The Richmond palladium and sun-telegram. [volume] (Richmond, Ind.) 1907-1939, 1921-01-26
BOND ISSUE
OF $315,o0o
IS PROPOSED
Proposed Action Would Pro-
vide for Additions and I'M
provements to the Munici-
pal Light Plant.
LYON URGES ACTION

tions and improvements to the Mu-
nicipal electric light plant during the
coming year probably will be author
lied at the next meeting of council,
Monday night, Feb 7. according to
action taken at an advisory meeting
held in the light plant offices Tuesday
night.
This bond issue would include the
SITS, 900 for the new 5000 k. W. tur
bine that was recently authorized,
$4,000 for the balance due on the
coal and ash conveyor which was pur-
chased last year and now being in
stalled, $4,000 for additions and i'm
provements recommended by J. d.
Lyon, consulting engineer of the plant,
for coal handling devices, and similar
labor saving equipment; and $4,000
to reimburse the general. fund of the
plant for expenditures made for addi-
tions and betterments which were paid
out of the operating revenues of the
plant last wear, it was stated.
Called by Mayor.
The meeting which was held Tues
day evening was called by Mayor Zim-
norman on the suggestion of several
city officials that an estimate of the
expenses of the light plant be COM
PiiSu ohu INC lOI Iu6 u6CGo-
sary bond issue be presented at ono
time.
Members of council, board of works,
City Attorney Keller. ]. P. Dillon, SUI
perintendent Of the light plant; J. D.
Lyon. consulting engineer; Baltz
Bescher, city controller, and Mayor
Zimmerman were at the meeting
After Mr.. Lyon explained the nee
aSS9rv ir1nrovornor,fc 6,YrirO fhia
with the estimated saving to the city
and plant and the probable cost, he
showed the estimated savings that had
been effected within the last two
months.
Attorney Keller explained the ad-
vantages of Incorporating the entire
necessary bond issue in one ordi-
nance. Council and board of works
members stated that they would favor
the action when it was presented to
them. it was stated.
Action Rescinded
The action taken three weeks. ago
authorizing a temporary loan of $780,
600 for the light plant expenses will
be rescinded with the passage of the
proposed 1915. 900 ordinance, according
to city officials.
'The city is faced with a condition
and not a theory" one city officials
stated when he gave his approval to
the measure.
Councilmen stated that this meeting
was the first one they had ever at
tended when the exact conditions of
the plant were explained to them.
They stated that the step seemed i'm
perative if the machinery of the plant
was to be kept at the highest point
of efficiency and outstanding hills he
met
Permission for the issue will be
taken up with the state public service
commission by City Attorney Keller
after council has acted on the ordi-
nance.
To Return Funds
During the past year $5S,000 was
taken from the operating revenue to
pay for improvements, it was stated.
This money should be returned to the
general fund provided for that pur-
pose. and the only legal way this can
be accomplished is through a bond is
sue.
Mr.. Lyon pointed out the fact that
coal handling conveyance should be
purchased. The city has received es-
Inmates on the conveyor at 100000.
Mr.. Lyon stated that this could be Sc
cured for $4,000, affecting saving OF
$4,000 under the estimate. 1t will
also reduce the labor expense. he
stated. A feed pump for the boiler
room also is recommended.
The bond issue would not all be
made at one time, it was said, the
! bonds being distributed SO as to give
the plant the money to meet it's bills
AS they hacone duo