HomeMy Public PortalAbout09-18-1961 24
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MINUTES OF THE MEETING OF COMMON COUNCIL SERVING
AS A COMMITTFF -IN CHARGE OF THE OPERATION OF THE
RICHMOND POWER AND LIGHT.
September 18. 1961
Regular session was called to order by Chariman Marino at 7:00 P. M.
in the Couhcil Chambers in City Hall - Councilwoman C. Hoskins absent -
The following business was had to wit:
Councilman Johnson moved that the reading of the minutes of the previous
Meeting be dispensed with, seconded by Councilman Yount, unanimous voice
vote.
Councilman Smithmeyer moved that the bills in the abount of --$64,188.37
Plus Interest on Revenue Bonds 498.75
Plus Investment and accrued Int. -Deprec. Reserve Fund J,901,839.14
Plus the following transfers from Cash Operating Fund:
To Utility Bond Fund 27,401.12
To Depreciation Reserve Fund 36,000.00
To Cash Reserve Fund 45,345.93
be allowed and paid, seconded by Councilman Johnson, unanimous voice vote.
General Manager Beck reported on the new fuel clause in the Interconnection
agreement, between the Indiana & Michigan Electric Company and the City of
Richmond, that went into effect •September 1, 1961. Mr. Beck said -that there
would be no increase in cost to the City.
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Chairman Marino called a special meeting September 25, 1961, at 8:00 P. M.
to decide the possibility of the City instituting legal proceedings to
collect damages against Electrical Companies for "Bid-Rigging".
There being no further business, the meeting adjourned.
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Frank Marino, Chairman
Attest•
Glenn J. apman, Cler. -