HomeMy Public PortalAbout01-21-1963 58
MINUTES OF THE MEETING OF THE RICHMOND
COMMON COUNCIL SERVING AS A COMMITTEE
IN';GHARGE OF THE Operation OF THE RICHMOND
POWER AND LIGHT.
JANUARY 21. 1963
II Regular session was called to order by Chairman Marino,,,at 7:00 PM,
in the Council Chambers in City Hall: All members present - The
'following business was had to wit:
Councilman J. Hoskins moved that the reading of the minutes of the •
previous meeting be dispensed with, seconded by Councilman Youngf-
lesh, unanimous voice vote.
Councilman. Yount moved that the following bills be allowed and paid:
Bills inLthe amount of: $133,360.71
Interest & Liquidation of 1953 Revenue Bonds-137,142.50
motion seconded by Councilman Youngflesh, 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 26,509.03
Cash Reserve Fund 49,631.97
General Manager Beck reviewed the Light Plant's 1962 Annual Report..
The report revealed an increase in generation and revenue over the
year of 1961.
There being no further business, Councilman Yount moved that the meet-
ing be adjourned, seconded by Councilman Johnson; unanimous voiceInte.
Chairman
Attest :
Clerk