HomeMy Public PortalAbout10-19-1953 116
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.
MONDAY, OCTOBER 19, 1953.
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, met in regular session in the Council
Chambers in the City Hall in said City, Monday, October 19, 1953,
at the hour of 7: 00 o' clock P.M. (CST) , . Councilman Eastman pre- '
siding with the following members being present: Messrs. Alkire,
Baldwin, Kettelforder, Law, Marino, Tracy and Youngflesh. Council-
man Salzarulo being absent. The following proceedings were had,
to-wit:
On motion duly made, seconded and unanimously carried, the minutes
of the previous meeting were dispensed with.
Mr. Beck advised the committee that sealed bids would be received
November 16, 1953, for Single Circuit Street Transmission Towers
or Double Circuit Steel Transmission Towers for the Light Plant
expansion program.
Councilman Youngflesh moved that the Lamp Contract be awarded to
the Richmond Electric Company for a period of two years, seconded
by Councilman Alkire and on voice vote the motion was unanimously
carried.
Councilman Tracy moved that the General Manager be authorized to
investigate investment of 8600, 000. 00 of the Depreciation Reserve
Fund Cash into United States Government Bonds, seconded by Council-
man Marino and on voice vote the motion was unanimously carried.
•The claims in the amount of 0338, 382. 32 were allowed. Of this
amount the following transfers were made: The sum of
20, 396. 23 from Cash Operating Fund to Depreciation Fund Cash
25, 000.00 from Cash Operating Fund to Cash Reserve Fund
875,000. 00 from Sinking Fund to Cash Operating Fund
'5L, 956. 16 from Cash Operating Fund to Utility Bond Fund
Operating.
There being no further business presented on motion duly made,
seconded and carried, the meeting adjourned.
COUNCILMEN ALKIRE AND KETTELFORDER ON THE CLAIMS FOR NOVEMBER 1953.
Chairman
Attest:
! " City C rk