03-20-1962 HUCM284 (277')
Motion was mm,de by Corrmissicner Kurth and seconded by Commissioner
Thorj;son to p,,rc base, out of our sinking fund acccunt, $70,000.00
in Treasury Bills, date of maturity being May 24, 1`962.
There being no further business, the meetinE, was adjourned.
R. We-Dr7.1, Secretary.
ATTEST.
Resolution 69 R. I. -Ieppard, President
As per resolution #1000 adopted 11 -29 -06
March 23, Numbering resolutions from 1936 — 2006 pec i a 1 Ive e t i n
.
For search purposes only
A special meeting of the Hi,tc - :i_nson Utilities Corriniissie was held
on March 23, 1962 at the office of Dr. R. I. Shepta3 rd.
All commissioners were present., 'together with R. W. Dahl, W. E. Reyerson
and Joseph E. Casey.
Resolution Eriployi.n� the Carleton D. Beh Co.,
Investment Securities F_rm, Des Moines Building,
Des Moines, Iowa, to Act as Fiscal Agents for the
Municipal Ttilities Conmission, Hutchinson, '
Minnesota, for the Purpose of Financin.F the Emer-
gency Extensions and Improvements to the Municipal
Electric Plant, Hutchinson, Minnesota.
4VFIEREAS, the Municipal Utilities Commission, Hutchinson, Prlinnesota,
has entered into contracts for the purchase of an additional generating
unit and auxiliaries to i.rcrease the firm generati.nf capacity of the
Municipal. Electric Plant to meet the demands of the drastically in-
creased firer light and power requirements of the City of Hutchinson,
Minnesota; and
VY� EREAS, the current financial status of funds on hard and
available to the Commission for said p-11rchase of electric plant
extensions and improvements makes it mandatory to anticipate future
plant earnings and borrow approximately ,W'700,000 at this time and to
issue and sell revenue bonds secured by the future net operation
revenue of said plant; and
March 20, 1962.
Special Meeting.
A special meeting
March 20, 1262
of the Hutchinson Utilities
Comr- ;ission was held
Sheppard.
on
at the office of Dr. R. I.
All commissioners
were present.
Moticn was made by
Corunissioner Thoripson and
seconded by Corunissicner
Kurth to award the
bid for a. cooling; tower to
the Marley Company, the
basic bid being $32,243.00.
Motion was mm,de by Corrmissicner Kurth and seconded by Commissioner
Thorj;son to p,,rc base, out of our sinking fund acccunt, $70,000.00
in Treasury Bills, date of maturity being May 24, 1`962.
There being no further business, the meetinE, was adjourned.
R. We-Dr7.1, Secretary.
ATTEST.
Resolution 69 R. I. -Ieppard, President
As per resolution #1000 adopted 11 -29 -06
March 23, Numbering resolutions from 1936 — 2006 pec i a 1 Ive e t i n
.
For search purposes only
A special meeting of the Hi,tc - :i_nson Utilities Corriniissie was held
on March 23, 1962 at the office of Dr. R. I. Shepta3 rd.
All commissioners were present., 'together with R. W. Dahl, W. E. Reyerson
and Joseph E. Casey.
Resolution Eriployi.n� the Carleton D. Beh Co.,
Investment Securities F_rm, Des Moines Building,
Des Moines, Iowa, to Act as Fiscal Agents for the
Municipal Ttilities Conmission, Hutchinson, '
Minnesota, for the Purpose of Financin.F the Emer-
gency Extensions and Improvements to the Municipal
Electric Plant, Hutchinson, Minnesota.
4VFIEREAS, the Municipal Utilities Commission, Hutchinson, Prlinnesota,
has entered into contracts for the purchase of an additional generating
unit and auxiliaries to i.rcrease the firm generati.nf capacity of the
Municipal. Electric Plant to meet the demands of the drastically in-
creased firer light and power requirements of the City of Hutchinson,
Minnesota; and
VY� EREAS, the current financial status of funds on hard and
available to the Commission for said p-11rchase of electric plant
extensions and improvements makes it mandatory to anticipate future
plant earnings and borrow approximately ,W'700,000 at this time and to
issue and sell revenue bonds secured by the future net operation
revenue of said plant; and