HomeMy Public PortalAbout09-16-1963 MINUX ,S .GE. .THE MEETING OF THE .RICHMOND
COMMON COUNCIL SERVING AS A COMMITTEE
IN CHARGE OF THE OPERATION OF THE RICHMOND
POWER AND LIGHT
SEPTEMBER 16, 1963
Regular session was called to order at 7:00 PM by Chairman Marino
in the Council Chambers in City Hall - Councilmen Johnson end J.
IIHoskins and Council Woman C. Hoskins were absent- The following
business was had to- wit :
Councilman Yount moved that the reading of the minutes of the previous
meeting be dispensed with, seconded by Council Corsi, Unanimous voice
vote.
Councilman Corsi moved to allow and pay bills in the amount of -$89,043.38
and Interest on 1953 Revenue-Bonds 787,50
seconded Councilman Lawler, unanimous voice vote.
THE• BOARD OF DIRECTORS APPROVED THE FOLLOWING TRANSFERS FROM "CASH
OPERATING FUND" to
Depreciation Reserve Fund ---- $36,000.00
Utility Bond Fund 26,241.04
Cash Reserve Fund 64,187.53
Councilman Yount moved to concur with General Manager Beck's recommendation
to purchase a 1963 Chevrolet Biscayne, 6 Cyl. 2-door sedan as bid by the Kurd
Chevrolet for the net price of $1688.91 and 1957 Chev. 2 door trade-in ,
seconded by Councilman Youngflesh, unanimous voice vote.
Councilman Youngflesh moved to concur with the recommendation of General
Manager Beck to accept the bid of Dea Meadows Ford for a new 1963 Falcon
II101 HP-net price of $1774.86 and 1953 Chev. 4-door trade-in seconded by
Councilman Lawler, unanimous voice vote.
Councilman Corsi moved that the Board approve the investment of $125,000.00
from Cash Reserve Fund in US Treasury Bills- maturing July 15, 1964 and
yielding 3.5%. seconded by Councilman Henn , unanimous voice vote.
There being no further business the meeting adjourned :
Frank Marino
Chairman
ATTEST: G. J. Chapman
Clerk -