HomeMy Public PortalAbout05-05-1952 61
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, MAY 5, 1952.
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, May 5, 1952, at the hour of 8:00 o ° clock
P.M. ( CST) . Councilman Eastman presiding with the following members
being present: Messrs. Alkire; Baldwin, Kettelforder,- Law, Marino,
II Salzaruio, Tracy and Youngflesh. The following business was had, - to-wit:
On motion duly made, seconded and carried, the minutes of the previous
meeting were dispensed with. .
Mr. Don Bell gave the following report- on liability insurance for the
Light Plant:
May 5, 1952.
0. Municipal Electric Lighting & Power Plant
32 South 8th Street
Richmond, Indiana
Cs.:t.
Re: Blanket Liability Insurance Quotations
ttt
Gentlemen:
We are pleased to quote as follows:
Bodily Injury, Limits $100,000 each person
475, 000 each occurence
4
Property Damage, Limits 25 , 000 each accident
100, 000 aggregate
IIQuotations based on an estimated revenue income of . 2,500,000 and
the rate is per 01000. 00 of receipts:
$ 1, 000 Deductible $1. 653 per $1000 , 4,132.50
2,50.0 11 1.548 u " 3,870. 00
5,000 !I 1. 40 " t1 3,500.00
Yours very truly,
DHB/h.g DON BELL, INC.
Councilman Marino moved that General Manager be authorized to appear be-
fore the Board of Works to secure the Blanket Liability Insurance as
above set out, with the exception that the property damage limits be
raised to $50, 000. 00 each accident and the .00, 000. 00 be raised to
$500,000.00. On voice vote the motion was carried.
The committee allowed the claims in the amount of S50, 950. 19.
There being no further business presented, on motion duly made, seconded
and carried, the meeting adjourned.
IIChairman
Attest:
City C rk