05-31-1957 HUCM102
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(397) SPECIAL MEETING
May 31, 1957
A special meeting of the Hutchinson Utilities Commission was
held on the aforesaid date at the office of Dr. R• I. Sheppard.
All Commissioners were present.
President R. I. Sheppard read a letter from the Nordberg Manu-
facturing Company stating that a discount of 3,150.00 would be
allowed for the prepayment of $2500000.00 on the hew engine
contract.
Carleton D. Beh Company, Des Moines, Iowa, on being advised of
this discount then offered to advance said sum on a Revenue
Pledge Order to be subsequently repaid from the proceeds of the
Revenue Bonds to be sold by the Hutchinson Ttilities Commission
on June 12, 1957.
Commissioner R. W. Dahl introduced the following Resolution pnd
moved its adoption.
R E S O L U T I O N
BE IT RESOLVED by Hutchinson Utilities Commission, City of
Hutchinson.. Minnesota, that said Commission issue to Nordberg
Mfg. Co. electric revenue pledge order of said Commission in
the sum of 250,000.00.
BE IT FURTHER RESOLVED that the President and the Secretary
of said Hutchinson Utilities Commission be and they hereby are
authorized and directed to execute the said electric revenue
pledge order on behalf of Hutchinson Utilities Commission. '
Motion was made by Commissioner Thompson and seconded by Commissioner
Dahl to adopt the above resolutiono
There being no further business, the
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ATTEST : �-
R4 T - ieppard, President.
meeting was adjourned.
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R. W. Dahl, Secre y.
IF
ELECTRIC REVENUE PLEDGE ORDER No.
HUTCHINSON UTILITIES COMMISSION
CITY OF HUTCHINSON, MINNESOTA
HUTCHINSON, MINNESOTA----
To the City Treasurer: Od
PAY TO THE ORDER OF FJk Q / X !" 17 Z79 C s �p Mad a ---
(FROM THE ELECTRI REVENUE CONSTRUCTION FUND)
DOLLARS
To defray the ost of extensions and improvements to the Municipal Electric Plant and System, by the
order of the Hutchinson Utilities Commission, Hutchinson, Minnesota.
This Pledge Order shall be
paid from the funds to be
created by the issuance
of Electric Revenue Bonds,
which Bonds shall not be a
general obligation of the
City and may be paid only
from the future net earn-
ings of the Hutchinson
Utilities Commission and
operation of the Municipal
Electric Plant and System.
APPROVED
INVOICE No.
PAYABLE AT THE OFFICE OF THE
CITY TREASURER, HUTCHINSON, MINNESOTA
PRESIDENT, MUNICIPAL UTILITIES COMMISSION, HUTCHINSON, MINNESOTA
SECRETARY, MUNICIPAL UTILITIES COMMISSION, HUTCHINSON, MINNESOTA
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ELECTRIC REVENUE PLEDGE ORDER No.
HUTCHINSON UTILITIES COMMISSION
CITY OF HUTCHINSON, MINNESOTA
HUTCHINSON, MINNESOTA 1457 `'
T the City Treasurer:
PAY TO THE ORDER OF
(FROM E 4fCTRIC REVEN STRUCTION FUND) —�-
t
DOLLARS
To defray the cost of extensions i rove ents to the 'Municipal Electric P and System, by the
order of the Hutchinson Utilities Commission, Hutchinson, Minnesota,
This Pledge Order shall be
APPROVED
INVOICE NO.
paid from the funds to be
created by the issuance
of Electric Revenue Bonds,
PAYABLE AT THE OFFICE OF THE
which Bonds shall not be a
CITY TREASURER, HUTCHINSON, MINNESOTA
general obligation of the
City and may be paid only
from the future net earn-
PRESIDENT, MUNICIPAL UTILITIES COMMISSION, HUTCHINSON, MINNESOTA
ings of the Hutchinson
Utilities Commission and
operation of the Municipal
Electric Plant and Sustem.
SECRETARY, MUNICIPAL UTILITIES COMMISSION, HUTCHINSON, MINNESOTA
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(9g) 103
SPEICIAL MEETING
May 31, 1957
A special meeting of the Hutchinson Utilities Commission was
held on the aforesaid date at the office of Dr. R. I. Sheppard.
All Commissioners were present.
President Sheppard advised that a payment of 40,000.00 was due
on the contract with Pedersen Electric Company for material
furnished in connection with the new engine and plant improvements.
President Sheppard also stated that Carleton D. Beh Company,
DesMoines, Iowa, was willing to advance the sum of $40,000.00
for payment on a Revenue Pledge Order be be subsequently repaid
from the proceeds of the Revenue Bonds to be sold by the
Hutchinson Utilities Commission on June 12, 1957.
Commissioner R. W. Dahl introduced the following Resolution and
moved its adoption.
R E S O L U T I O N
BE IT RESOLVED by Hutchinson Utilities Commission, City of
Hutchinson, Minnesota, that said Commission issue. to Pedersen
Electric Company Electric Revenue Pledge Order of said Commission
in the sum of $40,000.00.
BE IT FURTHER RESOLVED that the President and the Secretary of
said Hutchinson Utilities Commission be and they hereby are
authorized and direct to execute the said electric revenue
Pledge Order on behalf of Hutchinson Utilities Commission.
Motion was made by Commissioner Thompson and seconded by
Commissioner Dahl to adopt the above resolution.
There being no further business, the meeting was adjourned.
r
R.W. Dahl, Secretary. ~�
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ATTEST;
. I. eppard, President.
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