02-01-1962 HUCM(269)
76
Milton Studeme n
Salary
115.13
Milton St ud eman
Salary
116.45
Rochester Germicide Company
730.3
4.38
R. E. Tor, erson &- Company
730.5.
787.2
48.60
Quade's Inc.
730.3
734.1 734.4
11.39
Texaco Inc
730.2
27.22
The Hut cr, ins on Leader Inc
787.2
801
103.25
Snap on Tools Corporation
734.4
5.45
Lee f Bros. Inc.
730.5
133.70
Graybar Electric Company
113.2
377.444r
Gordon Frank
402,
5.63
40.92
Ruth Hakel
Petty
Cash
33.31
Chicago &. N. W. Railway Company 778
65.00
Arnold Hepner
113.1
113.2
25.06
Nor. dberg ,,ianufac turi ng Company
113.1
#. #2
600.00
Grayklar Electric Company
113.2
771 775
92.71
Burmeister Electric Company
113.2
771
38.48
Farnham's
Mdse
18.18
Simonson Lunber
730.3
771
13.25
Standard Oil
729
1,902.74
Westinghouse Electric
13.3.2
71.00
Miller-Davis Com�oany
793.4
22.27
C . E - St oc king
734 .,t
7.00
A. J. Masien Comp.sny
730.3
24.25
There being no further business, the meeting was adjourned.
Secretory.
nT T ES T
R•I• henpard, President.
l.+ebr,3ar? 1, 1962
Spebi -d :�eeting.
PaTIVUTES OF SPEC AL MEETING OF EUTCi'INSON.
?TILITIE COiy ,'iISSI�' L iE1 D ON FE9R ;ARY 1,
1962, at '17P-Y. AT THE OW 'ICE 0? DR• R. I -
SEEPPARD, PRE"S IDE11T2 .
The meeting was called to order o, the President, and the
Secretary reported that all members were prescnL person and
participating- in the
The President, stated tha , cons deratiori had been given to the
purcLasc: of tf'e' First, Natl_nnal 7"anr, building; in Eutchinscn,
Mirinc,soi.a, as an office for tr:.e F'iutc ?,i.r�:.aon Ltilities Coll "i.ssion,
and further stated teat the real es'- te, tog -1her with certain items
o-' fixtures and personal property could be purcl.ased from said
ba .1c for 9,45,000.00, v iti- possession by Deeeniber 1, 1962, provided
that if said bare; did not have its neva builuin- complete by said
date tl -_e bank would pay rent to the Conin ssicn at the rate of to
X300.00 per 7ionth, wi tY_ possession tc be delivered by said bark the
( 2 7C, ) 2.7
of the needs of the Co.mmis.aron for space and vault space and after
consideration
Corrrissi.or. not-, later tLar i December 1, 1963 in any and all everts
The terms were disc,.zssEd, a d after delil-eration and consideration
o" all the factors involved, Member A. J. Thompson made the following
mot;on:
It is moved that Hutellrison Utilities Commission purchase from
the First national Bark of Hutch-inson, Yinr:csota, a National Banking
Associ ati on under the laws of the united :Mates, the South 22 feet; of
Lot 3 in Block 50, Towrzsi.te of Hutch..inson, North Half, according to the
map or plat thereof on f ile and of record in the cff.lcc of the
Re „ister of Deed - in and for bYCLeod Co-Jnty, binnesota, together with
the fixtures and personal r'rope gty hereinafter in this motion set
forth, for tY:e star:'; of �"'P'45,000.00 in the r.;anne:r and at the times
fcllcnvi.ng; $6,000.00 cash upon exec.ztion of the contract, and
V39,0011).00 in month-1z installments of $600 be Anning- March 1, 1962,
said installment to be applied first to interest at 5;' per annum and
bala.rce or. principal; vendor to pay the real estate tuxes payable
in the year 1962; vendor to retain title to one elctri cal, over-
hanF irt_• sign, entitled The First National Bank of Hutcl:ii.nson attached
to the front of the builc:in� :, one 1500 gallon oil tank near the rear
of the b,_;ilc int , and one abbndoned water pressure system: that works in
conjuction with the well now located in the buildin on the premises;
that I utcY inson Utilities Commission shall become the owner of three
vaults in the buildi.n`-, four vault doors, the burglary alarm system,
ni"ht ceposi._tory box, 2 des>✓,s and 4 chairs, teller's counters, light
fi3_tures, air c ondit_i.cner, two c;astcniez° service counters on south.
wall of lobby, and se:.-vice counter in baser.-;ert. T'nat possession Is
to be delivered to the Comiriissi.on on or before December 1, 3.962 upon
the completion of the new bank building; by said First National Bank
of '-Iutc! inson, provided th -al t if said premises above described are not
vacated by December 1, 1062 the said bank shall pay rent from said
date at T;300 per month for every montI. it retains possession up to
Dec ember 1, 1963, with. possession in any and all events delivered by
December 1, 1963• The Commission, atrrees said prercri.seu slall not be
used for banka.nC purposes to and including April 1, 1977. Tlie
Corrrai.ssion shall have right of use of the basemie nt in said premises in
the event it is evicted from its present quarters before possession
can be delivered by the bank. The contract for deed shall contain the
usual ter,-is and c onui,ti c'ns of t?:,.e standard form cf contract as provided
by Statute. Thai; the President, R. I. Sheppard, and the Secretary,
R. W. Dahl, be authorized to execute said contract on behalf of the
Hutchinsor_ Utilities Corm:i.ssion, and that all acts done pursuant to
tY2i s motion be ratified and confirmed bz r the Comauissi_on.
Yember W. W. Kurth. seconded the ad cpt i.on of the foregoing motion.
Upon vote being taken. on the moti on, all members of the Commission
voted in fa.vor of the adopt_on of said ri