HomeMy Public PortalAbout07-20-1959 ' 7:6;
MINUTES OF THE MEETING OF COMMON COUNCIL
OF THE CITY OF RICHMOND, INDIANA, SERVING
AS A COMMITTEE IN CHARGE OF THE OPERATION
OF THE MUNICIPAL ELECTRIC LIGHTING & POWER
PLANT.
MONDAY, JULY 20, 1959
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THE REGULAR SESSION CALLED TO ORDER AT 7:00 AM IN CITY HALL (COUNCIL I
CHAMBERS WITH .COUNCILMAN CRUM PRESIDING, COUNCIL-MEN- EASTMAND . AND I
VIVIAN ABSENT. THE FOLLOWING BUSINESS WAS HAD, TO—WIT;
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COUNCILMAN MARINO MOVED THE READING OF THE MINUTES OF THE PREVIOUS
MEETING BE DISPENSED WITH . SECONDED BY COUNCILMAN SALZARULO.UNANIMOUS
VOICE VOTE0 ' I
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COUNCILMAN THOMAS MOVED THAT BILLS IN THE AMOUNT OF $289,955005 BE
c ALLOWED AND PAID. SECONDED_'BY COUNCILMAN _MARI.NO.UNANIMOUS VOICE _ VOTE.
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MR. BECK REPORTED THAT HE HAD CHECKED THE BlEtOFITHE , GOULD NATIONAL.
BA•TTERY , INC. , AND ' FOUND THAT THEIR BID MET ALL SPECIFICATIONS, HE
SAID HE HAD CHECKED OTHER USERS OF THE SAME TYPE BATTERY_ AND HADIBEEN.
INFORMED THE BATTERIES WERE ALL RIGHT. MR, BECK THEN RECOMMENDED THAT
GOULD - NATIONAL BATTERY , INC. , BE! AWARDED THE BID AT THE NET PRICE OF .
$3,031 .29. COUNCILWOMEN HOSKINS SO MOVED. SECONDED BY COUNCILMAN I
WALTERMAN. UNANIMOUS ' DOICE VOTE, I J T
- - MR, BECK SAID HE HAD BEEN OFFERED THE CHANCE TO EXCHANGE 3450,000
WORTH OF U. S:TRE-ASURY CERTIFICATES MATUR.ING ' AUGUST 1 , 19599 FOR THE, _
SAME AMOUNT OF' CERTIFICATES MATURING INAUGUST, 196O. HE SAID BY
MAKING THIS EXCHANGE, AN INCREASE OF 3% IN INTEREST RATES COULD , BE
REALIZED AND RECOMMENDED THE TRANSACTION, COUNCILMAN MARINO MOVED
• THAT MR. BECK PROCEED WITH THE SAID EXCHANGE. SECONDED BY CO UNC I L..- ,
WOMAN HOSKINS. UNANIMOUS VOICE VOTE. ' .
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REFERRING TO THE BILLINGS! FOR JUNE , MR. BECK SAID LARGE POWER BILLING
FOR THAT MONTH HAD REACHED AN ALL TIME' HIGH FOR THE LIGHT PLANT.
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MR, BECK REPORTED THAT THE FOUNDATIONS WERE BEING INSTALLED FOR THE
° T INTER—CONNECTION SUBSTATION AND THAT JUDGING FROMITHE AMOUNT OF S_ EL
ON HAND FOR THE JOB , THE STEEL STRIKE SHOULD NOT SLOW CONSTRUCTION,
INCLUDED IN THE BIF&S WERE THE FOLLOWING TRANSFERS; I
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S28,780.63- - CASH OPERATING FUND TO UTILITY BOND FUND ,CASH ,
32.6,6961.-98 — CASH OPERATING FUND TO CASH RESERVE FUND
336,000.O0 m CASH OPERATING 'FUND TO DEPRECIATION RESERVE FUND, CASH
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THERE BEING NO FURTHER BUSINESS, THE MEETING ADJOURNED.
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