, and the same :is hereby appropriated out
of_ .the funds `of . the . Muhic ipal 'Electric Lighting and' Power. '
Plant ,a.f. the `City.of ��ichmond, Indiana•, :for the same period
as:: above' set-0 t:, _ to t}id interest on.. t, ie -Revenue Bonds a.:.;
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SEC`2ION III: BE .hh .FURTHER .ORDAINED, _. that the .sum... .:
of .Two hundred Thousand, Dollars (�200 , 0.00 ,'00 ): be, and the
same is hereby a-ppropriated 'out -of the. funds, of, -the Munic-
ipal' Electric Lighting and Power. Plant ,: of the City . of:.
Richmond, Indiana'for- the same neriad- as, avoTr.e. set -out, to..
the Principal. on..ReVenue Dondp.
SECTION. IV -'BE I`T' YURTTHER ORDAINED, "that - the :sum of,
Five rlillion. --SevenHundred Fifty Thousand Dollars
'($5, 750,_009'e 00) be, :and the "same, i.s hereby . appropriated out
of the - Bond..: Sale ' Fund., f.or the same period as," above set -out.,
to the NeUi' .Generating ..Stti:on .
Ir. SECTION-V.. ".:This Ord.iriance "sha'i be in full force and.
and effect_ from and after its passage by. the. . -Common' Council
of. the 'City -of aiclri6o?id, 'Ind iana,.; signature of t:he.. $resid:ent
of Co1ulc.ii+ .and :,approval by the.' Ilayor "of the City of Richmond; '
Tr_diana m ;
PASSED BY. THE* COM1,TON' ,COUYCIE this ' �_ day of
195 3
11r), ident
Attests
(.i.ty �r
PRE, ED by.:me, AtYier J;'. -Aeeg, .. City. Cler r.- .:o ...
f•es'ter . E Mea..dows , �hyor,, :.this � Z- . day of ,
19.53,: '� �:.�: fT•''I,,- o'clock:
City: Cle
hPPROVED by me., -Lester E. Meadows, 1',di or of t.Ya® ity
of Y'ichmon�India _�;. 'this. day of`
1:953,. -o'clock.,
Mayor .
ATTEST:.
BEST:
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