04-26-1938 HUCM49
SPECIAL MEETING
April 26, 1938
Upon notice duly given 'by the President a special
meeting of the Light & Power ommission was held in the
office of the Superintendent in the Plant building at the
hour of 5:00 P . M.
All members were present. R. W. Strohmeier, Super-
intendent was also present.
Commissioner Dahl moved that in connection with the
bids heretofore called for by said Commission for the
purpose of purchasing and installing a fourth engine unit,
be amended, by adding thereto "Adenda No. Two" as more fully
appears .from Exhibit 110, which is on file with the Secretary
of said Commission and made a part hereof by reference, and
notice of such amendment given to prospective bidders by
the Buell & Winter Engineering Company so as to call for
bidding an a cash transaction basis in addition to the
form already authorized, and that persons and parties
interested be given an opportunity to submit bids for the
purchasin€c, of said pledge orders on the date set for the
opening of the bids on the purchase of the engine unit itself
and that said pledge orders shall be in substantially the
same form as the sample pledge order appearing; in the plans
and specifications prepared by Buell &.Winter Engineering
Company in connection with the calling for bids on said
fourth engine unit and that said pledge orders shall be in
denominations of $1.,000 each and that of the pledge orders
so to be issued $59,000 thereof shall mature on a monthly
basis and bear interest not to exceed 5% payable semi - annually
and that approximately ,31,000 thereof shall be due and payable
with interest not to exceed 5% per annum, payable semi - annually
five ,years from date; provided, however, that all or any
part of said pledge'orders whall be callable upon giving 30
days written notice thereof to the purchaser or purchasing
agents. That said pledge orders shall be issued in seasonable
time so as to provide the cash means with which to pay for
said engine unit at completion of installation and approval
of the purchase and installation.
Commissioner Thompson seconded the motion, President
Sheppard thereupon delcared the motion duly adopted.
There being no further business the meeting adjourned.
ecre
Attest; I
resident