HomeMy Public PortalAbout01-18-1960 294
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MINUTES OF THE MEETING OF THE COMMON COUNCIL OF THE CITY
OF RICHMOND, INDIANA, SERVING AS A COMMITTEE IN CHARGE
OF THE OPERATION OF THE MUNICIPAL ELECTRIC LIGHTING AND •
POWER PLANT.
January 18, 1960
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Regular. session was called to order by Councilman J. Hoskins at 7:00 PM in the
Council Chambers, in 6ity Hall, all members present, The following business was
had To- Wit.
Councilman Smithmeyer moved the minutes of the previous meeting be approved as
read, seconded by Councilman Marino. Unanimous voice vote.
Councilman Marino moved that the bills in the amount' of $619,237.56 be allowed
and paid, seconded by Councilman Johnson. Unanimous voice vote.
The following transfers were made from Cash Operating Fund: •
$28,524.38 to Utility Bond Fund Cash
$45,770.24 to Cash Reserve Fund
$36,000.00 to Depreciation Reserve Fund
Mr. Beck explained to the new members of the Board the reason for making these
transfers. •
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Mr. Beck submitted the annual income report for the MEL & PP for 1959, which
showed a net income of $834,209.33, an increase of approx. 10% over 1958. Mr.
Beck explained the distribution of the net income.
MR. Beck announced that the annual meeting of the Committee of 100 would be held
at Earlham Hall February 2, 1960, and invited members of Council to attend as his
• guests.
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N . Beck turned over to Chairman J. Hoskins for study by the Directors an
invitation to submit a• bid for the possible installation of a reactor here,
for the generation of steam, the Atomic Energy Commission. Ill
Mr. Beck told the Councilman that they would be asked for street lights in
their districts in the near future and explained the procedure to have them installed.
,Chairman Hoskins Said he would appoint a committee to refer petitions for street •
lights to.
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Councilman Youngflesh moved to authorize Mr. Beck to purchase street light
fixtures and poles for installation on Main between 6th & 8th and the lights
being the same as those in use between 8th and 10th Street on Main, seconded by
Councilman Smithmeyer. Unanimous voice vote. c-
Mr. Beck reported the Interconnection Substation Bill had been checked by •
outside engineers, found to be correct and OK for payment.
There being no further business, on motion duly made, seconded and- carried, •
the meeting was adjourned.
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Chairman
Attest: ./L.A.AA- 1---al../6-4LI-A
City C rk •